The 'Human Capital Formation' includes investment in: MCQ with Answer and Explanation

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The 'Human Capital Formation' includes investment in:

A. financial assets

B. machinery

C. education, health and training

D. physical infrastructure only

Answer: Option C

Solution (By JKSSB Mock Tests)

Human capital formation involves education, health and training investments.

This question belongs to: Economy GK Economy Set 1

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Question #1

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Which of the following is a characteristic of the 'Attention Economy' business models of many digital platforms?

A. They never use advertising

B. They always charge users high monetary prices

C. They only sell physical products

D. They often provide services free of monetary charge and monetise user attention and data through advertising

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Correct Answer: Option D

Explanation:
Many digital platforms operate on a 'free' model in which users pay with their attention and personal data, which are then monetised primarily through targeted advertising.

This question belongs to: Economy GK Economy Set 1

Question #2

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According to the law of diminishing marginal utility, as a consumer increases consumption of a commodity, the marginal utility derived from each additional unit:

A. increases continuously

B. first declines then increases

C. eventually declines

D. remains constant

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Correct Answer: Option C

Explanation:
The law of diminishing marginal utility states that as more units are consumed, the additional satisfaction from each extra unit eventually decreases.

This question belongs to: Economy GK Economy Set 1