Civil Services Prep

Prelims 2019 · Economy · Question 10

In the context of any country, which one of the following would be considered as part of its social capital?

  1. The proportion of literates in the population
  2. The stock of its buildings, other infrastructure and machines
  3. The size of population in the working age group
  4. The level of mutual trust and harmony in the society

Answer

The level of mutual trust and harmony in the society

  • (a) Proportion of literates: This is mainly human capital because it reflects education and skills of people. Verdict: Incorrect.
  • (b) Stock of buildings, infrastructure and machines: This is physical/capital stock, not social capital. Verdict: Incorrect.
  • (c) Size of working-age population: This refers to demographic structure/labour force potential, not social capital. Verdict: Incorrect.
  • (d) Level of mutual trust and harmony: Social capital means networks, trust, norms and cooperation in society. Verdict: Correct.
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