Chapter 2: People as Resource Short Questions | economics Class 9 CBSE

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Chapter 2: People as Resource Short Questions | economics Class 9 CBSE | ByteNotes.in

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Question 1

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Q1. What is human capital?

Human capital refers to skills, knowledge, and health in people.
It is created through investment in education and training.
It contributes to productivity and development.
People become assets when properly developed.

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Question 2

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Q2. What is meant by human capital formation?

The process of increasing the number of skilled and educated people.
Involves investment in education, training, and healthcare.
Improves productivity and employment.
Strengthens the economy and society.

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Question 3

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Q3. Define literacy rate.

Percentage of people aged 7 and above who can read and write.
Higher literacy means better awareness and job potential.
It reflects the educational status of a population.
Used to measure human capital quality.

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Question 4

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Q4. What are non-market activities?

Activities done for self-consumption or without pay.
Example: kitchen work, caring for family, home gardening.
Mostly performed by women.
Not included in national income.

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Question 5

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Q5. What is seasonal unemployment?

Occurs when people are unemployed in certain seasons.
Common in agriculture during non-harvest months.
No alternative employment options.
Leads to income instability.

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Question 6

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Q6. What is disguised unemployment?

More people work than required; extra workers are redundant.
Seen in family farming and small businesses.
No loss of output if they stop working.
Reduces efficiency and income.

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Question 7

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Q7. What is educated unemployment?

When educated persons can’t find jobs matching their skills.
Common in urban areas among graduates.
Caused by lack of practical or job-oriented education.
Leads to frustration and economic loss.

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Question 8

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Q8. Mention any two indicators of quality of population.

Literacy rate.
Health indicators like life expectancy and IMR.
Skill development levels.
Access to basic facilities.

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Question 9

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Q9. What is the significance of education?

Improves awareness, income, and decision-making.
Leads to job opportunities and higher productivity.
Reduces poverty and supports democracy.
Empowers individuals and society.

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Question 10

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Q10. Why should we invest in human capital?

To make people productive and skilled.
To increase national income and development.
To reduce unemployment and poverty.
To ensure sustainable and inclusive growth.

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Chapter sections

Chapter 2: People as Resource | Short Questions

Q1. What is human capital?

Q2. What is meant by human capital formation?

Q3. Define literacy rate.

Q4. What are non-market activities?

Q5. What is seasonal unemployment?

Q6. What is disguised unemployment?

Q7. What is educated unemployment?

Q8. Mention any two indicators of quality of population.

Q9. What is the significance of education?

Q10. Why should we invest in human capital?