12th Class Economics Human Capital Formation In India Question Bank MCQs - Human Capital Formation in India

  • question_answer
    Which among the following is incorrect with regard to the positive aspect of human capital formation?

    A) Improves technical knowledge

    B) Increases productivity

    C) Changes the social outlook

    D) Increases the cost of production

    Correct Answer: D

    Solution :

    Human capital increases productivity and provides alternative ways to carry out an activity. It in turn reduces the cost of production by providing more efficient ways of doing it.


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