Human Capital Formation Class 12 MCQ with Answers Economics are covered in this Article. Human Capital Formation Class 12 MCQ Test contains 49 questions. Answers to MCQs on Human Capital Formation Class 12 Economics are available after clicking on the answer.
Human Capital Formation Class 12 MCQ – Multiple choice questions
Q1. _____ 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
Answer
Answer: (b) Human resource
Q2. Both human capital and_____ are related to each other.
a) Human resource
b) Human development
c) Human being
d) All of these
Answer
Answer: (b)Human development
Q3. _____ refers to the produced means of production.
a) Human capital
b) Human development
c) Physical capital
d) Both a and c
Answer
Answer:(c)Physical capital
Q4. 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
Answer
Answer: (d)All of these
Q5. 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
Answer
Answer: (c) Both a and b
Q6. ___ is a much wider concept than literacy.
a) Education
b) Health
c) Income
d) None of these
Answer
Answer: (a)Education
Q7. What is the desired level of public expenditure on education as per Education Commission?
a) 7%
b) 10%
c) 6%
d) 8%
Answer
Answer: (c) 6%
Q8. Problems in Human Capital Formation is
a) Low academic standards
b) Brain Drain
c) Rising population
d) All of these
Answer
Answer: (d)All of these
Q9. Which organization enforces the rules and regulations regarding technical education?
a) NCERT
b) AICTE
c) ICMR
d) UGC
Answer
Answer: (b)AICTE
Q10. Education is important because
a) Expands mental horizon
b) Develops human personality
c) Helps in economic development
d) All of these
Answer
Answer: (d)All of these
Q11. Which five-year plan recognizes the importance of human capital?
a) Second
b) Fourth
c) Seventh
d) Eighth
Answer
Answer: (c)Seventh
Q12. Which sector is the back bone of Indian economy?
a) Primary
b) Secondary
c) Tertiary
d) All of these
Answer
Answer: (a)Primary
Q13.Which institution is the primary funding authority for universities?
a) NCERT
b) AICTE
c) ICMR
d) UGC
Answer
Answer: (d)UGC
Q14. Expenditure on health can be done in the form of : –
a) Preventive Medicine
b) Curative Medicine
c) Social Medicine
d) All of these
Answer
Answer: (d)All of these
Q15. Which organization enforces the rules and regulations relating to education and research in health?
a) NCERT
b) AICTE
c) ICMR
d) UGC
Answer
Answer: (c)ICMR
Q16. There is a growing trend towards ____ of education, which makes it expensive for poor people.
a) Socialization
b) Privatization
c) Both a and b
d) None of these
Answer
Answer: (b)Privatization
Q17.The enrolment ratio of female students in schools is ____and their drop- out ratio is____
a) High, Less
b) Less, High
c) Less, Less
d) None of these
Answer
Answer: (b)Less, High
Q18. ____ and _____ sector needs huge investment.
a) Education
b) Health
c) Both a and b
d) None of these
Answer
Answer: (c)Both a and b
Q19 ____ capital is tangible and can be sold in the market.
a) Human
b) Physical
c) Service
d) None of these
Answer
Answer: (b) Physical
Q20. _____ of human capital, refers to the ways of adding to the stock of capital.
a) Sources
b) Determinants of physical capital
c) Both a and b
d) None of these
Answer
Answer: (a)Sources
Q21. _____ on health makes human more efficient and productive.
a) Expenditure
b) Investment
c) Both a and b
d) None of these
Answer
Answer: (c)Both a and b
Q22.Institutions providing elementary education have increased _____times.
a) Three
b) Two
c) Four
d) Five
Answer
Answer: (d) Five
Q23. India harbors the_____number of illiterates in the world.
a) Largest
b) Lowest
c) Average
d) None of these
Answer
Answer: (a)Largest
Q24.Human development is ___ of human welfare.
a) A Parameter
b) An Index
c) An Attribute
d) None of these
Answer
Answer: (b) Index
Q25.Expenditure on health makes a person more efficient and productive.
