MP Board · Class 11 · Economics · Human Capital Formation in IndiaWhat is the primary objective of health expenditure as a source of human capital?
Step-by-Step Solution
The primary objective of health expenditure is to maintain and improve the physical capacity and efficiency of workers, which prevents loss of productivity due to illness and absenteeism.
Detailed Options Breakdown
Option : To increase entertainment options
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Human Capital Formation in India.
Option 1: To increase physical and mental efficiency of workers (Correct Answer)
Correct choice. Refer to the step-by-step verified solution guidelines above for details.
Option 2: To promote foreign tourism
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Human Capital Formation in India.
Option 3: To reduce government expenditure
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Human Capital Formation in India.
💡 Study Guide: This question tests core syllabus concepts from Human Capital Formation in India. For formulas, key summaries, and mock exam reference guides, read the full Human Capital Formation in India Revision Notes.