Question : Statement 1: Investment in human capital has no impact on social development.
Statement 2: Investment in human capital contributes to improved social indicators and overall societal well-being.
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 investment in human capital has no impact on social development. This statement is false because investment in human capital, which includes education, healthcare, and skill development, is widely recognized as a crucial factor in improving social development. By equipping individuals with knowledge, skills, and capabilities, investment in human capital contributes to improved social indicators and overall societal well-being.
Statement 2 aligns with the commonly accepted understanding that investment in human capital leads to improved social indicators and societal well-being. It acknowledges the positive impact of human capital development on various aspects of social development.
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