Question : Assertion: Investment in human capital leads to higher standards of living.
Reason: Human capital development improves the overall quality of life by expanding employment opportunities and raising incomes.
Option 1: Both assertion and reason are true, and the reason is the correct explanation of the assertion.
Option 2: Both assertion and reason are true, but the reason is not the correct explanation of the assertion.
Option 3: Assertion is true, but the reason is false.
Option 4: Assertion is false, but the reason is true.
Correct Answer: Both assertion and reason are true, and the reason is the correct explanation of the assertion.
Solution : The correct answer is (a) Both assertion and reason are true, and the reason is the correct explanation of the assertion.
The assertion states that investment in human capital leads to higher standards of living. Human capital refers to the skills, knowledge, and abilities of individuals, which can be enhanced through education, training, and development.
The reason provided is that human capital development improves the overall quality of life by expanding employment opportunities and raising incomes. This is true because individuals with higher levels of human capital are more likely to secure better-paying jobs and have access to a wider range of employment opportunities. As a result, their incomes increase, which positively impacts their standard of living by providing greater financial security and access to essential goods and services.
Therefore, both the assertion and the reason are true, and the reason is the correct explanation of the assertion.
