Migration as Human Capital Source
Expenditure on migration is a source of human capital formation because:
- Migration always reduces income
- Enhanced earnings in the new place outweigh the costs of migration — Correct Answer
- Migration has no costs
- Government pays for all migration
Explanation:
Correct Answer Explanation
Enhanced earnings in the new place outweigh the costs of migration.
Key Points:
- Costs include: transport, higher cost of living, psychic costs of strange socio-cultural setup.
- Unemployment is the reason for rural-urban migration in India.
- Engineers and doctors migrate abroad for higher salaries.
📚 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.
