Question : What is the role of human capital in economic development?

Option 1: It increases unemployment rates.

Option 2: It hinders technological progress.

Option 3: It enhances productivity and innovation.

Option 4: It reduces the demand for skilled labor.

Question : What is the role of education in human capital formation?

Option 1: It increases income inequality.

Option 2: It reduces the productivity of the workforce.

Option 3: It enhances the knowledge and skills of individuals.

Option 4: It hinders economic growth.

Question : Why is entrepreneurship development important?

Option 1: It promotes economic growth and development
 

Option 2: It provides job opportunities
   

Option 3: It fosters innovation and creativity

Option 4: All of the above

Question : The important indicator of economic development is increase in GDP. As income is generated in the production, entrepreneurship generate income through organisation of production.
Which need for entrepreneurship is highlighted here?
 

Option 1: Contribution to GDP
 

Option 2: Capital formation
 

Option 3: Generation of employees
 

Option 4: Generation of business opportunities for others.
 

Question : It can be defined as systematic, purposeful and creative activity of identifying a need and mobilising resources to achieve it.
 

Option 1: Entrepreneurship
 

Option 2: Entrepreneurship development
 

Option 3: Entrepreneur
 

Option 4: None of the above