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Questions and Answers
What is the main focus of the chapter on Human Capital Formation in India?
What is the main focus of the chapter on Human Capital Formation in India?
- The impact of globalization on human capital
- The role of technology in human capital formation
- The history of human capital in India
- The concepts of Human Resource, Human Capital Formation, and Human Development (correct)
According to Alfred Marshall, why is investing in education profitable?
According to Alfred Marshall, why is investing in education profitable?
- It guarantees fame and recognition for individuals
- It directly leads to economic growth
- It provides greater opportunities for individuals to bring out their latent abilities (correct)
- It ensures immediate returns on investment
What does the text suggest about the relationship between investment in human capital and economic growth?
What does the text suggest about the relationship between investment in human capital and economic growth?
- There is a positive correlation between investment in human capital and economic growth (correct)
- There is no relationship between investment in human capital and economic growth
- Investment in human capital hinders economic growth
- Investment in human capital leads to social inequality
What is the significance of government spending on education and health according to the text?
What is the significance of government spending on education and health according to the text?
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What factor does the text propose as making a great difference in the evolution of mankind?
What factor does the text propose as making a great difference in the evolution of mankind?
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