Which of the following statements is/are correct? Human capital formation as a concept is better explained in terms of a process which enables

MCQ. Which of the following statements is/are correct? 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 people of the country.
  3. Accumulation of tangible wealth.
  4. Accumulation of intangible wealth.

(a) Both 1 and 2

(b) Only 2

(c) Both 2 and 4

(d) 1, 3 and 4

Answer: (c) Both 2 and 4

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