Question : Which of the following statement is true? A: High level of human capital leads to growth of income. B: Higher income leads to the development of a high level of human capital and vice-versa.
Option 1: Only A correct
Option 2: Only B correct
Option 3: Both are correct
Option 4: None of the above
Correct Answer: Both are correct
Solution : Human capital has a strong relationship with economic growth, which is why it can help boost the economy. This is due to the fact that people bring a diverse set of skills and knowledge. This relationship can be measured by the amount of money invested in people's education. Hence option c is the correct answer.
Question : Statement 1: Lower percentage of the undernourished population is an indicator of a greater degree of human development.
Statement 2: Higher value of HDI points to a higher rank and a higher level of human development as a consequence of overall growth of the economy.
Option 1: Both statements are true.
Option 2: Both statements are false.
Option 3: Statement 1 is true and Statement 2 is false.
Option 4: Statement 2 is true and Statement 1 is false.
Question : Which of the following statement are true: Statement 1: Positive outlook is brought about by human capital formation. Statement 2: Human capital formation ensures a higher participation rate.
Option 1: Both are correct
Option 2: Both are incorrect
Option 3: Statement 1 correct statement 2 incorrect
Option 4: Statement 1 incorrect statement 2 correct
Question : Statement 1: Investment in human capital reduces economic growth.
Statement 2: Investment in human capital promotes economic growth and development.
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 : What are the major sources of human capital in a country? A: Investment in education B: Investment in health
Option 3: Both of the above
Question : Which of the following are the elements of economic development? A: Physical capital B: Human capital C: Technology
Option 2: Only A and B are correct
Option 3: Only B and C are correct
Option 4: All are correct
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile