Question : Which of the following describes the issue with the development of human capital? A: One of India's biggest issues with human capital production is the country's growing population. B: One of India's biggest issues with human capital building is brain drain. C: One of India's biggest issues with human capital building is its low academic standards.
Option 1: Only option a is correct
Option 2: Only option b is correct
Option 3: B and C are correct.
Option 4: All of the above are correct.
Correct Answer: All of the above are correct.
Solution : India has a variety of issues with the development of human capital. These are listed below: i. Growing Population: The growing population puts strain on the finite resources that are available. In other words, it decreases the number of amenities like housing, sanitization, education, power supply, etc. that are available per person. ii. Brain Drain: People migrate from one place to another in search of better job opportunities and handsome salaries. This puts a serious threat to the process of human capital formation. iii. Low Academic Standards: In order to spread education, various educational institutions are opening up regardless of the deficiency in their standards. iv: Improper Man Power Planning: India lacks proper man power planning. No major efforts have been taken to maintain the demand-supply balance of the rising labor force Hence option d is the correct answer.
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