You will find here Class 12 Economics MCQ Questions Human Capital Formation in India with Answers. Sarthaks eConnect has just released MCQ Questions for class 12 Economics Human Capital Formation in India with Answers. We have taken care of every single concept given in CBSE Class 12 Economics syllabus and MCQ Questions are framed as per the latest syllabus and exam pattern issued by CBSE for class 12.
We have provided Human Capital Formation in India Class 12 Economics MCQ Questions with Answers to help students understand the concept very well. MCQ Questions for Class 12 Economics Human Capital Formation in India to help you to revise the complete Syllabus and score more marks in your examinations. You can go through the questions and solutions below which will help you to get better marks in your examinations.
Practice the given Multiple Choice Questions for scoring high marks in the exam:-
1. Which of the following is not a merit of human capital formation?
(A) Improves technical knowledge
(B) Enlarges the size of business
(C) Increases cost of production
(D) Changes social outlooks
2. Which of the following is not an indicator of education level?
(A) Years of schooling
(B) Life expectancy
(C) Teacher-pupil ratio
(D) Enrollment rate
3. Which of the following institutes comes under the health sector?
(A) NCERT
(B) UGC
(C) AICTE
(D) ICMR
4. Which level of education takes a major share of total education expenditure in India?
(A) Elementary
(B) Secondary
(C) Higher
(D) Tertiary
5. What was the share of education in total government expenditure in 2014?
(A) 7.92 percent
(B) 15.7 percent
(C) 0.64 percent
(D) 3.31 percent
6. What percent of GDP was invested in education in the year 1952?
(A) 7.92 percent
(B) 11.7 percent
(C) 0.64 percent
(D) 3.31 percent
7. When was Right to Education Act enacted?
(A) 2008
(B) 2009
(C) 2010
(D) 2012
8. _____ refers to the ability of human to contribute to the process of value-addition in the economy.
a) Human capital
b) Human Resource
c) Human capital formation
d) None of these
9. Both human capital and_____ are related to each other.
a) Human resource
b) Human development
c) Human being
d) All of these
10. _____ refers to the produced means of production.
a) Human capital
b) Human development
c) Physical capital
d) Both a and c
11. Addition to the stock of capital can be done by
a) Expenditure on Education
b) Expenditure on Health
c) Study Programme for adults
d) All of these
12. Which cost is involved in Migration?
a) Transportation cost
b) Higher Living cost in different place
c) Both a and b
d) None of these
13. ___ is a much wider concept than literacy.
a) Education
b) Health
c) Income
d) None of these
14. What is the desired level of public expenditure on education as per Education Commission?
a) 7%
b) 10%
c) 6%
d) 8%
15. Problems in Human Capital Formation is
a) Low academic standards
b) Brain Drain
c) Rising population
d) All of these
16. Which of the following is not a merit of human capital formation?
(A) Improves technical knowledge
(B) Enlarges the size of business
(C) Increases cost of production
(D) Changes social outlooks
17. Match and choose the correct combination.
(i) Preventive medicine (A) medical intervention during illness
(ii) Curative medicine (B) vaccination
(iii) Social medicine (C) the spread of health literacy
(A) (i) – (B); (ii) – (A); (iii) – (C)
(B) (i) – (A); (ii) – (B); (iii) – (C)
(C) (i) – (C); (ii) – (B); (iii) – (A)
(D) (i) – (B); (ii) – (C); (iii) – (A)
18. Which of the following is not an indicator of education level?
(A) Years of schooling
(B) Life expectancy
(C) Teacher-pupil ratio
(D) Enrollment rate
19. Which of the following institutes comes under the health sector?
(A) NCERT
(B) UGC
(C) AICTE
(D) ICMR
20. Which level of education takes a major share of total education expenditure in India?
(A) Elementary
(B) Secondary
(C) Higher
(D) Tertiary
21. What was the share of education in total government expenditure in 2014?
(A) 7.92 percent
(B) 15.7 percent
(C) 0.64 percent
(D) 3.31 percent
22. What percent of GDP was invested in education in the year 1952?
(A) 7.92 percent
(B) 11.7 percent
(C) 0.64 percent
(D) 3.31 percent
23. When was Right to Education Act enacted?
(A) 2008
(B) 2009
(C) 2010
(D) 2012
24. What was the average youth literacy rate in 2015?
(A) 89.5 percent
(B) 74 percent
(C) 88 percent
(D) 95.5 percent
25. Which of the following is not the role of on-the-job training?
(A) Eradicates inequality
(B) Encourages innovation
(C) Promotes modern methods
(D) Enhances productivity
