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

  • question_answer
    Which among the following is not the source of human capital transformation?

    A) Health expenditure which directly increases the supply of labour force

    B) Expenditure on the on-the-job training which increases labour productivity

    C) Expenditure on migration in terms of better employment opportunities

    D) Expenditure on building machines and Factories

    Correct Answer: D

    Solution :

    Expenditure on building machines and factories is a form of expanding physical capital and not human capital.


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