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‘It would be… (Class 12 Economics SQP 2024-25, Q31B)

questionbuddy.in/q/cbse-12-economics-2024-25-sqp-q31b-unclear-say-growth-human-capital

EconomicsCBSE Class 12 · Sample paper, session 2024-25 · 4 marks · Short answer

CBSE Class 12 Economics sample paper 2024-25: question 31(B)

From the official CBSE sample question paper for 2024-25, section B, question 31(B), for 4 marks. Try it first; the hints and our step-by-step solution are below.

Q31(B) · 4 marks · Short answerHuman Capital Formation in India

‘It would be unclear to say that, the growth of human capital lays the ground for economic growth of a nation.’
Do you agree with the given statement? Support your answer with valid illustrations.

Source: official sample paper from cbseacademic.nic.in (PDF). See it in the full Sample paper 2024-25.

Hints

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

Hint 1

Does more schooling always mean better quality?

Hint 2

Have poorer countries caught up in income?

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. Yes, I agree. It is hard to establish that more human capital causes economic growth because the relation between the two is difficult to measure.

    1 mark

  2. Educational yardsticks such as years of schooling, teacher-pupil ratio and enrolment rates may not reflect the quality of education.

    1 mark

  3. Human capital measures show convergence between developing and developed countries, but there is no evidence of convergence in per capita income.

    1 mark

  4. So education may improve without a matching rise in real income across countries; the link between human capital and growth is unclear.

    1 mark

Answer: Agree: causality is hard to measure, schooling measures miss quality, and human-capital convergence has not brought income convergence.

Where the marks are

  • Agreement with illustrations (marked as a whole, 4)

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 2024-25: 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.