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UPSC 2018: 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
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Not attemptedCorrect Answer: (c) 2 and 4
Human-capital formation is the process of raising the knowledge, skills and health (statement 2) that constitute an economy’s intangible productive wealth (statement 4). It is not about individuals merely accumulating physical capital (1) or tangible assets (3). Therefore only statements 2 and 4 are correct. ([edukemy.com](https://edukemy.com/blog/upsc-prelims-2018-question-49/?utm_source=openai))
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What is the correct answer to this UPSC 2018 Indian Economy question?▼
The correct answer is option (c): 2 and 4. Watch the detailed video explanation in our Sherlocking Prelims course on UnlockIAS.
Which year was this Human Development, Poverty & Employment Schemes question asked in UPSC Prelims?▼
This question was asked in UPSC CSE Prelims 2018, GS Paper 1, as Question 49. It falls under Indian Economy > Human Development, Poverty & Employment Schemes.
What is the difficulty level of this UPSC question?▼
This question is rated "moderate". It requires sound conceptual understanding of the topic.
How many UPSC Prelims questions have been asked from Human Development, Poverty & Employment Schemes?▼
UPSC has asked 61 questions from Human Development, Poverty & Employment Schemes (under Indian Economy) across multiple years. Visit the topic page to see the full list and year-wise trends.