Question : Statement 1: Human capital formation has no impact on the overall well-being of society.
Statement 2: Human capital formation contributes to the overall well-being of society by improving education, healthcare, and standard of living.
Option 1: Statement 1 is true, and statement 2 is true.
Option 2: Statement 1 is true, but statement 2 is false.
Option 3: Statement 1 is false, but statement 2 is true.
Option 4: Statement 1 is false, and statement 2 is false.
Correct Answer: Statement 1 is false, but statement 2 is true.
Solution : The correct option is (c) Statement 1 is false, but statement 2 is true.
Statement 1 suggests that human capital formation has no impact on the overall well-being of society. This statement is false. Human capital formation, which involves investing in education, skills, and knowledge of individuals, has a significant positive impact on the overall well-being of society. By improving education, healthcare, and the standard of living, human capital formation contributes to the social and economic development of a society.
Statement 2 states that human capital formation contributes to the overall well-being of society by improving education, healthcare, and the standard of living. This statement is true. When individuals are equipped with knowledge and skills through human capital formation, it enhances their opportunities for better education and healthcare. It also raises their income levels, improves their quality of life, and contributes to the overall well-being of society.
Therefore, statement 1 is false, but statement 2 is true.
Question : Statement 1: Investment in education is the only factor that contributes to human capital formation.
Statement 2: Investment in healthcare and nutrition also plays a significant role in human capital formation.
Question : Statement 1: Inadequate social protection measures can perpetuate poverty.
Statement 2: Social protection programs such as pensions, healthcare, and education subsidies can help reduce poverty and inequality.
Question : Statement 1: The services sector contributes significantly to the GDP of India, Pakistan, and China.
Statement 2: Services such as banking, education, healthcare, and tourism play a crucial role in the economies of these countries.
Question : Statement 1: The average years of schooling in Pakistan are lower than in India.
Statement 2: Limited access to quality education and high dropout rates contribute to lower average years of schooling in Pakistan.
Question : Statement 1: SEBI's development functions include investor education and training.
Statement 2: SEBI's development functions solely focus on regulating credit rating agencies.
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