Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Indian Economic Development: Human Capital Formation in India

Question:
Read the following statements - Assertion (A) and Reason (R):
Assertion (A): Human capital and human development components complement each other.
Reason (R): Investing in human capital components leads to human development.
From the given alternatives choose the correct one:
Options:
Assertion (A) and Reason (R) are both true, and Reason (R) is the correct explanation for Assertion (A).
Assertion (A) and Reason (R) are both true, but Reason (R) is not the correct explanation for Assertion (A).
The assertion (A) is correct, but the reasoning (R) is incorrect.
While Assertion (A) is false, Reason (R) is correct.
Correct Answer:
Assertion (A) and Reason (R) are both true, and Reason (R) is the correct explanation for Assertion (A).
Explanation:
Human capital refers to the knowledge, skill sets, and experience that workers have in an economy. Investing in these skills and knowledge leads to human development.