Q. What should be the most appropriate role of the government in developing human capital formation in India?
Answer: Government should ensure that the private providers of these services adhere to the standards stipulated by the government and charge the correct price.
Notes: Education and health care services create both private and social benefits and this is the reason for the existence of both private and public institutions in the education and health service markets. However, the role of government in this situation is to ensure that the private providers of these services adhere to the standards stipulated by the government and charge the correct price.

This question is part of 40000+ General Studies MCQ Series Course on GKToday Android app. Question Number: 84 in General Studies Mock Test - 2 in above course in App.