Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Indian Economic Development: Human Capital Formation in India

Question:

Rearrange the following statements in a sequence to highlight the relation between human capital and economic growth.

A. Increase in Supply of healthy labour force

B. Increase in productivity of labour

C. Increase in economic growth

D. Investment in preventive medicine, curative medicine and social medicine

Choose the correct answer from the options given below :

Options:

A, B, C, D

B, C, D, A

D, A, B, C

C, D, A, B

Correct Answer:

D, A, B, C

Explanation:

The correct answer is option (3) : D, A, B, C

D. Investment in preventive medicine, curative medicine, and social medicine: Investment in healthcare improves the health of the population, leading to a healthier workforce.

A. Increase in supply of healthy labor force: Better health leads to an increased supply of healthy workers, reducing absenteeism and improving productivity.

B. Increase in productivity of labor: A healthier and skilled workforce tends to be more productive, contributing to higher overall productivity.

C. Increase in economic growth: Higher productivity and a healthier workforce contribute to increased economic growth.