Do you need some help in preparing for your upcoming Class 12 Economics exams? We’ve compiled a list of MCQ on Human Capital Formation in India Class 12 MCQs Questions with Answers to get you started with the subject. You can download NCERT MCQ Questions for Class 12 Economics Chapter 5 Human Capital Formation in India with Answers Pdf free download, and learn how smart students prepare well ahead with MCQ Questions for Class 12 Economics with Answers.
Human Capital Formation in India Class 12 MCQs Questions with Answers
Choose the correct alternative.
Question 1.
Which of the following is not an example of physical capital?
(a) Machinery
(b) Raw material
(c) Building
(d) Education and knowledge in people
Answer
Answer: (d) Education and knowledge in people
Question 2.
________ five-year plan recognized the importance of human capital.
(a) Seventh
(b) Third
(c) Eight
(d) Sixth
Answer
Answer: (a) Seventh
Question 3.
Which one of the following is a reason for poor human capital formation in India?
(a) Brain drain
(b) Insufficient resources
(c) High growth of population
(d) All of these
Answer
Answer: (d) All of these
Question 4.
How much educational cess has been imposed by the government on all Union taxes?
(a) 1 %
(b) 2%
(c) 4%
(d) 5%
Answer
Answer: (b) 2%
Question 5.
Which one of the following is a major source of human capital formation in the country?
(a) Expenditure on education
(b) Expenditure on infrastructure
(c) Expenditure on defense
(d) Expenditure on energy
Answer
Answer: (a) Expenditure on education
Question 6.
The objective of midday meal scheme is __________
(a) to boost universalisation of primary education
(b) to boost the nutritional status of children in schools
(c) to increase enrolment attendance and retention, and also improving the nutritional status of children in school
(d) to boost universalisation of upper primary level of education
Answer
Answer: (c) to increase enrolment attendance and retention, and also improving nutritional status of children in school
Fill in the blanks with the correct word.
Question 7.
Human capital is a ________ process.
Answer
Answer: social
Question 8.
_______ is the reason for the rural-urban migration in India.
Answer
Answer: Unemployment
Question 9.
_______ capital is completely mobile between countries.
Answer
Answer: Physical
Question 10.
________ means the increase in real national income of a country.
Answer
Answer: Economic growth
Question 11.
Human capital considers education and health as a means to increase ________
Answer
Answer: productivity
Question 12.
India has the potential to become a leading _______ economy.
Answer
Answer: knowledge-based
Question 13.
______ is the prime funding authority for university education.
Answer
Answer: UGC
Question 14.
Expenditure per student in ________ education is higher than that of elementary.
Answer
Answer: tertiary
State whether the following statements are True or False.
Question 15.
Preventive medicine includes medical practices that are designed to avoid or avert diseases.
Answer
Answer: True
Question 16.
Physical capital is inseparable from its owner.
Answer
Answer: False
Question 17.
Human capital treats humans as ends in themselves.
Answer
Answer: False
Question 18.
Indian Council for Medical Research is responsible for the promotion of health and family welfare programmes.
Answer
Answer: False
Question 19.
Elementary education takes a major share of total education expenditure in India.
Answer
Answer: True
Question 20.
The level of unemployment among educated youth is the highest.
Answer
Answer: True
Question 21.
The differences in literacy rates between males and females are widening.
Answer
Answer: False
Match the alternatives given in Column II with respective terms in Column I.
Question 22.
| Column I | Column II |
| (i) Physical capital formation | (a) Social process |
| (ii) Human capital formation | (b) Spread of health literacy |
| (iii) Preventive medicine | (c) Mortality rate |
| (iv) Curative medicine | (d) Economic and technical process |
| (v) Social medicine | (e) Primary completion rate |
| (vi) Indicators of educational achievement | (f) Interventions during illness |
| (vii) Indicators of the health status of a country | (g) Vaccination |
Answer
Answer:
| Column I | Column II |
| (i) Physical capital formation | (d) Economic and technical process |
| (ii) Human capital formation | (a) Social process |
| (iii) Preventive medicine | (g) Vaccination |
| (iv) Curative medicine | (f) Interventions during illness |
| (v) Social medicine | (b) Spread of health literacy |
| (vi) Indicators of educational achievement | (e) Primary completion rate |
| (vii) Indicators of the health status of a country | (c) Mortality rate |
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