This quiz works best with JavaScript enabled. Home > Cbse > Class 11 > Commerce > Economics Indian Economic Development > Class 11 Economics (Indian Economic Development) Chapter 5 Human Capital Formation In India – Quiz 1 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Economics (Indian Economic Development) Chapter 5 Human Capital Formation In India Quiz 1 (49 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. What is the expected outcome of investing in health? A) Decreased productivity. B) Increased illness. C) Increased supply of healthy labor. D) Lower educational attainment. Show Answer Correct Answer: C) Increased supply of healthy labor. 2. ..... refers to the stock of skills and expertise of a nation at a given point of time. A) Health Capital. B) Resource Development. C) Human Capital. D) Education Capital. Show Answer Correct Answer: C) Human Capital. 3. Vaccination is a A) Preventive medicine. B) Curative medicine. C) Social medicine. D) None of the above. Show Answer Correct Answer: A) Preventive medicine. 4. Which of the following is NOT mentioned as a source of human capital formation? A) Investment in education. B) On-the-job training. C) Stock market investments. D) Health expenditure. Show Answer Correct Answer: C) Stock market investments. 5. What is the expected outcome of investing in human capital? A) Higher unemployment. B) Decreased productivity. C) Increased future income. D) Lower educational attainment. Show Answer Correct Answer: C) Increased future income. 6. What is the expected benefit of on-the-job training? A) Enhanced productivity of workers. B) Decreased job security. C) Lower wages for employees. D) Increased costs for firms. Show Answer Correct Answer: A) Enhanced productivity of workers. 7. The people who move up and down the poverty line are called A) Chronic poor. B) Occasionally poor. C) Non poor. D) Churning poor. Show Answer Correct Answer: D) Churning poor. 8. Which of the following is a characteristic of human capital? A) It is not affected by health. B) It is built through education and training. C) It is tangible. D) It can be easily sold. Show Answer Correct Answer: B) It is built through education and training. 9. What is the impact of education on economic growth? A) It has no impact. B) It reduces job opportunities. C) It enhances income-generating capacity. D) It decreases productivity. Show Answer Correct Answer: C) It enhances income-generating capacity. 10. Human Capital and Human development are: A) Opposite concepts. B) Different concepts. C) Both mean the same. D) Related concepts but certainly not identical. Show Answer Correct Answer: D) Related concepts but certainly not identical. 11. Which factors are related to expenditure on Health for Human Capital Formation A) Preventive Medicine. B) Curative Medicine. C) Social Medicine. D) All of these. Show Answer Correct Answer: D) All of these. 12. What are the sources of human capital Formation? A) Education. B) Health. C) Migration. D) Information. E) All of these. Show Answer Correct Answer: E) All of these. 13. The government decided to provide free and compulsory education for all children up to the age of? A) 16. B) 10. C) 14. D) 5. Show Answer Correct Answer: C) 14. 14. Which of the following statements is true about human capital? A) It does not affect economic growth. B) It is tangible and can be sold. C) It is only about education. D) It is intangible and inseparable from its owner. Show Answer Correct Answer: D) It is intangible and inseparable from its owner. 15. What is the primary focus of human development? A) Reducing government spending. B) Enhancing individual well-being. C) Increasing productivity. D) Maximizing profits. Show Answer Correct Answer: B) Enhancing individual well-being. 16. What is the significance of the Education Commission (1964-66) recommendation? A) To privatize all educational institutions. B) To increase education spending to 6% of GDP. C) To spend less on education. D) To eliminate public education. Show Answer Correct Answer: B) To increase education spending to 6% of GDP. 17. From which five year plan India recognised the importance of Human Capital in economic growth? A) Seventh Five Year Plan. B) First Five Year Plan. C) Fifth Five Year Flan. D) Tenth Five Year Plan. Show Answer Correct Answer: A) Seventh Five Year Plan. 18. It is ..... training when the workers are trained in the firm itself under the supervision of a skilled worker A) On the job training. B) Off the job training. C) Technical training. D) Vocational training. Show Answer Correct Answer: A) On the job training. 19. What is the relationship between education and health according to the text? A) Education improves health outcomes. B) They are unrelated. C) Health decreases educational attainment. D) Education is more important than health. Show Answer Correct Answer: A) Education improves health outcomes. 20. In how many ways can the Government calculate the education expenditure? A) 3. B) 2. C) 4. D) 1. Show Answer Correct Answer: B) 2. 21. In which year Right To Education act enacted in India? A) 2009. B) 2015. C) 2020. D) 2010. Show Answer Correct Answer: A) 2009. 22. What does human capital refer to? A) Financial investments. B) Natural resources. C) Physical resources. D) Human resources converted into skills. Show Answer Correct Answer: D) Human resources converted into skills. 23. From the following which in not a source of human capital: A) On-the job training. B) Migration. C) Investment in education. D) None of the above. Show Answer Correct Answer: D) None of the above. 24. Which of the following is a factor contributing to human capital formation? A) Reduced education spending. B) Increased taxation. C) On-the-job training. D) Decreased population. Show Answer Correct Answer: C) On-the-job training. 