69th BPSC Prelims (2023), question 113

📈 Economy

113. Human capital formation is better explained as a process enabling 1. accumulation of more capital 2. increasing knowledge 3. increasing skill levels 4. increasing knowledge, skill levels and capacities of people.

     1. Only 1
     2. 1 and 2
     3. 3 and 4
     4. Only 4
     Show answer

     Answer: D — Only 4

     Human capital formation is best captured by statement 4 — the comprehensive enhancement of knowledge, skills and capacities.

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