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GS Paper IUPSC Prelims 2018
Indian Economic Planning & Growth
Question No. 322Interactive Test Mode
00:00
+2-0.66

Q322. 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?

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?
Select the correct option below (or cross out options to eliminate)
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Official Answer Key & Detailed Solution

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Official UPSC Answer KeyUPSC Prelims 2018 • Indian Economy

Correct Answer: Option (C) — 2 and 4

Concept & Option Breakdown

Standard Reference Verified
  • Statements 2 and 4 are correct: Human capital formation refers to the process of acquiring and increasing the number of persons who have the skills, education, and experience essential for economic development. Human capital represents an accumulation of intangible wealth (skills, knowledge, expertise, and health).
  • Statements 1 and 3 are incorrect: Accumulating more financial capital or tangible physical assets (like buildings, factories, or machinery) describes physical capital formation, not human capital formation.
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Question Specifications & Syllabus Mapping

Examination & YearUPSC Civil Services Preliminary Examination 2018 (Q322)
Paper & Marking SchemeGS Paper I • 2 Marks (-0.66 Negative for incorrect response)
Syllabus Subject & TopicIndian Economy → Indian Economic Planning & Growth
Official Answer KeyOption (C) — 2 and 4

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Frequently Asked Questions — UPSC Prelims 2018 Q322

What is the official answer for UPSC Prelims 2018 GS Paper I Question 322 (Indian Economy)?

The official UPSC answer key for this 2018 Indian Economy (Indian Economic Planning & Growth) question is Option (C): "2 and 4". Correct attempts carry 2 Marks with -0.66 Negative penalty for wrong answers.

Which UPSC Prelims syllabus topic does this 2018 question belong to?

This question belongs to GS Paper I under the subject "Indian Economy" and micro-topic "Indian Economic Planning & Growth". You can explore all repeated questions from Indian Economic Planning & Growth in Acme AI's 3D Prelims PYQ Realm or practice 50 full-length and sectional tests in the APT Prelims Test Series.

How can I solve this Indian Economic Planning & Growth UPSC Prelims question using option elimination?

To solve Indian Economic Planning & Growth questions in UPSC Prelims, identify extreme modifiers, verify core NCERT conceptual definitions, and eliminate mutually contradictory statement pairs before locking your final option.

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