Target Exam

CUET

Subject

Economics

Chapter

Indian Economic Development: Human Capital Formation in India

Question:

Which of the following cannot be considered as a source for transforming human capital?

Options:

Migration expenditure in search of better employment opportunities

Expenditure for on the job training to increase productivity

Expenditure incurred on building machines and factories

All of the above

Correct Answer:

Expenditure incurred on building machines and factories

Explanation:

The correct answer is Option 3: Expenditure incurred on building machines and factories

Expenditure on building factories and machines leads to formation of physical capital and not human capital. Human capital can be formed through expenditure on education, health , migration, etc.