Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Indian Economic Development: Human Capital Formation in India

Question:

Which of the following is/ are true?
Education is important in life due to following reasons:
a) It creates high earning capacity in people.
b) It gives better social standing and pride to a person.
c) It makes decision making a tedious process.
d) It provides knowledge to understand the changes taking place in society.
e) It stimulates innovations.

Options:

a), b) and c)

c) d) and e)

a) b) d) e)

None of the above

Correct Answer:

a) b) d) e)

Explanation:

Education is sought not only as it confers higher earning capacity on people but also for its other highly valued benefits: it gives one a better social standing and pride; it enables one to make better choices in life; it provides knowledge to understand the changes taking place in society; it also stimulates innovations.