a) True
b) False
Answer
Answer: (a)True
Human Capital Formation Class 12 MCQ with Answers
26.________ refers to man made means of production which are required for further production. ( Fill in the blank with correct option)
a)Human Capital
b)Physical capital
c)Financial capital
d)None of the above
Answer
Answer: B
27.________ creates public and private benefits. ( Fill in the blank with correct alternative)
a)Human Capital
b)Physical capital
c)Both (a) and (b)
d)None of the above
Answer
Answer: A
28._______ is a regulating authority of the education sector in India. ( Fill in the blank with correct alternative)
a)ICMR
b)Sarva Siksha abhiyan
c)Kendra Vidhalaya
d)University grants commission
Answer
Answer: D
29. Human capital considers _______as means to increase labour productivity. ( Fill in the blank with correct alternative)
a) Education
b) Health
c) Migration
d) Both (a) and (b)
Answer
Answer: D
30. Human capital treats human being as_____(Fill in the blank with correct alternative)
a) Separable elements
b) Intangible elements
c) Means to end
d) As ends
Answer
Answer: C
31. ________ is based on the idea that education and health are integral to human beings. ( Fill in the blank with correct option)
a) Human capital
b) Human development
c) Human capital formation
d) None of the above
Answer
Answer: B
32. Read the following statement given below and choose the correct alternative
Statement 1- Causality between human capital and economic growth flows in either direction.
Statement 2- Only employed people have the right to get education and lead a healthy life
a) Both are correct
b) Both are incorrect
c) Statement 1 is correct and statement 2 is incorrect
d) Statement 1 is incorrect and statement 2 is correct
Answer
Answer: C
Human Capital Formation Class 12 MCQ with Answers
33. Read the following statement given below and choose the correct alternative
Statement 1- Education and health causes private benefits.
Statement 2- AICTE is the regulatory body for medical studies .
a) Both are correct
b) Both are incorrect
c) Statement 1 is correct and statement 2 is incorrect
d) Statement 1 is incorrect and statement 2 is correct
Answer
Answer: C
34. Read the following statement given below and choose the correct alternative
Statement 1- Percentage of education expenditure of total government expenditure indicates how much of people’s income is committed to education in a country
Statement 2- Percentage of educational expenditure of GDP shows the importance of education in the government’s scheme.
a) Both are correct
b) Both are incorrect
c) Statement 1 is correct and statement 2 is incorrect
d) Statement 1 is incorrect and statement 2 is correct
Answer
Answer: B
35. Read the following statement given below and choose the correct alternative
Statement 1- Migration involves cost of transportation and high cost of living
Statement 2- Education is the process of teaching, training and learning to improve knowledge
a) Both are correct
b) Both are incorrect
c) Statement 1 is correct and statement 2 is incorrect
d) Statement 1 is incorrect and statement 2 is correct
Answer
Answer: A
36. Read the following statement given below and choose the correct alternative
Statement 1- On the job training helps workers to acquire new specialized skills
Statement 2- On the job training takes place in the firm itself
a) Both are correct
b) Both are incorrect
c) Statement 1 is correct and statement 2 is incorrect
d) Statement 1 is incorrect and statement 2 is correct
Answer
Answer: C
37. Read the following statement given below and choose the correct alternative
Statement 1- The expenditure on education and health make short term impact
Statement 2- The expenditure on education and health can be reversed
a) Both are correct
b) Both are incorrect
c) Statement 1 is correct and statement 2 is incorrect
d) Statement 1 is incorrect and statement 2 is correct
Answer
Answer: B
38. Read the following statement given below and choose the correct alternative
Statement 1- In India , there is gender biases in offering education to all
Statement 2- After 1991 reforms, there has been growing tendency towards privatisation of education
a) Both are correct
b) Both are incorrect
c) Statement 1 is correct and statement 2 is incorrect
d) Statement 1 is incorrect and statement 2 is correct
Answer
Answer: A
Human Capital Formation Class 12 MCQ with Answers
39. Choose the correctly matched pair from the following
| Column A | Column B |
| A. Sarva sikhana abhiyan | 1. Tool for building knowledge based society |
| B. Mid day meal program | 2. 2001 |
| C. NCERT | 3. Program to achieve universalisation of primary education |
| D. Higher education | 4. Apex organization to provide academic and financial support |
a) A-2
b) B-4
c) C-1
d) D-3
Answer
Answer: A
40. Choose the correctly matched pair from the following
| Column A | Column B |
| A. Completely mobile capital | 1. Human capital |
| B. Intangible capital | 2. Physical capital |
| C. Consider education as mean to increase productivity | 3. Human development |
| D. Education and health are integral to human being | 4. Human capital |
a) A-4
b) B-2
c) C-1
d) D-3
Answer
Answer: D
41. Read the following statement given below and choose the correct alternative
Assertion (A)- Education for all is still a distant dream in India
Reason (R )- Government withdraws its resources from the education sector whenever it wants
a) Both assertion and reason are true. Reason is the correct explanation of assertion
b) Both assertion and reason are true. Reason is not the correct explanation of assertion
c) Assertion is true but reason is not
d) Reason is true but assertion is not
Answer
Answer: C
42. Read the following statement given below and choose the correct alternative
Assertion (A)- The differences in literacy rate of males and females is narrowing.
