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.
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.
Statement 1 suggests that investment in human capital has no impact on social development. This statement is false because investment in human capital, which includes education, healthcare, and skill development, is widely recognized as a crucial factor in improving social development. By equipping individuals with knowledge, skills, and capabilities, investment in human capital contributes to improved social indicators and overall societal well-being.
Statement 2 aligns with the commonly accepted understanding that investment in human capital leads to improved social indicators and societal well-being. It acknowledges the positive impact of human capital development on various aspects of social development.
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.
Question : Statement 1: Investment in human capital reduces economic growth.
Statement 2: Investment in human capital promotes economic growth and development.
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.
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: Investment in human capital does not lead to technological innovation.
Statement 2: Investment in human capital fosters technological innovation and drives economic progress.
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