Physical Capital Through Imports
Physical capital formation can be built even through imports, whereas human capital formation requires:
- Only imports
- Conscious policy formulations in consonance with society and economy — Correct Answer
- No special efforts
- Only private sector initiative
Explanation:
Correct Answer Explanation
Human capital formation requires conscious policy formulations in consonance with the nature of society and economy and expenditure by state and individuals.
Key Points:
- Physical capital: completely mobile, can be imported.
- Human capital: restricted by nationality and culture.
📚 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.
