Question : The "cost of human capital" includes:
Option 1: The financial investment in education and training
Option 2: The salary paid to employees
Option 3: The cost of healthcare services
Option 4: The market value of human resources in a company
Correct Answer: The financial investment in education and training
Solution : The correct answer is (a) The financial investment in education and training
The cost of human capital refers to the expenses associated with developing and nurturing the knowledge, skills, and abilities of individuals. It includes the financial investment made in education and training programs, such as tuition fees, training courses, educational materials, and other related expenses.
Question : The "Integrated Child Development Services (ICDS)" scheme provides:
Question : Which of the following factors contributes to human capital formation?
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 : The "knowledge spillover" effect refers to:
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