Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Indian Economic Development: Human Capital Formation in India

Question:
Which of the following statements regarding human capital investment at the tertiary level are true?
1. Peers, educators and society does not influence the decisions regarding human capital investments.
2. The human capital formation at this stage is dependent upon the already formed human capital.
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:
Statement 2 is true and Statement 1 is false
Explanation:
The peers, educators and society influence the decisions regarding human capital investments even at the tertiary level, that is, at the college level. Moreover, the human capital formation at this stage is dependent upon the already formed human capital at the school level.