Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Indian Economic Development: Human Capital Formation in India

Question:

Investment in education turns human resources into _________.

Options:

Human Development

Human Capital

Human Capital Formation

Physical Capital

Correct Answer:

Human Capital

Explanation:

Investment in education is considered as one of the main sources of human capital. There are several other sources as well. Investments in health, on- thejob training, migration and information are the other sources of human capital formation.