Question : Which of the following claims regarding human capital is accurate?
Option 1: Human resources and human capital are related to each other
Option 2: Human development and human capital are related to each other
Option 3: Both a and b are correct
Option 4: Both a and b are incorrect
Correct Answer: Both a and b are correct
Solution : The information, expertise, training, experience, and competencies that people bring to a business are referred to as human capital. A composite statistic that takes into account per capita income, life expectancy, and education determines the level of human development in an economy. Hence option c is the correct answer.
Question : Which of the following statement are true: Statement 1: Positive outlook is brought about by human capital formation. Statement 2: Human capital formation ensures a higher participation rate.
Question : Which of the following are the elements of economic development? A: Physical capital B: Human capital C: Technology
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 : Which of the following is a key contributor to the development of human capital in India? A: Spending on in-house training B: Money spent on education
Question : Which of the following statement is true? A: High level of human capital leads to growth of income. B: Higher income leads to the development of a high level of human capital and vice-versa.
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