BPSC – Combined Competitive Examination · Question 114
Human capital formation as a concept is better explained as a process which enables: 1. individuals of a country to accumulate more capital 2. increasing knowledge 3. increasing skill levels 4. increasing the knowledge, skill levels and capacities of the people of the country
Show answer & explanation
Answer: (D) Only 4
Explanation
NCERT defines human capital formation as increasing the knowledge, skill levels and capacities of a country's people.
- (A) Incorrect
Wrong: accumulating capital is physical, not human, capital.
- (B) Incorrect
Wrong: incomplete and partly wrong.
- (C) Incorrect
Wrong: 4 alone is the complete definition.
- (D) Correct
Correct: human capital formation means raising people's knowledge, skills and capacities.