Indian Economic Development Chapter 4 Human Capital Formation In India VBQs Set 01

1. Objective Type Questions (Remembering & Understanding based Questions)

A. Multiple Choice Questions

Choose the correct option:

Question. The stock of 'skill and expertise' of a nation at a point of time is known as:
(a) social infrastructure
(b) human capital
(c) physical capital
(d) none of the options
Answer: (b) human capital

Question. Which of the following is the problem of human capital formation in India?
(a) Brain-drain
(b) Low academic standards
(c) Rising population
(d) All of the options
Answer: (d) All of the options

Question. The ability to read and write is known as:
(a) education
(b) human capital
(c) literacy
(d) human development
Answer: (c) literacy

Question. Which of the following organisations is engaged in designing text material up to the senior secondary level?
(a) UGC
(b) AICTE
(c) ICMR
(d) NCERT
Answer: (d) NCERT

Question. The responsibility of direction and control of higher education is with:
(a) Government of India
(b) Department of Higher Education
(c) University Grants Commission
(d) none of the options
Answer: (c) University Grants Commission

Question. Who is responsible for the implementation of rules and regulations for technical education in the country?
(a) National Council of Educational Research and Training
(b) University Grants Commission
(c) All India Council of Technical Education
(d) Indian Council for Medical Research
Answer: (c) All India Council of Technical Education

Question. As per census 2011, the literacy rate in rural India is about:
(a) 74%
(b) 85%
(c) 69%
(d) 60%
Answer: (c) 69%

Question. Female literacy in India is:
(a) 75%
(b) 85%
(c) 70%
(d) 66%
Answer: (d) 66%

Question. Overall literacy rate (census 2011) in India is:
(a) 74%
(b) 56%
(c) 65%
(d) 60%
Answer: (a) 74%

Question. Human capital formation leads to:
(a) efficient utilisation of inputs
(b) increase in the stock of physical capital
(c) increase in GDP growth
(d) both (a) and (c)
Answer: (d) both (a) and (c)

Question. The process of addition to the stock of human capital over time is called:
(a) human capital addition
(b) human capital formation
(c) human capital augmentation
(d) human capital stock
Answer: (b) human capital formation

Question. Which of the following is the important way of adding to the stock of human capital?
(a) Expenditure on education
(b) Expenditure on health
(c) On-the-job training
(d) All of the options
Answer: (d) All of the options

Question. Human capital and human development are:
(a) opposite concepts
(b) different concepts
(c) both mean the same
(d) related concepts, but certainly not identical
Answer: (d) related concepts, but certainly not identical

Question. Which of the following highlight the fact that human capital formation contributes to the process of growth and development?
(a) Higher productivity of physical capital
(b) Innovative skills
(c) Both (a) and (b)
(d) None of the options
Answer: (c) Both (a) and (b)

Question. The need for government intervention in education and health arises because:
(a) these sectors need huge investments with a very high fixed expenditure
(b) it is difficult for private investors to invest under price regulation framework
(c) both (a) and (b)
(d) none of the options
Answer: (c) both (a) and (b)

Question. Education is still a challenging proposition in the country on account of which of the following?
(a) Large number of illiterates
(b) Inadequate vocationalisation of education
(c) Gender bias
(d) All of the options
Answer: (d) All of the options

B. Fill in the Blanks

Choose appropriate word and fill in the blank:

Question. Financial capital refers to paper claims against ________ capital. (natural/physical)
Answer: physical

Question. Monetary benefits of education ________ the cost of education. (exceed/are less than the)
Answer: exceed

Question. Migration ________ to human capital formation. (contributes/does not contribute)
Answer: contributes

Question. Human capital is ________ (the means to an end/an end in itself)
Answer: the means to an end

Question. ________ is responsible for the implementation of rules and regulations for technical education in the country. (All India Council of Technical Education/University Grants Commission)
Answer: All India Council of Technical Education

Question. Right to Education (RTE) Act, 2009 makes education a matter of right to all children in the age group of ________ years. (6-14/6-15)
Answer: 6-14

Question. Human capital and human development are ________ concepts. (identical/related)
Answer: related

Question. Physical capital ________ human capital. (excludes/includes)
Answer: excludes

Question. Rising population is a/an ________ to human capital formation in India. (impediment/stimulant)
Answer: impediment

Question. Stock of ________ capital measures production capacity of a nation. (financial/physical)
Answer: physical

C. True or False

State whether the following statements are True or False:

Question. Expenditure on health is an important determinant of human capital formation. (True/False)
Answer: True

Question. Gains of migration are lesser than the costs of migration. (True/False)
Answer: False

Question. Human capital formation enhances the productivity of physical capital. (True/False)
Answer: True

Question. Human capital formation generates a change in emotional and material environment of growth. (True/False)
Answer: True

Question. There is no cause and effect relationship between human capital formation and economic growth. (True/False)
Answer: False

Question. Economic growth affects the human capital formation. (True/False)
Answer: True

Question. Rising population is not such a huge roadblock in the process of human capital formation in India. (True/False)
Answer: False

Question. Ultimately human capital formation prompts the process of growth, and growth prompts the process of human capital formation. (True/False)
Answer: True

Question. National Council of Educational Research and Training (NCERT) is the regulating body for school education in the country. (True/False)
Answer: False

Question. Human capital formation causes a higher rate of participation. (True/False)
Answer: True

D. Matching/Chronological

Question. From the set of statements given in Column I and Column II, choose the correct pair of statements:
Column I:
(a) Right to Education
(b) UGC
(c) Elementary education
(d) Education
Column II:
(i) 2010
(ii) Funding Authority for University Education
(iii) Covers students from class I to class V in the age group of 6 to 11 years
(iv) Ability to read and write
Answer: (b) UGC — (ii) Funding Authority for University Education

Question. Identify the correct sequence of alternatives given in Column II by matching them with respective items in Column I:
Column I:
(a) Total Literacy Campaign
(b) Navodaya Vidyalayas
(c) Study programme for adults
(d) Kendriya Vidyalayas
Column II:
(i) Source of human capital formation
(ii) Established for the benefit of children of transferable employees
(iii) Saakshar Bharat
(iv) To impart modern education to talented students of rural areas
Answer: (a)-(iii), (b)-(iv), (c)-(i), (d)-(ii)