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.
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