Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Indian Economic Development: Human Capital Formation in India

Question:

Match List - I with List - II.

List - I

List – II

(A)

Human Capital

(I)

Technical Progress

(B)

Physical Capital

(II)

Education and Health 

(C)

Human Capital formation 

(III)

Human well being

(D)

Human Development

(IV)

Growth enhancing

Choose the correct answer from the options given below :

Options:

(A)-(III), (B)-(IV), (C)-(II), (D)-(I)

(A)-(I), (B)-(II), (C)-(III), (D)-(IV)

(A)-(IV), (B)-(III), (C)-(I), (D)-(II)

(A)-(II), (B)-(I), (C)-(IV), (D)-(III)

Correct Answer:

(A)-(II), (B)-(I), (C)-(IV), (D)-(III)

Explanation:

The correct answer is Option 4: (A)-(II), (B)-(I), (C)-(IV), (D)-(III)

List - I

List – II

(A)

Human Capital

(II)

Education and Health

(B)

Physical Capital

(I)

Technical Progress

(C)

Human Capital formation 

(IV)

Growth enhancing

(D)

Human Development

(III)

Human well being 

The ownership of physical capital is the outcome of the conscious decision of the owner — the physical capital formation is mainly an economic and technical process.

Human capital considers education and health as a means to increase labour productivity.

Investment in human capital formation is considered as efficient and growth enhancing.

Human development is based on the idea that education and health are integral to human well-being because only when people have the ability to read and write and the ability to lead a long and healthy life, they will be able to make other choices which they value.