Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Indian Economic Development: Human Capital Formation in India

Question:
"We need investment in human capital to produce more human capital out of human resources."
Which of the following options is true in regards to the above statement?
Options:
The statement is true
The statement is false
The statement is partially true
The statement is partially false
Correct Answer:
The statement is true
Explanation:
Society needs sufficient human capital in the first place—in the form of competent people who have themselves been educated and trained as professors and other professionals. In other words, we need good human capital to produce other human capital (say, nurses, farmers, teachers, doctors, engineers).