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Class 11 Economics (Indian Economic Development) Chapter 5 Human Capital Formation In India Quiz 2 (25 MCQs)

Quiz Instructions

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1. What does the term 'migration' refer to in the context of human capital?

Correct Answer: A) Relocating for better job opportunities.

2. What is one of the main sources of human capital formation?

Correct Answer: D) Health.

3. Which of the following institutes is the prime funding authority for university education?

Correct Answer: C) UGC.

4. What is the significance of health in human capital formation?

Correct Answer: C) It increases the supply of healthy labor.

5. Which of the following is not an indicator of education level?

Correct Answer: C) Life expectancy.

6. Which medicine is related to Spreading the health literacy is a part of expenditure on health for human capital Formation?

Correct Answer: A) Social Medicine.

7. Physical Capital is

Correct Answer: D) None of the above.

8. The stock of skill and expertise of nation at a point of time is called

Correct Answer: A) Human capital.

9. Which of the following is a major source of Human Capital Formation in a Country?

Correct Answer: D) Expenditure on Education.

10. Significance of human capital was recognized in ..... five year plan

Correct Answer: C) Seventh.

11. What are accepted average calories required in India in urban areas to stay above the poverty line?

Correct Answer: B) 2100.

12. Human capital is Tangible

Correct Answer: B) False.

13. Which is the reason for poor human capital formation in India?

Correct Answer: D) All of Above.

14. BETTER INDICATOR OF ECONOMIC DEVELOPMENT IS .....

Correct Answer: A) REAL PER CAPITA INCOME.

15. What is the primary goal of the Right of Children to Free and Compulsory Education Act?

Correct Answer: D) To provide free education to all children.

16. Which of the following is a form of health expenditure?

Correct Answer: B) Spending on preventive medicine.

17. Which of the following is NOT a benefit of education mentioned in the text?

Correct Answer: B) Increased physical strength.

18. What distinguishes human capital from physical capital?

Correct Answer: B) Human capital is inseparable from its owner.

19. Which of the following is an indicator of educational achievement?

Correct Answer: A) Adult literacy rate.

20. What does the term 'human capital formation' imply?

Correct Answer: B) Investing in education and health.

21. Which of the following is a challenge in human capital formation in India?

Correct Answer: B) Access to quality education.

22. Which is the low salary group from the following

Correct Answer: A) Casual labourer.

23. According to the text, what is the relationship between human capital and economic growth?

Correct Answer: D) Positive relationship.

24. Which of the following is a reason for government intervention in education?

Correct Answer: D) To maintain quality standards.

25. Which of the following is/are examples of physical capital?

Correct Answer: C) Factory Building.

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