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.
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 the correct explanation of Assertion (A)
Solution : The main purpose of human capital formation is to bring about a change in the productivity of the population of a country or in other words, to increase the productivity of the population of the country. Hence option a is the correct answer.
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.
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): 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): 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): Human capital formation is a stock concept. Reason (R): Variables that are measured at a specific time are referred to as stocks.
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