Human capital refers to: MCQ with Answer and Explanation

Question
Human capital refers to:
A. physical machinery used in production
B. natural resources
C. financial assets of a country
D. the stock of skills, education and health embodied in workers
Answer: Option D
Solution (By JKSSB Mock Tests)
Human capital is the stock of skills, education and health embodied in workers that enhances productivity.
This question belongs to: Economy GK Economy Set 1
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Question #1
The term 'Stagflation' refers to a situation of:
A. Low inflation and high growth
B. High inflation and high unemployment
C. High inflation and high growth
D. Low inflation and low unemployment
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Correct Answer: Option B

Explanation:
Stagflation is a combination of stagnant economic growth (or high unemployment) along with high inflation, which challenges conventional policy responses.
This question belongs to: Economy GK Economy Set 1
Question #2
The 'World Economic Forum' publishes the Global Gender Gap Report.
A. Only in alternate years
B. False
C. Only for developing countries
D. True
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Correct Answer: Option D

Explanation:
WEF publishes the Global Gender Gap Report.
This question belongs to: Economy GK Economy Set 1
Question #3
In the context of Indian banking, the term 'Priority Sector Lending' includes advances to:
A. Only export-oriented units
B. Only infrastructure projects by private companies
C. Agriculture, micro and small enterprises, education and housing
D. Only large industrial houses
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Correct Answer: Option C

Explanation:
Priority Sector Lending targets sectors such as agriculture, micro, small and medium enterprises, education, housing, social infrastructure and renewable energy.
This question belongs to: Economy GK Economy Set 1
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