Prelims 2018 · Q49
Consider the following statements:
Human capital formation as a concept is better explained in terms of a process which enables
- 1.individuals of a country to accumulate more capital.
- 2.increasing the knowledge, skill levels and capacities of the people of the country.
- 3.accumulation of tangible wealth.
- 4.accumulation of intangible wealth.
Which of the statements given above is/are correct?
- (a)1 and 2
- (b)2 only
- (c)2 and 4
- (d)1, 3 and 4
Show answer
UPSC's answer: (c)
NCERT answers it: Class 11 Indian Economic Development, Ch 4 (Human Capital Formation in India); Class 8 Exploring Society: India and Beyond (Part 1), Ch 7 (Factors of Production).
Indian Economic Development (ch 4): physical capital is tangible, human capital is intangible. Exploring Society, Class 8 Part 1 (ch 7): human capital means skills, knowledge and abilities. So 2 and 4: (c).
Hindi version: UPSC's official question paper (2018), question 49 ↗