Class 9 Economics Chapter 1 Question Answers - Economics

Q1: When does population become human capital?
Ans: Population becomes human capital when there is investment made in the form of education, training, and medical care.

Q2: What is human capital?
Ans: The skills, knowledge, and experience possessed by an individual or population improve the quality of the individual or the population and thus turn them into a great asset. This is known as human capital.

Q3: What is called human capital formation?
Ans: When the existing human resource is further developed by becoming more educated and healthy, we call it human capital formation. It adds to the productive power of the country.

Q4: What does society gain through more educated and healthier people?
Ans: The advantages of a more educated or healthier population spread to those who themselves were not directly educated or given health care.

Q5: How is human capital superior to other resources like land and physical capital?
Ans: Human resource can make use of land and capital. Land and capital cannot become useful on their own.

Q6: What enhanced the total productivity of Sakai?
Ans: Several years of education added to the quality of labor. This enhanced his total productivity.

Q7: Mention the various activities undertaken in the primary sector?
Ans: Activities such as agriculture, forestry, animal husbandry, fishing, poultry farming, mining, and quarrying are undertaken in the primary sector.

Q8: What are economic activities also called?
Ans: Economic activities are also called market activities.

Q9: Mention one difference between market activities and non-market activities.
Ans: Market activities involve remuneration to anyone who performs, i.e., activity performed for pay or profit. Non-market activities are the production for self-consumption.

Q10: What do you mean by ‘division of labor between men and women in the family’?
Ans: Women generally look after domestic chores and men work in the fields. In this way, the work of a family is divided between men and women, which is called division of labor.

Q11: How are illiterate and unhealthy populations viewed in a nation’s economy?
Ans: Illiterate and unhealthy populations are viewed as a liability in a nation’s economy.

Q12: What are the two factors the quality of population depends upon?
Ans: The two factors upon which the quality of the population depends are literacy rate, health of a person indicated by life expectancy, and skill formation acquired by the people of the country.

Q13: What does education contribute towards the growth of society?
Ans: Education enhances national income and cultural richness. It also increases the efficiency of governance.

Q14: What is the goal behind the development of vocational streams?
Ans: Vocational streams have been developed to equip a large number of high school students with occupations related to knowledge and skills.

Q15: What is Sarva Siksha Abhiyan?
Ans: Sarva Siksha Abhiyan is a significant step towards providing elementary education to all children in the age group of six to fourteen years by 2010.

Q16: What is the aim of the mid-day meal scheme?
Ans: The aim of the mid-day meal scheme is to encourage attendance and retention of children and improve their nutritional status.

Q17: What do you mean by Infant Mortality Rate?
Ans: Infant Mortality Rate is the death of a child under one year of age.

Q18: What was the expenditure percentage of GDP in 1951-52 on education?
Ans: The expenditure percentage of GDP in 1951-52 on education was 0.64%.

Q19: What is seasonal unemployment?
Ans: Seasonal unemployment happens when people are not able to find jobs during some months of the year. People dependent upon agriculture usually face such kind of problem.

Q20: What is the literacy rate of India as per the Census of 2011?
Ans: As per the Census of 2011, the literacy rate of India is 74%.

Q21: What is vocational education?
Ans: Vocational education refers to as career education or technical education. This type of education prepares people to work in a trade, in a craft, as a technician, etc.

Q22: What is the indicator of good quality of life?
Ans: An increase in longevity of life is an indicator of good quality of life marked by self-confidence.

Q23: What is disguised unemployment?
Ans: In disguised unemployment, people appear to be employed. This usually happens among family members engaged in agricultural activity. The work requires the service of five people but engages eight people. Three people are extra who can be called disguisedly unemployed.

Q24: What is meant by educated unemployment?
Ans: Educated unemployment usually occurs in cities where there are educated or technically qualified people but no job opportunities available to them.

Q25: In the primary sector, which is the most labor-absorbing sector?
Ans: Agriculture is the most labor-absorbing sector in the primary sector.