MCQ Questions for Class 12 Economics Chapter 5 Human Capital Formation in India with Answers
I. Choose the correct alternative.
Question 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
Answer
Answer: (C) Increases cost of production
Question 2.
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)
Answer
Answer: (A) (i) – (B); (ii) – (A); (iii) – (C)
Question 3.
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
Answer
Answer: (B) Life expectancy
Question 4.
Which of the following institutes comes under the health sector?
(A) NCERT
(B) UGC
(C) AICTE
(D) ICMR
Answer
Answer: (D) ICMR
Question 5.
Which level of education takes a major share of total education expenditure in India?
(A) Elementary
(B) Secondary
(C) Higher
(D) Tertiary
Answer
Answer: (A) Elementary
Question 6.
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
Answer
Answer: (B) 15.7 percent
Question 7.
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
Answer
Answer: (C) 0.64 percent
Question 8.
When was Right to Education Act enacted?
(A) 2008
(B) 2009
(C) 2010
(D) 2012
Answer
Answer: (B) 2009
Question 9.
What was the average youth literacy rate in 2015?
(A) 89.5 percent
(B) 74 percent
(C) 88 percent
(D) 95.5 percent
Answer
Answer: (A) 89.5 percent
Question 10.
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
Answer
Answer: (D) Enhances productivity
II. Fill in the blanks with the correct answer.
Question 1.
Human capital formation is a _______ process.
Answer
Answer: social
Question 2.
Individuals invest in education with the objective of increasing their future ________
Answer
Answer: income
Question 3.
_______ is the reason for the rural-urban migration in India.
Answer
Answer: Unemployment
Question 4.
________ capital is completely mobile between countries.
Answer
Answer: Physical
Question 5.
Economic growth means the ________ in real national income of a country
Answer
Answer: increase
Question 6.
Human capital considers education and health as a means to increase _________
Answer
Answer: productivity
Question 7.
Higher-income causes building of high level of ________ capital.
Answer
Answer: human
Question 8.
India has the potential to become a leading _______ economy.
Answer
Answer: knowledge-based
Question 9.
_______ is the prime funding authority for university education.
Answer
Answer: UGC
Question 10.
Expenditure per student in _______ education is higher than that of elementary.
Answer
Answer: tertiary
III. State whether the following statements are true or false.
Question 1.
Education and health are the two major sources of human capital in a country.
Answer
Answer: True
Question 2.
Preventive medicine includes medical practices which are designed to avoid or avert diseases.
Answer
Answer: True
Question 3.
Physical capital is inseparable from its owner.
Answer
Answer: False
Question 4.
Human capital treats humans as ends in themselves.
Answer
Answer: False
Question 5.
Higher-income leads to the development of the high level of human capital and vice-versa.
Answer
Answer: True
Question 6.
Indian Council for Medical Research is responsible for the promotion of health and family welfare programmes.
Answer
Answer: False
Question 7.
Improper planning for human capital formation has resulted in a shortage of manpower in the health and education sectors.
Answer
Answer: True
Question 8.
Elementary education takes a major share of total education expenditure in India.
Answer
Answer: True
Question 9.
The level of unemployment among educated youth is the highest.
Answer
Answer: True
Question 10.
The differences in literacy rates between males and females are widening.
Answer
Answer: False
IV. Match the following.
Question 1.
Column-I | Column-II |
1. Human capital | (A) Movement of individuals from one place to another |
2. Sources of human capital | (B) Humans are ends in themselves |
3. Migration | (C) An economic and technical process |
4. Human development | (D) Education, health, and training |
5. Physical capital | (E) Stock of knowledge and skills |
6. NCERT | (F) 1949 |
7. ICMR | (G) 1961 |
8. Preventive medicine | (H) Medical intervention during illness |
9. Curative medicine | (I) Vaccination |
10. Social medicine | (J) The spread of health literacy |
Answer
Answer:
Column-I | Column-II |
1. Human capital | (E) Stock of knowledge and skills |
2. Sources of human capital | (D) Education, health, and training |
3. Migration | (A) Movement of individuals from one place to another |
4. Human development | (B) Humans are ends in themselves |
5. Physical capital | (C) An economic and technical process |
6. NCERT | (G) 1961 |
7. ICMR | (F) 1949 |
8. Preventive medicine | (I) Vaccination |
9. Curative medicine | (H) Medical intervention during illness |
10. Social medicine | (J) The spread of health literacy |
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