Question : Statement 1: Technological advancements have no impact on human capital formation.
Statement 2: Technological advancements drive the need for continuous human capital development and upskilling.
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.
Technological advancements have a significant impact on human capital formation. As technology evolves and transforms various industries, individuals need to continuously develop and update their skills to adapt to these changes. Technological advancements drive the need for continuous learning, upskilling, and reskilling to remain competitive in the labor market. Therefore, statement 1, which suggests that technological advancements have no impact on human capital formation, is false. Statement 2 correctly highlights the role of technological advancements in driving the need for ongoing human capital development.
Question : Statement 1: Human capital formation leads to a decrease in technological advancements.
Statement 2: Human capital formation fuels technological advancements and fosters innovation.
Question : Statement 1: Human capital formation has no impact on poverty reduction.
Statement 2: Human capital formation plays a crucial role in poverty reduction by improving employment opportunities and income levels.
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.
Question : Statement 1: Human capital formation hinders economic productivity.
Statement 2: Human capital formation enhances economic productivity through the development of skilled and knowledgeable individuals.
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.
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