Passage: Human capital can be defined as the body of knowledge possessed by the population and the capacity of the population to use the knowledge effectively. Until the late 1950s, no economist paid much attention to the role of investment in human beings. The birth of this idea can be dated from the presidential address of Prof. Theodore W. Schultze to the American Economic Association in December 1960. Questions: Q1: Human Capital Formation came into existence in: A: (b) 1960 Q2: Economists say that the main key player of economic development is: A: (a) Human capital Q3: In _____ Five Year Plan, India emphasized on human capital formation. A: (c) 5th Q4: ________ means an improvement in the quality of life and living standards, e.g., measures of literacy, life expectancy, and health care. A: (b) Economic development

Q. q130 — CBSE 12 Commerce Indian Economic Development

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Is India going to be a knowledge based economy in the near future?

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Question 130

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Human capital can be defined as the body of knowledge possessed by the population and the capacity of the population to use the knowledge effectively. Until the late 1950s, no economist paid much attention to the role of investment in human beings. The birth of this idea can be dated from the presidential address of Prof. Theodore W. Schultze to the American Economic Association in December 1960.

Question 114 MarksMCQ

Human Capital Formation came into existence in:

Question 214 MarksMCQ

Economists say that the main key player of economic development is:

Question 314 MarksMCQ

In _____ Five Year Plan, India emphasized on human capital formation.

Question 414 MarksMCQ

________ means an improvement in the quality of life and living standards, e.g., measures of literacy, life expectancy, and health care.

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