Target Exam

CUET

Subject

Economics

Chapter

Indian Economic Development: Human Capital Formation in India

Question:

Given below are some statements. Read them carefully and choose the correct statement (s) from the given options.

Statement 1:  The concept of human capital is the base for conceptualising physical capital.   

Statement 2: There are some similarities and some striking dissimilarities between the human capital and physical capital

Options:

Only Statement 1 is correct.

Only Statement 2 is correct.

Both statements are correct.

None of the given statement is correct.

Correct Answer:

Only Statement 2 is correct.

Explanation:

The correct answer is option 2: Only Statement 2 is correct.

Statement 1:  The concept of human capital is the base for conceptualising physical capital.   This is false. The concept of physical capital is the base for conceptualising human capital. 

Statement 2: There are some similarities and some striking dissimilarities between the human capital and physical capital. This is true.