25. A person becomes a human Resource when he/she? A) Willing to work. B) Is able to work. C) Belongs to a particular age group. D) All of the above. Show Answer Correct Answer: D) All of the above. 26. What does the term 'migration' refer to in the context of human capital? A) Changing jobs within the same city. B) Traveling for education. C) Relocating for better job opportunities. D) Moving to a different country for leisure. Show Answer Correct Answer: C) Relocating for better job opportunities. 27. Which of the following institutes is the prime funding authority for university education? A) AICTE. B) NCERT. C) UGC. D) ICMR. Show Answer Correct Answer: C) UGC. 28. What is the significance of health in human capital formation? A) It increases the supply of healthy labor. B) It decreases educational attainment. C) It has no significance. D) It reduces productivity. Show Answer Correct Answer: A) It increases the supply of healthy labor. 29. Which of the following is not an indicator of education level? A) Years of schooling. B) Enrollment rate. C) Life expectancy. D) Teacher pupil ratio. Show Answer Correct Answer: C) Life expectancy. 30. Which medicine is related to Spreading the health literacy is a part of expenditure on health for human capital Formation? A) Social Medicine. B) Preventive Medicine. C) Curative Medicine. D) All of these. Show Answer Correct Answer: A) Social Medicine. 31. Physical Capital is A) Tangible. B) Easily Sold in the market. C) (a) and (b). D) None of the above. Show Answer Correct Answer: D) None of the above. 32. The stock of skill and expertise of nation at a point of time is called A) Human capital. B) Human development. C) Human capital formation. D) None of the above. Show Answer Correct Answer: A) Human capital. 33. Which of the following is a major source of Human Capital Formation in a Country? A) Expenditure on fertilisers. B) Expenditure on Space Research. C) Expenditure on Education. D) Expenditure on Subsidy. Show Answer Correct Answer: C) Expenditure on Education. 34. Significance of human capital was recognized in ..... five year plan A) Seventh. B) Third. C) Second. D) Fourth. Show Answer Correct Answer: A) Seventh. 35. What are accepted average calories required in India in urban areas to stay above the poverty line? A) 2200. B) 2100. C) 2300. D) 2400. Show Answer Correct Answer: B) 2100. 36. Human capital is Tangible A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 37. Which is the reason for poor human capital formation in India? A) Brain Drain. B) Rising Population. C) Insufficient job training. D) All of Above. Show Answer Correct Answer: D) All of Above. 38. BETTER INDICATOR OF ECONOMIC DEVELOPMENT IS ..... A) PER CAPITA INCOME. B) NATIONAL PRODUCTION. C) REAL PER CAPITA INCOME. D) NATIONAL INCOME. Show Answer Correct Answer: C) REAL PER CAPITA INCOME. 39. What is the primary goal of the Right of Children to Free and Compulsory Education Act? A) To privatize education. B) To reduce government spending on education. C) To increase fees in schools. D) To provide free education to all children. Show Answer Correct Answer: D) To provide free education to all children. 40. Which of the following is a form of health expenditure? A) Buying agricultural land. B) Spending on preventive medicine. C) Investment in factories. D) Purchasing technology. Show Answer Correct Answer: B) Spending on preventive medicine. 41. Which of the following is NOT a benefit of education mentioned in the text? A) Better choices in life. B) Increased physical strength. C) Better social standing. D) Higher earning capacity. Show Answer Correct Answer: B) Increased physical strength. 42. What distinguishes human capital from physical capital? A) Human capital is inseparable from its owner. B) Human capital requires no maintenance. C) Human capital is easily transferable. D) Human capital never depreciates. Show Answer Correct Answer: A) Human capital is inseparable from its owner. 43. Which of the following is an indicator of educational achievement? A) Inflation rate. B) Unemployment rate. C) Adult literacy rate. D) Population growth. Show Answer Correct Answer: C) Adult literacy rate. 44. What does the term 'human capital formation' imply? A) Decreasing the workforce. B) Investing in education and health. C) Eliminating job training programs. D) Reducing government spending. Show Answer Correct Answer: B) Investing in education and health. 45. Which of the following is a challenge in human capital formation in India? A) Low population growth. B) Access to quality education. C) Increased government funding. D) High literacy rates. Show Answer Correct Answer: B) Access to quality education. 46. Which is the low salary group from the following A) Casual labourer. B) Engineer. C) Doctor. D) Professor. Show Answer Correct Answer: A) Casual labourer. 47. According to the text, what is the relationship between human capital and economic growth? A) Inverse relationship. B) No relationship. C) Negative relationship. D) Positive relationship. Show Answer Correct Answer: D) Positive relationship. 48. Which of the following is a reason for government intervention in education? A) To ensure monopoly power. B) To provide free services to all. C) To reduce competition. D) To maintain quality standards. Show Answer Correct Answer: D) To maintain quality standards. 49. Which of the following is/are examples of physical capital? A) IT Skill. B) Creative drawing skill. C) Factory Building. D) Legal Knowledge. Show Answer Correct Answer: C) Factory Building. 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