Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Indian Economic Development: Human Capital Formation in India

Question:
“People want to know the level of salaries associated with various types of jobs.” Which source of human capital formation is being talked about?
Options:
Education
Migration
Information
All of the above
Correct Answer:
Information
Explanation:
People spend to acquire information relating to the labour market and other markets like education and health. For example, people wanting to know the level of salaries associated with various types of jobs is a spending on acquiring information about labour market.