Reason (R )- Education for women needs to be promoted further more.
a) Both assertion and reason are true. Reason is the correct explanation of assertion
b) Both assertion and reason are true. Reason is not the correct explanation of assertion
c) Assertion is true but reason is not
d) Reason is true but assertion is not
Answer
Answer: B
43. Read the following statement given below and choose the correct alternative
Assertion (A)- The Indian education pyramid is steep
Reason (R )- Lesser number of people reach the higher education level
a) Both assertion and reason are true. Reason is the correct explanation of assertion
b) Both assertion and reason are true. Reason is not the correct explanation of assertion
c) Assertion is true but reason is not
d) Reason is true but assertion is not.
Answer
Answer: A
44. Read the following statement given below and choose the correct alternative
Assertion (A)- Physical capital is tangible and can easily be sold in the market.
Reason (R )- Human capital is intangible
a) Both assertion and reason are true. Reason is the correct explanation of assertion
b) Both assertion and reason are true. Reason is not the correct explanation of assertion
c) Assertion is true but reason is not
d) Reason is true but assertion is not
Answer
Answer: B
Human Capital Formation Class 12 MCQ
Read the text given below and answer the questions that follow.
India perceived the significance of human capital in economic growth quite a while in the past. The Seventh Five Year Plan says, ‘HR improvement has essentially to be relegated to a critical job in any advancement procedure, especially in a country with an enormous populace’.
The accompanying focuses show unmistakably the reliance among the two
Higher Productivity of Physical Capital and Human capital builds efficiency of actual capital as specific and gifted specialists can deal with machines or procedures better than the incompetent works. This expanded usefulness and subsequent creation prompts economic growth.
Imaginative Skills : Human capital works with advancement of new strategies for creation and this increments the pace of financial development as expansion in GDP.
Higher Rate of Participation and Equality: Human capital arrangement prompts a higher work rate. With expansion in work, the usefulness rises. Likewise, expansion in work openings additionally expands the degree of pay and this aids in lessening disparities of abundance.
Both, expansion in work rate and lessening in pay imbalances are pointers of economic development
Brings Positive Outlook: The course of human resources arrangement acquire an inspirational perspective to the general public which is not the same as universal and customary perspectives, and consequently builds the pace of support in the labor force causes expansion in degree of creation
45. Read the following statement given below and choose the correct alternative
Statement 1- Human capital formation brings positive outlook
Statement 2- Human capital formation ensures higher rate of participation and equality
a) Both are correct
b) Both are incorrect
c) Statement 1 is correct and statement 2 is incorrect
d) Statement 1 is incorrect and statement 2 is correct
Answer
Answer: A
46. ________builds efficiency of actual capital ( Fill in the blank with correct alternative)
a) Human capital
b) Physical capital
c) Both (a) and (b)
d) None of the above
Answer
Answer: C
47. Which of the following are pointers of economic development
a) Expansion in work rate
b) Decrease in pay imbalances
c) Human capital formation
d) Both (a) and (b)
Answer
Answer: D
48. ________incurs imaginative skills in a person.( Fill in the blank with correct option)
a) Economic growth
b) Human capital
c) Physical capital
d) Human capital formation
Answer
Answer: B
49. Under which five year plan , importance was given to human capital formation (choose the correct alternative)
a) Seventh
b) Sixth
c) Fifth
d) Fourth
Answer
Answer: A
CBSE Class 12 Economics Term 1 MCQ Based Questions
Part A: Introductory Macroeconomics
- Money and Banking Class 12 MCQs – 6 Marks
- Government Budget and the Economy – 6 Marks
- Balance of Payments Class 12 MCQs – 6 Marks
- Foreign Exchange Rate MCQs
Part B: Indian Economic Development
Development Experience (1947-90) and Economic Reforms since 1991:- 12 Marks
- Indian Economy on the eve of Independence MCQs
- Indian Economy (1950-90) MCQs
- Economic Reforms since 1991 MCQs
Current challenges facing Indian Economy – 10 Marks
- Poverty MCQs
- Human Capital Formation MCQs
- Rural development MCQs
Frequently Asked Questions on Human Capital Formation Class 12 MCQ
1. Are these MCQ’s on Human Capital Formation Class 12 Economics are based on 2021-22 CBSE Pattern ?
Yes . There are 49 MCQ’s on this Chapter in this blog.
2. Are you giving all the chapters of Economics Class 12 which are given in CBSE syllabus for 2021-22 ?
Yes, we have provide total of 400+ MCQ from all chapters.