Question : Statement 1: The government has no role to play in human capital formation.
Statement 2: The government plays a crucial role in facilitating human capital formation through policies and investments.
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 answer is (c) Statement 1 is false, but statement 2 is true.
Statement 1 is false. The government plays a significant role in human capital formation through various policies and investments. It is responsible for creating an enabling environment that promotes access to education, healthcare, and skill development opportunities. Governments often establish and support educational institutions, implement policies to ensure equal opportunities for all individuals, provide funding for research and development, and invest in healthcare infrastructure—all of which contribute to human capital formation.
Statement 2 is true. The government's role in facilitating human capital formation is crucial. Through policies and investments, governments can ensure the availability and accessibility of quality education, healthcare services, vocational training programs, and other resources necessary for individuals to develop their knowledge, skills, and abilities. By creating an enabling environment and addressing barriers to human capital development, governments can promote economic growth, social progress, and overall well-being.
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 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: Human capital formation is a passive process that relies solely on individuals' efforts.
Statement 2: Human capital formation requires proactive investments and interventions from governments and institutions.
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 is solely the responsibility of the education system.
Statement 2: Human capital formation involves the collective efforts of the education system, government, businesses, and individuals.
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