CBSE Class 11 Economics Human Capital Formation In India MCQs Set 02

Question: 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: c

Question: Human development is ___ of human welfare.
a) A Parameter
b) An Index
c) An Attribute
d) None of the options
Answer: b

Question: Human capital is similar to physical capital because
a) They are factors of production
b) Raise nation’s ability to produce goods and services
c) Both
d) none
Answer: c

Question: When was Right to Education Act enacted?
a) 2008
b) 2009
c) 2010
d) 2012
Answer: b

Question: SSA started in
a) 2000
b) 2004
c) 2005
d) 2006
Answer: a

Question: 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: a

Question: ______ capital is tangible and can be sold in the Market
a) Human
b) Physical
c) Service
d) None of the options
Answer: b

Question: ________ five-year plan recognized the importance of human capital.
a) Seventh
b) Third
c) Eight
d) Sixth
Answer: a

Question: First stage of education is up to
a) Class 10
b) Class 8
c) Class 9
d) Class 5
Answer: b

Question: Both human capital and_____ are related to each other.
a) Human resource
b) Human development
c) Human being
d) All of the options
Answer: b

Question: Individuals invest in education with the objective of increasing their future
a) Income
b) Friends
c) Family
d) All of the options
Answer: a

Question: Which five-year plan recognizes the importance of human capital?
a) Second
b) Fourth
c) Seventh
d) Eighth
Answer: c

Question: Human capital considers education and health as a means to increase
a) Publicity
b) Population
c) Private powers
d) Productivity
Answer: d

Question: Expenditure on health can be done in the form of : –
a) Preventive Medicine
b) Curative Medicine
c) Social Medicine
d) All of the options
Answer: d

Question: 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: c

Question: Which level of education takes a major share of total education expenditure in India?
a) Secondary
b) Elementary
c) Higher
d) Tertiary
Answer: b

Question: HDI index rates all countries on a scale of
a) 0 to 1
b) 0 to 10
c) 0 to 5
d) 1 to -1
Answer: a

Question: Expenditure per student in _______ education is higher than that of elementary.
a) Secondary
b) Primary
c) Tertiary
d) None of the options
Answer: c

Question: ____ and _____ sector needs huge investment.
a) Education
b) Health
c) Both Education and Health
d) None of the options
Answer: c

Question: Human capital is called an investment that brings which of the following?
a) Quantitative improvement in labour
b) Qualitative improvement in labour
c) Both of them
d) None of them
Answer: a

Question: Planning commission prepared a report regarding education over the next two decades named:
a) India education 2020
b) India World 2020
c) India Vision 2020
d) India Growth 2020
Answer: c

Question: As per census 2011, the literacy rate in rural India is about
a) 72%
b) 45%
c) 56%
d) 69%
Answer: d

Question: ____ is the process of acquiring and increasing the number of persons who have the skill, education and experience which are essential for the economic and political development of a country.
a) Physical capital formation
b) Human capital formation
c) Financial capital formation
d) Both Physical capital formation and Human capital formation
Answer: b

Question: Which of the following institutions guides higher education?
a) NCERT
b) IGNOU
c) UGC
d) None of the options
Answer: c

Question: The movement started by national literacy mission is
a) Education of children
b) Education literacy
c) Education for life
d) Education for all
Answer: d

Question: Source of human capital formation is
a) Expenditure on Industries
b) Expenditure on Health
c) Expenditure on Building
d) Expenditure on Textiles
Answer: b

Question: What was the average youth literacy rate in 2015?
a) 89.5 percent
b) 74 percent
c) 88 percent
d) 95.5 percent
Answer: a

Read the following statement given below and choose the correct alternative

Question:
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: a

Read the following statement given below and choose the correct alternative

Question:
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: c

Read the following statement given below and choose the correct alternative

Question:
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: c

Read the following statement given below and choose the correct alternative

Question:
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: b

Read the following statement given below and choose the correct alternative

Question:
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: c