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Class 11th Economics - Human Capital Formation In India Case Study Questions and Answers 2022 - 2023 Study Materials Sep-08 , 2022

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Human Capital Formation In India Case Study Questions With Answer Key

11th Standard CBSE

Economics

Time : 00:15:00 Hrs

Total Marks : 10

Case Study

People spend to acquire information relating to the labour market and other markets like education and health. This information is necessary to make decisions w.r.t investment in human capital and its efficient utilization. Thus, expenditure incurred for acquiring information relating to the labour market and other markets is also a source of human capital formation.
(a) Define information.
(b) Why do people spend to acquire information?
(c) Is this information necessary?

Educational Attainment in India
Adult Literacy Rate (Percent of people aged 15+)

	1990	2017-18
Male	61.9	82
Female	37.9	66

On the basis of the above numerical information answer the following questions.
(a) Define' Adult Literacy Rate'.
(b) Analyse the upward movement in the literacy rate of both male and female during 2017-18.

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Answers

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