Question : Statement 1: Human capital formation has no impact on poverty reduction.
Statement 2: Human capital formation plays a crucial role in poverty reduction by improving employment opportunities and income levels.
Option 1: Statement 1 is true, and statement 2 is true.
Option 2: Statement 1 is true, but statement 2 is false.
Option 3: Statement 1 is false, but statement 2 is true.
Option 4: Statement 1 is false, and statement 2 is false.
Correct Answer: Statement 1 is false, but statement 2 is true.
Solution : The correct option is (c) Statement 1 is false, but statement 2 is true.
Statement 1 suggests that human capital formation has no impact on poverty reduction. This statement is false. Human capital formation, which involves investments in education, skills development, and healthcare, plays a crucial role in poverty reduction. By equipping individuals with knowledge, skills, and abilities, human capital formation enhances their employability and income-earning potential. It improves their chances of accessing better job opportunities, higher wages, and economic mobility, thus reducing poverty.
Statement 2 correctly states that human capital formation plays a crucial role in poverty reduction by improving employment opportunities and income levels. It enables individuals to break the cycle of poverty by acquiring the necessary skills and knowledge to secure productive and well-paying jobs. Additionally, human capital formation can contribute to the overall development of communities and societies, leading to improved social indicators and reduced poverty rates.
Therefore, statement 1 is false, but statement 2 is true.
Question : Statement 1: The government has no role to play in human capital formation.
Statement 2: The government plays a crucial role in facilitating human capital formation through policies and investments.
Question : Statement 1: Investment in education is the only factor that contributes to human capital formation.
Statement 2: Investment in healthcare and nutrition also plays a significant role in human capital formation.
Question : Statement 1: Human capital formation has no impact on the overall well-being of society.
Statement 2: Human capital formation contributes to the overall well-being of society by improving education, healthcare, and standard of living.
Question : Statement 1: Technological advancements have no impact on human capital formation.
Statement 2: Technological advancements drive the need for continuous human capital development and upskilling.
Question : Statement 1: Human capital formation leads to a decrease in technological advancements.
Statement 2: Human capital formation fuels technological advancements and fosters innovation.
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