Economics: CUET Mock Test - 10 - Commerce MCQ

Human capital include human beings. And healthy human can work properly. So Improved of health is only concept in all these that is realeted with human capital.

Human capital refers to the knowledge, skill sets, and experience that workers have in an economy. The skills provide economic value since a knowledgeable workforce can lead to increased productivity. Economic growth is an increase in an economy's ability, compared to past periods, to produce goods and services.
Human capital is positively correlated to economic growth since investment tends to boost productivity. The process of educating a workforce is a type of investment.

Human resources are used to describe the people who work. They are resource to an organization or a business or is providing some kind of work or service by working, which will provide that business output and make effective and efficient.
A person only becomes human resource when he/she is willing to work, Is able to work and Belongs to particular age group.

The Kendriya Vidyalayas were established in 1963 with the sole purpose of offering quality education to the children of transferable central government employees, including those in the defence and paramilitary services.

All India Council for Technical Education was established in 1945 by Government of India. The organization was set up to conduct survey on facilities on technical education and to promote and develop technical education in the country. AICTE covers program of technical education including training and research in Engineering, Technology, Architecture, Town Planning, Management, Pharmacy, Applied Arts and Crafts, Hotel Management and Catering Technology etc. at different levels. 

Qualitative improvement in labour is what investment here.

Expenditure on health is an important source of human capital formation. Health expenditure directly increases the supply of healthy labour force and is, thus, a source of human capital formation. Preventive medicine (vaccination), curative medicine (medical intervention during illness), social medicine (spread of health literacy) and provision of clean drinking water and good sanitation are the various forms of health expenditure

Human capital includes the inherent and acquired skill sets of the entire population of a country. However, education, health, on-job training enhance the quality of human capital.

The school system in India has four levels: lower primary (age 6 to 10), upper primary (11 and 12), high (13 to 15) and higher secondary (17 and 18).

Physical capital consists of tangible, man-made objects that a company buys or invests in and uses to produce goods.
Human Capital includes labor and other resources that humans can provide—education, experience or unique skills—that contribute to the production process.
Human capital and physical capital accumulation are similar: In both cases, investment pays off in longer-term productivity in the future.

According to Census 2011, Kerala has the highest total literacy rate and female literacy rate i.e.94%.

Human capital is unique and differs from any other capital. It is needed for companies to achieve goals, develop and remain innovative. Human capital is the stock of habits, knowledge, social and personality attributes (including creativity) embodied in the ability to perform labour so as to produce economic value.

People as Resource' is a way of referring to a country's working people in terms of their existing productive skills and abilities. Human resource is an asset for the economy rather than a liability. Population becomes human capital when there is investment made in the form of education, training and medical care.

Human resources are used to describe the people who work. They are resource to an organization or a business or is providing some kind of work or service by working, which will provide that business output and make effective and efficient.
A person only becomes human resource when he/she is willing to work, Is able to work and Belongs to particular age group.