Question : The "cost of human capital" includes:
Option 1: The salary paid to employees
Option 2: The financial investment in education and training
Option 3: The cost of healthcare services
Option 4: The market value of human resources in a company
Correct Answer: The financial investment in education and training
Solution : The correct answer is (b) The financial investment in education and training.
The "cost of human capital" refers to the expenses incurred in developing and enhancing the knowledge, skills, and abilities of individuals. This includes the investment made by individuals, organizations, or society in education, training programs, skill development initiatives, and other forms of human capital development.
Option 1: The financial investment in education and training
Option 2: The salary paid to employees
Question : Which of the following factors contributes to human capital formation?
Option 1: Decreased investment in education and healthcare
Option 2: Low levels of literacy and numeracy in the population
Option 3: Lack of access to educational opportunities
Option 4: Government policies promoting education and healthcare
Question : The "Integrated Child Development Services (ICDS)" scheme provides:
Option 1: Free education to children in rural areas
Option 2: Skill development training for unemployed youth
Option 3: Nutrition and healthcare services to children and pregnant women
Option 4: Financial assistance for higher education to marginalized students
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.
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.
Question : The "knowledge spillover" effect refers to:
Option 1: The transfer of knowledge from one firm to another in the same industry
Option 2: The dissemination of knowledge to the general public
Option 3: The impact of education on individual earnings
Option 4: The interaction between human capital and physical capital
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