Question

1. In which category will you classify the activity of ‘bribe-taking’?

2. Services rendered by housewives can be included in which category of

income?

3. What is the major reason for the literacy rate among females in India lagging

significantly behind the literacy rate among males?

4. Which state of India has the highest literacy rate?

5. What is ‘Sarva Shiksha Abhiyaan’?

6. How is human capital formed?

Short answer questions

1. Explain the investments required in human beings to make them useful

resources.

2. Explain the socio-economic implications of unemployment.

3. Explain how a large population (as in India) is not a liability but an asset.

4. Human resource is superior to cash in hand. Give three reasons to justify this

statement.

5. Explain any three ways of investment in human resource that can give high

returns in future.

6. What are the disadvantages that an uneducated person faces when he looks for

employment?

7. ‘Non-market activities can be converted into market activities if they are paid

for.’ Justify.

8. In what ways is the government helping human capital formation by its

educational initiatives?

9. ‘Health is the priority of the country.’ Justify the statement using three

arguments.​

Answer 1

Answer:

2.As a universal rule, activities leading to producing marketable goods/services are added to the national income. Thus, the services rendered by a housewife are not included in the national income as it is not easy to accurately calculate the monetary value of the services rendered by a housewife.