Question Bank - Banking & Financial Services

Here's the question bank on all the banking & financial services topics.

The expenditure made on education, training and health is called :

A.
Capital formation
B.
Human capital
C.
Technical progress
D.
None of the above

Solution:

The correct answer is Human capital. Important PointsEducation investment is recognized as one of the main sources of human capital along with other sources like health, migration, on-job training, and information. Human capital refers to the capabilities, experience, and skill sets that employees bring to a business organization. Investment in education is considered one of the main sources of human capital. Sources of human capital formation:Expenditure of Education. Expenditure on health. On-the-job training. Expenditure on migration. Expenditure on the information.

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