People as Resource

What is the main message of the chapter "People as Resource"?

1. Population growth alone guarantees economic development.
2. Human beings become the greatest asset of a nation when investments are made in education, healthcare, skill development, and employment opportunities.
3. Only physical capital determines national development.
4. Education has no role in economic growth.

Which of the following best explains the concept of "People as Resource"?

1. Population is always a burden.
2. People become valuable resources when they are educated, skilled, and healthy.
3. Natural resources are more important than people.
4. Only machines create economic growth.

Which of the following is a productive investment for a country's future?

1. Spending only on luxury goods
2. Investing in education and vocational training
3. Reducing school facilities
4. Closing healthcare centres

Why is healthcare important for economic development?

1. Healthy people are more productive and efficient.
2. It reduces agricultural land.
3. It decreases literacy.
4. It eliminates all unemployment immediately.

Which organisation provides employment data in India?

1. Reserve Bank of India
2. National Sample Survey Office (NSSO) / National Statistical Office (NSO)
3. Election Commission
4. Supreme Court

Which of the following best represents human capital formation?

1. Increasing forest area only
2. Improving education, training, and healthcare of people
3. Purchasing more machinery only
4. Increasing imports

Which type of unemployment mainly affects educated youth?

1. Seasonal unemployment
2. Educated unemployment
3. Disguised unemployment
4. Casual unemployment

What is disguised unemployment?

1. Workers openly refuse to work.
2. More workers are employed than actually required, so some workers contribute little or nothing to production.
3. Workers migrate abroad permanently.
4. Workers receive high salaries.

Which type of unemployment is commonly found in agriculture?

1. Seasonal unemployment
2. Technological unemployment only
3. International unemployment
4. Urban unemployment only

What is unemployment?

1. Working in more than one job
2. A situation where people willing and able to work cannot find suitable employment
3. Retiring from work permanently
4. Working without receiving promotion

What is the literacy rate?

1. Percentage of employed people
2. Percentage of people who can read and write with understanding
3. Percentage of farmers in a country
4. Percentage of industrial workers

Which of the following is an example of human capital?

1. A factory building
2. Skilled and educated workers
3. Agricultural land
4. Machinery

Which sector is directly responsible for developing human capital?

1. Education and Health sectors
2. Mining sector
3. Transport sector only
4. Tourism sector only

Which of the following is an investment in human capital?

1. Building roads only
2. Spending on education and healthcare
3. Purchasing luxury goods
4. Mining minerals

Why are people considered a resource?

1. Because they only consume goods and services
2. Because their knowledge, skills, and health contribute to economic development
3. Because they own all natural resources
4. Because they do not require education