Question : Assertion: Human capital is a driver of innovation and technological progress.
Reason: Highly skilled individuals are more likely to contribute to scientific and technological advancements.
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 option is (a) Both assertion and reason are true, and the reason is the correct explanation of the assertion.
The assertion that human capital is a driver of innovation and technological progress is true. Human capital refers to the knowledge, skills, and capabilities of individuals that contribute to their productivity and economic value. Highly skilled individuals possess the expertise and knowledge necessary to drive innovation and technological progress. They are more likely to engage in research, development, and the application of new ideas and technologies. Their advanced skills and abilities enable them to push the boundaries of knowledge, create new inventions, and improve existing processes, leading to innovation and technological advancements.
The reason provided states that highly skilled individuals are more likely to contribute to scientific and technological advancements, which is a correct explanation of the assertion. Skilled individuals have the capacity to understand and apply complex concepts, theories, and methodologies. They possess the critical thinking, problem-solving, and analytical skills necessary to conduct research, analyze data, and make scientific breakthroughs. Their advanced knowledge and expertise enable them to contribute to scientific advancements, develop new technologies, and drive innovation in various fields.
Therefore, both the assertion that human capital is a driver of innovation and technological progress and the reason that highly skilled individuals are more likely to contribute to scientific and technological advancements are true, and the reason is the correct explanation of the assertion.
Question : Assertion: Technological advancements reduce the demand for unskilled labor.
Reason: Technological progress increases the demand for skilled labor.
Question : Assertion: Human capital is a determinant of economic competitiveness.
Reason: Highly skilled individuals contribute to the growth and productivity of industries.
Question : Assertion: Continuous learning and upskilling are essential for maintaining human capital relevance.
Reason: Technological advancements require individuals to update their skills to remain employable.
Question : Assertion: Industrial sector reforms aimed to encourage private sector participation.
Reason: Private sector participation can bring in investment and technological advancements.
Question : Assertion: Liberalization reforms aimed to promote competition in the industrial sector.
Reason: Increased competition encourages innovation and efficiency.
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