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Why human capital formation is important?
“MCQ Question from CBSE 2024-2025 NCERT Social Science Class 9th Chapter 2 People as Resource helps students understand the significance of human resources in economic development This chapter highlights key aspects like education health and skill development which play a vital role in shaping a productive workforce By solving MCQ Question students can strengthen their knowledge about how a country’s population can be turned into an asset rather than a liability This chapter also emphasizes the importance of investing in human capital to ensure sustainable growth and development making it an essential topic for academic learning and exams”
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The correct answer is: (b) It adds to the productive power of the country.
Explanation: Human capital formation refers to the development of skills, knowledge, and abilities in people through education, training, and healthcare. A well-developed human capital base increases the productivity and efficiency of the workforce, leading to economic growth and national development.
While improved human capital can lead to higher living standards (option d), its primary importance lies in enhancing the productive capacity of the country.
This question related to Chapter 2 Social Science Class 9th NCERT. From the Chapter 2 People as Resource. Give answer according to your understanding.
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