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.
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 true, and statement 2 is true.
Solution : The correct answer is (a) Statement 1 is true, and statement 2 is true.
Statement 1 is true. Investment in education is indeed a crucial factor in human capital formation. Education equips individuals with knowledge, skills, and abilities, which are essential components of human capital. Through education, individuals acquire specialized knowledge, develop critical thinking skills, and enhance their overall capabilities.
Statement 2 is also true. While education is a significant contributor to human capital formation, it is not the only factor. Investment in healthcare and nutrition is equally important. Good health and proper nutrition are fundamental for individuals to realize their full potential and effectively utilize their human capital. Access to healthcare services and adequate nutrition positively impact individuals' well-being and ability to participate fully in economic and social activities.
Therefore, both statement 1 and statement 2 are true.
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 : Assertion: Government policies play a crucial role in promoting human capital formation.
Reason: Government interventions can improve access to education and healthcare services.
Question : The "Integrated Child Development Services (ICDS)" scheme provides:
Question : The poverty line is defined as the minimum level of income required to meet the:
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