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?

1 and 2

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2 only

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2 and 4

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1,3 and 4

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Solution

The correct option is B 2 only
Human capital formation as a concept is better explained in terms of a process, which enables increasing the knowledge, skill levels and capacities of the people of the country that is empowering the human resources with knowledge and skills.

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The correct option is B 2 onlyHuman capital formation as a concept is better explained in terms of a process, which enables increasing the knowledge, skill levels and capacities of the people of the country that is empowering the human resources with knowledge and skills.

The correct option is B 2 only
Human capital formation as a concept is better explained in terms of a process, which enables increasing the knowledge, skill levels and capacities of the people of the country that is empowering the human resources with knowledge and skills.