Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Indian Economic Development: Human Capital Formation in India

Question:

A picture of a make shift school is given below. Answer the given questions in the context of given figure.

What is the primary reason for the necessity of the owner of human capital to be present in the place of production?

Options:

To ensure physical capital is not misused.

To enhance cultural diversity in the workplace.

To facilitate the sale of human capital services.

To increase the mobility of human capital.

Correct Answer:

To facilitate the sale of human capital services.

Explanation:

The owner of human capital must be present in the place of production to provide the services associated with their human capital, which are sold in the market.