Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Indian Economic Development: Human Capital Formation in India

Question:

"Human Resource Development was necessarily to be assigned a key role in any development strategy, particularly in a country with a large population" which of the following five year plan states ?

Options:

$5^{th}$ Five year plan

$6^{th}$ Five year plan

$7^{th}$ Five year plan

$8^{th}$ Five year plan

Correct Answer:

$7^{th}$ Five year plan

Explanation:

The correct answer is option (3) : $7^{th}$ Five year plan

India recognised the importance of human capital in economic growth long ago. The Seventh Five Year Plan says, "Human resources development (read human capital) has necessarily to be assigned a key role in any development strategy, particularly in a country with a large . Trained . population. Trained and educated on sound lines, a large population can itself become an asset in accelerating economic growth and in ensuring social change in desired directions."