Question : What is the role of human capital in economic development?

Option 1: It increases unemployment rates.

Option 2: It hinders technological progress.

Option 3: It enhances productivity and innovation.

Option 4: It reduces the demand for skilled labor.

Question : What is the role of education in human capital formation?

Option 1: It increases income inequality.

Option 2: It reduces the productivity of the workforce.

Option 3: It enhances the knowledge and skills of individuals.

Option 4: It hinders economic growth.

Question : Why is entrepreneurship development important?

Option 1: It promotes economic growth and development
 

Option 2: It provides job opportunities
   

Option 3: It fosters innovation and creativity

Option 4: All of the above

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 : It can be defined as systematic, purposeful and creative activity of identifying a need and mobilising resources to achieve it.
 

Option 1: Entrepreneurship
 

Option 2: Entrepreneurship development
 

Option 3: Entrepreneur
 

Option 4: None of the above