🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books

Class 11 Economics (Indian Economic Development) Chapter 5 Human Capital Formation In India Quiz 1 (25 MCQs)

Quiz Instructions

Select an option to see the correct answer instantly.

1. What is the expected outcome of investing in health?

Correct Answer: D) Increased supply of healthy labor.

2. ..... refers to the stock of skills and expertise of a nation at a given point of time.

Correct Answer: B) Human Capital.

3. Vaccination is a

Correct Answer: A) Preventive medicine.

4. Which of the following is NOT mentioned as a source of human capital formation?

Correct Answer: A) Stock market investments.

5. What is the expected outcome of investing in human capital?

Correct Answer: D) Increased future income.

6. What is the expected benefit of on-the-job training?

Correct Answer: C) Enhanced productivity of workers.

7. The people who move up and down the poverty line are called

Correct Answer: D) Churning poor.

8. Which of the following is a characteristic of human capital?

Correct Answer: B) It is built through education and training.

9. What is the impact of education on economic growth?

Correct Answer: A) It enhances income-generating capacity.

10. Human Capital and Human development are:

Correct Answer: D) Related concepts but certainly not identical.

11. Which factors are related to expenditure on Health for Human Capital Formation

Correct Answer: D) All of these.

12. What are the sources of human capital Formation?

Correct Answer: E) All of these.

13. The government decided to provide free and compulsory education for all children up to the age of?

Correct Answer: A) 14.

14. Which of the following statements is true about human capital?

Correct Answer: D) It is intangible and inseparable from its owner.

15. What is the primary focus of human development?

Correct Answer: B) Enhancing individual well-being.

16. What is the significance of the Education Commission (1964-66) recommendation?

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?

Correct Answer: C) Seventh Five Year Plan.

18. It is ..... training when the workers are trained in the firm itself under the supervision of a skilled worker

Correct Answer: C) On the job training.

19. What is the relationship between education and health according to the text?

Correct Answer: B) Education improves health outcomes.

20. In how many ways can the Government calculate the education expenditure?

Correct Answer: C) 2.

21. In which year Right To Education act enacted in India?

Correct Answer: B) 2009.

22. What does human capital refer to?

Correct Answer: C) Human resources converted into skills.

23. From the following which in not a source of human capital:

Correct Answer: D) None of the above.

24. Which of the following is a factor contributing to human capital formation?

Correct Answer: A) On-the-job training.

25. A person becomes a human Resource when he/she?

Correct Answer: D) All of the above.

🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books