(A) Expenditure on construction of New Parliament building is a source of Human Capital Formation.

(B) Expenditure incurred on constructing a submarine is the source of Human Capital Formation.

(C) Expenditure on health is an important source of Human Capital Formation.

(D) Expenditure incurred for acquiring film information is the source of Human Capital Formation.

(E) Expenditure on education helps individuals in increasing their future income and it is one of the source of Human Capital Formation.

Choose the correct answer from the options given below :

(C) and (E) Only

The correct answer is option (4) : (C) and (E) Only

(A) Expenditure on construction of New Parliament building is a source of Human Capital Formation.This statement is incorrect. Building infrastructure like a Parliament building contributes to physical capital formation, not human capital formation.

(B) Expenditure incurred on constructing a submarine is the source of Human Capital Formation. This statement is incorrect. Building a submarine also contributes to physical capital formation, not human capital formation.

(C) Expenditure on health is an important source of Human Capital Formation. This statement is correct. Expenditure on health, such as healthcare services, facilities, and education related to health, contributes to human capital formation by improving the health and productivity of individuals.

(D) Expenditure incurred for acquiring film information is the source of Human Capital Formation. This statement is incorrect. Acquiring film information is related to personal interest or entertainment and does not directly contribute to human capital formation, which focuses on education, health, skills development, etc.

(E) Expenditure on education helps individuals in increasing their future income and it is one of the sources of Human Capital Formation.This statement is correct. Education is a key aspect of human capital formation as it enhances skills, knowledge, and capabilities of individuals, leading to increased productivity and future income.