Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Indian Economic Development: Human Capital Formation in India

Question:

What are the points of similarities between human and physical capital?

Options:

Both depreciate

Both involve conscious decision of owner

Nothing is similar between human and physical capital

Both 1 and 2

Correct Answer:

Both 1 and 2

Explanation:

Both forms of capital depreciate with time but the nature of depreciation differs between the two. Both the forms of capital formation are outcomes of conscious investment decisions.