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

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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)

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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

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Question 4.
Which of the following institutes comes under the health sector?
(A) NCERT
(B) UGC
(C) AICTE
(D) ICMR

Answer

Answer: (D) ICMR

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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

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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

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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

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Question 8.
When was Right to Education Act enacted?
(A) 2008
(B) 2009
(C) 2010
(D) 2012

Answer

Answer: (B) 2009

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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

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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

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II. Fill in the blanks with the correct answer.

Question 1.
Human capital formation is a _______ process.

Answer

Answer: social

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Question 2.
Individuals invest in education with the objective of increasing their future ________

Answer

Answer: income

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Question 3.
_______ is the reason for the rural-urban migration in India.

Answer

Answer: Unemployment

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Question 4.
________ capital is completely mobile between countries.

Answer

Answer: Physical

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Question 5.
Economic growth means the ________ in real national income of a country

Answer

Answer: increase

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Question 6.
Human capital considers education and health as a means to increase _________

Answer

Answer: productivity

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Question 7.
Higher-income causes building of high level of ________ capital.

Answer

Answer: human

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Question 8.
India has the potential to become a leading _______ economy.

Answer

Answer: knowledge-based

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Question 9.
_______ is the prime funding authority for university education.

Answer

Answer: UGC

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Question 10.
Expenditure per student in _______ education is higher than that of elementary.

Answer

Answer: tertiary

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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

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Question 2.
Preventive medicine includes medical practices which are designed to avoid or avert diseases.

Answer

Answer: True

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Question 3.
Physical capital is inseparable from its owner.

Answer

Answer: False

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Question 4.
Human capital treats humans as ends in themselves.

Answer

Answer: False

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Question 5.
Higher-income leads to the development of the high level of human capital and vice-versa.

Answer

Answer: True

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Question 6.
Indian Council for Medical Research is responsible for the promotion of health and family welfare programmes.

Answer

Answer: False

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Question 7.
Improper planning for human capital formation has resulted in a shortage of manpower in the health and education sectors.

Answer

Answer: True

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Question 8.
Elementary education takes a major share of total education expenditure in India.

Answer

Answer: True

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Question 9.
The level of unemployment among educated youth is the highest.

Answer

Answer: True

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Question 10.
The differences in literacy rates between males and females are widening.

Answer

Answer: False

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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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