Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Indian Economic Development: Human Capital Formation in India

Question:

Social medicine refers to medical practices that aim to prevent or delay disease.
Which of the following options is true in regards to the above statement?

Options:

The statement is true

The statement is false

The statement is partially True

Can't say anything about the statement

Correct Answer:

The statement is false

Explanation:

The amount of money spent on preventive medicine (vaccination), curative medicine (medical intervention during illness), social medicine (spread of health literacy) and provision of clean drinking water and good sanitation are the various forms of health expenditures. Health expenditure directly increases the supply of healthy labour force and is, thus, a source of human capital formation.