Question : Assertion (A): The effective use of physical capital necessitates the formation of human capital Reason (R): The development of human capital increases people's life expectancies.
Option 1: Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A).
Option 2: Both Assertion (A) and Reason (R) are true and Reason (R) is not the correct explanation of Assertion (A).
Option 3: Assertion (A) is true but Reason (R) is False
Option 4: Assertion (A) is False but Reason (R) is true.
Correct Answer: Both Assertion (A) and Reason (R) are true and Reason (R) is not the correct explanation of Assertion (A).
Solution : For economic progress, human capital is as vital as physical capital. The process of increasing the stock of human capital through time is known as human capital formation. Through providing improved education, healthcare facilities, and other resources, human capital can be developed by producing a talented, trained, and effective labor force. Hence option b is the correct answer.
Question : Assertion (A): Physical capital aids in the development of human capital. Reason (R): Since physical capital is passive by nature, human capital aids in the production of physical capital.
Question : Assertion (A): The expansion of a country's economy is significantly influenced by human capital formation Reason (R): Human capital formation improves the skills and productivity of resources by enabling better resource utilisation.
Question : Assertion (A): The components of human capital and human development are complementary to each other. Reason (R): Human development results from spending on human capital components.
Question : Assertion (A): Investing in education and health are important factors in the development of human capital. Reason (R): The formation of human capital is continual and ongoing
Question : Assertion (A): Human capital formation is a stock concept. Reason (R): Variables that are measured at a specific time are referred to as stocks.
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile