✓ Board-verified
Economics · 2024 · 4 marks
CBSE 2024 · Region 2 · Set 2 · Q32
Discuss any two benefits accruing from human capital formation.
Discuss any two benefits accruing from human capital formation.
Marking-scheme solution
The benefits accruing from human capital formation are:
• Investment in human capital formation enhances efficiency, skill, and capabilities contributing to higher productivity which in turn leads to economic growth.
• Healthy and educated people may provide an uninterrupted labour supply for a long period. Thereby, increasing the income which may improve the quality of life.
All Human Capital Formation in India questions2024 question paperPractice Human Capital Formation in India →
More from Human Capital Formation in India
- 'Women's health in India has become a matter of great concern.' Defend or refute the given statement with valid argument.2022
- ‘Skill India’ programme launched by the Government is not an attempt to increase in India. (Choose the correct alternative to fill up the blank)2023
- Read the following text carefully: To ensure inclusive and quality education for all, the Indian government has launched several important schemes.…2026
- “In India, National Education Policy 2020 has stressed a lot on in-service training of the teachers.” (i) Identify the source of Human Capital…2024
- The steep Indian education pyramid indicates. (Choose the correct option to fill in the blank)2026
- 'Health is a yardstick of human well-being.' Justify the given statement with valid explanation.2022
- “There exists a positive correlation between human capital formation and economic growth of a nation.” Justify the given statement with valid…2024
- Read the following statements carefully: Statement 1: Human development is based on the idea that education and health are integral to human…2024
CBSE Class 12 Economics past-paper question from the 2024 board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.