Question : Assertion (A): Investing in education and health are important factors in the development of human capital. Reason (R): The formation of human capital is continual and ongoing
Option 1: Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A).
Option 2: Both Assertion (A) and Reason (R) are true and Reason (R) is not the correct explanation of Assertion (A).
Option 3: Assertion (A) is true but Reason (R) is False
Option 4: Assertion (A) is False but Reason (R) is true.
Correct Answer: Both Assertion (A) and Reason (R) are true and Reason (R) is not the correct explanation of Assertion (A).
Solution : Individuals that invest in their education are able to build their human capital, which aids them in improving their labor productivity and efficiency. Investing in education is therefore just as efficient as spending on tangible assets. A person with more education has a greater social position. Hence option b is the correct answer.
Question : Assertion (A): The components of human capital and human development are complementary to each other. Reason (R): Human development results from spending on human capital components.
Question : Assertion (A): Physical capital aids in the development of human capital. Reason (R): Since physical capital is passive by nature, human capital aids in the production of physical capital.
Question : Assertion: Physical capital is tangible in nature Reason: Physical capital can be seen and touchable.
Question : Assertion (A): The effective use of physical capital necessitates the formation of human capital Reason (R): The development of human capital increases people's life expectancies.
Question : Assertion (A): Human capital formation is a stock concept. Reason (R): Variables that are measured at a specific time are referred to as stocks.
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