Page 2 - HA
P. 2
a) Machinery
b) Raw material
c) Building
d) Education and knowledge in people
(3 – 4 Mark)
11.Argue in favour of the need for different forms of government
intervention in education and health sectors.
12. ‘’ Human Capital formation promotes inventions, innovations
and technological improvement.’’ Comment.
13.Bring out the difference between Human and physical capital.
14. How does investment in human capital contribute to growth?
15. Distinguish between Human Capital and Human Development
16. Bring out the need for on-the-job-training for a person.
17. Explain the growth of education sector in India.
(6 Mark)
18. How does the following act as a source of human capital formation
a. Expenditure on health
b. Expenditure on Education
19. Explain the importance of Human Capital formation.
20. Briefly discuss the various problems of human capital formation.
