Target Exam

CUET

Subject

Economics

Chapter

Indian Economic Development: Human Capital Formation in India

Question:

Continuous investment in education, health, etc. of a particular person facilitates him to cope with change in technology. Does continuous investment in same machine helps it to cope with technological change?

Options:

Yes

No

Maybe

Can’t say

Correct Answer:

No

Explanation:

The correct answer is Option 2 :No

Continuous use of machine leads to depreciation and change of technology makes a machine obsolete. Continuous investment in a particular machine does not inherently help it cope with technological change. While maintenance and updates can keep a machine functioning well, adapting to technological changes often requires upgrading to newer machines or systems that incorporate advanced technology.

Continuous investment in education and health, however, enables individuals to adapt to and leverage new technologies effectively.