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“Ravya was initially… (Class 12 Economics SQP 2023-24, Q29)

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EconomicsCBSE Class 12 · Sample paper, session 2023-24 · 3 marks · Short answer

CBSE Class 12 Economics sample paper 2023-24: question 29

From the official CBSE sample question paper for 2023-24, section B, question 29, for 3 marks. Try it first; the hints and our step-by-step solution are below.

Q29 · 3 marks · Short answerCompetency-basedHuman Capital Formation in India

“Ravya was initially working as an office clerk in a firm. In the pursuit to attain, a higher position and income, she attended a few on-the-job training sessions. These sessions contributed positively to her skills and expertise.”
Explain the impact of Ravya’s decision on human capital formation.

Source: official sample paper from cbseacademic.nic.in (PDF). See it in the full Sample paper 2023-24.

Hints

Open one hint at a time and try again before the next.

Hint 1

Is training a source of human capital?

Hint 2

Who gains: Ravya, her firm, or both?

Step-by-step solution

Each step shows the marks it earns, as an examiner would award them. Checked by an independent re-solve from the question paper.

  1. On-the-job training raises the productive capacity of employees by building new skills and expertise.

    1 mark

  2. Firms encourage it because its benefits (higher productivity) outweigh its costs, and it helps workers adapt to modern technologies and ideas.

    1 mark

  3. Ravya's training improves her skills, productivity and earnings, so it has a positive impact on human capital formation.

    1 mark

Answer: On-the-job training raises Ravya's skills and productivity, adding to human capital formation.

Where the marks are

  • Impact explained (marked as a whole, 3)

Revise the chapter

Practise this chapterBoard-style questions from Human Capital Formation in India, one at a time, marked against the answer key and marking points.Back to the full paperSample paper 2023-24: every question, by section.

The question is transcribed from the official paper; figures are described in words. The solution, hints and chapter tag are ours. Spotted an error? Write tosupport@questionbuddy.in.