Question : Assertion: Human capital formation requires a conducive policy environment.
Reason: Well-designed policies and strategies enable individuals to acquire and develop relevant skills and knowledge.
Option 1: Both assertion and reason are true, and the reason is the correct explanation of the assertion.
Option 2: Both assertion and reason are true, but the reason is not the correct explanation of the assertion.
Option 3: Assertion is true, but the reason is false.
Option 4: Assertion is false, but the reason is true.
Correct Answer: Both assertion and reason are true, and the reason is the correct explanation of the assertion.
Solution : The correct answer is (a) Both assertion and reason are true, and the reason is the correct explanation of the assertion.
The assertion states that human capital formation requires a conducive policy environment. Human capital formation refers to the process of acquiring and developing knowledge, skills, and competencies in individuals. The reason provided is that well-designed policies and strategies enable individuals to acquire and develop relevant skills and knowledge. This is true because the policy environment plays a crucial role in shaping the education system, vocational training programs, and other initiatives that contribute to human capital development. Policies can influence access to education, funding for research and development, support for lifelong learning, and other factors that affect the acquisition and utilization of human capital. A conducive policy environment can provide the necessary infrastructure, resources, incentives, and support systems to facilitate human capital formation at individual and societal levels. Therefore, both the assertion and the reason are true, and the reason correctly explains the assertion.
Question : Assertion: Human capital formation plays a crucial role in reducing income inequality.
Reason: Education and skill development enable individuals to access better job opportunities and higher income levels.
Question : Assertion: Human capital formation requires investment in vocational and technical training.
Reason: Vocational and technical training programs equip individuals with specific skills in various sectors.
Question : Assertion: Human capital formation requires adequate healthcare services.
Reason: Good health is crucial for individuals to reach their full potential and contribute effectively to the economy.
Question : Assertion: Human capital formation requires an inclusive and equitable education system.
Reason: Inclusive education ensures that all individuals have access to quality education and equal opportunities for skill development.
Question : Assertion: On-the-job training enhances human capital formation.
Reason: On-the-job training provides practical skills and knowledge relevant to specific job requirements.
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