Match the following

Column I

Column II

  1. Physical Capital
  2. Fixed Capital
  3. Working Capital 
  4. Human Capital
  1. Can be used over many years
  2. Skills and productive knowledge
  3. Inputs required during production
  4. Raw material


  1. (a) – (iii), (b) – (i), (c) – (iv), (d) – (ii) 
  2. (a) – (ii), (b) – (iii), (c) – (i), (d) – (iv) 
  3. (a) – (iv), (b) – (i), (c) – (iii), (d) – (ii) 
  4. (a) – (iii), (b) – (ii), (c) – (iv), (d) – (i) 


Let’s check all the options:

  1. Physical capital matches with (iii) inputs required during production.
  2. Fixed capital matches with (i) can be used over many years .- Fixed capital includes tools, machines, buildings which can be used over many years.
  3. Working capital matches with (iv) raw material- Production requires a variety of raw materials such as the yarn used by the weaver and the clay used by the potter. Also, some money is always required during production. 
  4. Human capital matches with (ii) skills and productive knowledge.- Knowledge and enterprise to be able to put together land, labour and physical capital and produce an output. 

So, the correct answer is (a): (a) – (iii), (b) – (i), (c) – (iv), (d) – (ii)

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Davneet Singh has done his B.Tech from Indian Institute of Technology, Kanpur. He has been teaching from the past 14 years. He provides courses for Maths, Science, Social Science, Physics, Chemistry, Computer Science at Teachoo.