Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Indian Economic Development: Human Capital Formation in India

Question:

Which of the following is not true about the benefits of education?

Options:

Increases skewed income distribution

Raises standard and quality of living

Increases participation rate

Develops mental abilities

Correct Answer:

Increases skewed income distribution

Explanation:

The answer is Increases skewed income distribution.

Education is a powerful tool for social mobility and economic development. It can help individuals to improve their earning potential, gain access to better jobs, and lead more fulfilling lives. Education can also help to reduce poverty and inequality.

However, the statement that education increases skewed income distribution is not true. In fact, education is one of the most effective ways to reduce income inequality. Studies have shown that each additional year of education leads to a significant increase in earnings. This is because education helps individuals to develop the skills and knowledge that are needed to succeed in the modern economy.

The other statements about the benefits of education are all true:

  • Education raises the standard and quality of living. This is because education helps people to develop the skills and knowledge that they need to make informed decisions about their health, their finances, and their careers. Education also helps people to appreciate the arts and culture, and to participate in civic life.

  • Education increases participation rate. This is because education makes people more likely to vote, volunteer in their communities, and participate in other forms of civic engagement.

  • Education develops mental abilities. This is because education exposes people to new ideas and challenges, and helps them to develop critical thinking and problem-solving skills.