Human Capital Formation Process
Human capital formation is:
- Entirely an economic process
- Partly a social process and partly a conscious decision of the possessor — Correct Answer
- Entirely a government process
- Only a natural process
Explanation:
Correct Answer Explanation
Human capital formation is partly a social process and partly a conscious decision of the possessor.
Key Points:
- Children receive education from parents and society.
- Peers, educators influence decisions even at tertiary level.
- Human capital at college level depends on already formed capital at school level.
📚 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.
