Q. Consider the following statements:
  1. Human Resource is related only to the mental and physical abilities of the people.
  2. It is the skills of humans that help in transferring the physical material into a valuable resource.
Which of the above is / are correct?

Answer: Only 2
Notes: Human Resource refers to the number (quantity) and abilities (mental and physical) of the people. Though, there are differing views regarding treatment of humans as a resource, one cannot deny the fact that it is the skills of human that help in transferring the physical material into a valuable resource.