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Published on: 08/09/2022
QB365 provides a detailed and simple solution for every Possible Case Study Questions in Class 11 Economics Subject - Human Capital Formation In India, CBSE. It will help Students to get more practice questions, Students can Practice these question papers in addition to score best marks.
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1.
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.
2.
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?
1.
(a) Adult Literacy Rate refers to the percent of people aged 15+.
(b) The differences in literacy rates between males and females are narrowing down as indicated by the above numerical information. In 1990, male literates were 61.9% whereas females literates were just 37.9%. But during the span of 27 years (2017-18) the literacy rate has improved and the difference also has narrowed down from 82% (males) and 66% (females). This is signifying a positive development in gender equity. The need to promote education for women in India is keenly desired to improve their economic independence and social status .
2.
(a) To acquire information related to jobs and specialised skills being offered by educational institutions.
(b) People spend to acquire information to know the level of salaries associated with various jobs and whether the educational institutions provide right type of employable skills to enhance their potentiaL
(c) Yes, this information is necessary to make correct decisions w.r.t investment in human capital and its efficient utilization. Not only that the expenditure incurred for acquiring this information is also a source of human capital formation.
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