Target Exam

CUET

Subject

Economics

Chapter

Indian Economic Development: Human Capital Formation in India

Question:

Which of the following are benefits of education?
i. Confers lower earning capacity
ii. Gives one a better social standing
iii. Enables to make poor choices in life
iv. Provides knowledge to understand changes taking place in society
v. Stimulates innovations
vi. Poor adaptation of old technology

Options:

i, iii, vi

i, iii, vi

ii, iv, vi

ii, iv, v

Correct Answer:

ii, iv, v

Explanation:

The correct answer is Option 4: ii, iv, v

Here's a breakdown of why:

ii. Gives one a better social standing:Education often leads to higher social status and respect within a community.

iv. Provides knowledge to understand changes taking place in society: Education equips individuals with the knowledge and critical thinking skills to understand and adapt to societal changes.

v. Stimulates innovations: Education fosters creativity, problem-solving, and innovation, which can contribute to economic growth and development.

The other options are incorrect:

i. Confers lower earning capacity: Education typically increases earning capacity, not lowers it.

iii. Enables to make poor choices in life: Education can help individuals make informed and rational decisions, not poor choices.

vi. Poor adaptation of old technology: Education can help individuals adapt to new technologies and innovations, not hinder their ability to do so.