Five Sources of Human Capital
The sources of human capital formation include:
- Education, health, on-the-job training, migration and information — Correct Answer
- Land, labour, capital and enterprise
- Import, export, taxation and subsidies
- Agriculture, industry and services
Explanation:
Correct Answer Explanation
The five sources are: Education, Health, On-the-job training, Migration, and Information.
Key Points:
- Education is considered the main source.
- Health expenditure increases supply of healthy labour force.
- Migration involves cost of transport but enhanced earnings outweigh costs.
- Information about labour market helps efficient utilisation of human capital.
📚 About this Topic — CH-4: HUMAN CAPITAL FORMATION IN INDIA
This multiple choice question is from CH-4: HUMAN CAPITAL FORMATION IN INDIA, Indian Economic Development, NCERT Books. It has 4 options with a detailed explanation of the correct answer. Practice more MCQs from CH-4: HUMAN CAPITAL FORMATION IN INDIA to strengthen your preparation.
