Match statements in column I with correc

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Target Exam

CUET

Subject

Economics

Chapter

Indian Economic Development: Human Capital Formation in India

Question:

Match statements in column I with correct statements in column II.

Column 1	Column II
i. Human Welfare	a. Human Capital
ii.Labour Productivity	b. Human Development
iii. Increase in National Income	c. Economic Growth
iv.More use of IT	d. Knowledge Economy

Options:

i-b, ii-a, iii-d, iv-c

i-b, ii-a, iii-c, iv-d

i-b, ii-c, iii-a, iv-d

i-b, ii-d, iii-c, iv-a

Correct Answer:

i-b, ii-a, iii-c, iv-d

Explanation:

The correct answer is option 2: i-b, ii-a, iii-c, iv-d

Column 1	Column II
i. Human Welfare	b. Human Development
ii.Labour Productivity	a. Human Capital
iii. Increase in National Income	c. Economic Growth
iv.More use of IT	d. Knowledge Economy

Human capital treats human beings as a means to an end, end being increase in labour productivity.

Human development aims at human welfare.

Economic growth means the increase in national output/national income.

A country can be transformed into knowledge economy using more of IT (Information Technology).