People as Resource
Q & A for CBSE Examination
Q1: What is human capital?
Answer: Human capital is the stock of skill and productive knowledge embodied in them.
Q2: What is 'People as Resource'?
Answer: 'People as Resource' is a way of referring of a country’s working people in terms of their existing productive skills and abilities.
Q3: Which aspect of a large population has often be ignored or overlooked?
Answer: The positive aspect of large population i.e. it can be considered as resource is often overlooked.
Q5: How human capital contributes to Gross National Product by citing two examples?
Answer:
Q6: How is the investment in human resource is similar to any other type of investment?
Answer: Human capital is the stock of skill and productive knowledge embodied in them.
Q2: What is 'People as Resource'?
Answer: 'People as Resource' is a way of referring of a country’s working people in terms of their existing productive skills and abilities.
Q3: Which aspect of a large population has often be ignored or overlooked?
Answer: The positive aspect of large population i.e. it can be considered as resource is often overlooked.
Q5: How human capital contributes to Gross National Product by citing two examples?
Answer:
- Green Revolution in India proved that with increase in human capital led to improvement in production technology. Due to this the productivity of scarce land resources increased considerably.
- The tremendous growth of Information technology industry proved the importance of human capital for the development of IT and ITeS services.
Q6: How is the investment in human resource is similar to any other type of investment?