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): The formation of human capital fosters innovation, invention, and technological advancement.
Reason (R): Education investments foster the ability to adopt newer technologies, facilities, invention, and innovation because a well-educated workforce generally adapts to modern technologies and innovation.
From the given alternatives choose the correct one:
Options:
Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A).
Both Assertion (A) and Reason (R) are true and Reason (R) is not the correct explanation of Assertion (A).
Assertion (A) is true but Reason (R) is false.
Assertion (A) is false but Reason (R) is true.
Correct Answer:
Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A).
Explanation:
Investment in education fosters the ability to adopt newer technologies, facilities, invention, and innovation because a well-educated workforce generally adapts to modern technologies and innovation. Because of this we can say that formation of human capital fosters innovation, invention, and technological advancement.