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

  • question_answer
    Education is a key element of human capital theory because it is viewed as the primary means of developing knowledge and thus is a way of quantifying the quality of labour. Many studies have stressed on the essential role of education as the main factor in increasing human capital 1 and encouraging economic growth. by helping individuals acquire knowledge, opening doors to job opportunities, developing social interactions, being aware of their rights, improving health and reducing poverty.
    While India has made substantial progress in getting children enrolled in schools, this has not led to children getting quality education. There is a growing acknowledgement by public authorities and governments across India that there is a learning crisis in the country's public schools. At the same time, there is more willingness on the part of authorities to invest substantial human and financial resources in improving the quality of education.               
    —Observer Research Foundation
    ...................... is the legislative measure towards ensuring education at elementary level

    A) Education Less

    B) Right to education

    C) Both [a] and [b]

    D) None of these

    Correct Answer: B

    Solution :

    [b] Right to education


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