Target Exam

CUET

Subject

Economics

Chapter

Indian Economic Development: Human Capital Formation in India

Question:

Which of the following statement/statements are true?
Statement 1: Both education and health improves an individual's ability to generate income.
Statement 2: An educated and healthy person contributes more to economic growth than an illiterate and unhealthy person.
From the given alternatives choose the correct one:

Options:

Both the statements are true

Both the statements are false

Statement 1 is true and Statement 2 is false

Statement 2 is true and Statement 1 is false

Correct Answer:

Both the statements are true

Explanation:

The correct answer is option 1: Both the statements are true

 

  • Statement 1 is true because both education and health improve an individual's ability to generate income. Education enhances skills and knowledge, increasing earning potential, while good health improves productivity and work capacity.
  • Statement 2 is also true because an educated and healthy person is generally more productive and contributes more effectively to economic growth compared to an illiterate and unhealthy person. Education and health are both critical factors in maximizing an individual's economic contributions.