CBSE Class 11 Economics Human Capital Formation In India MCQs Set 03

Question. Which programme started in 1994
a) District Primary Education Programme
b) Kasturba Gandhi Balika Vidyalaya
c) Sarva Siksha Abhiyan
d) Mid-day meal

Answer: A

Question. Machines and buildings are
a) Human capital
b) Natural capital
c) Physical capital
d) None of the options

Answer: D

Question. How much educational cess has been imposed by the government on all Union taxes?
a) 1 %
b) 2%
c) 4%
d) 5%

Answer: B

Question. 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: B

Question. _______ is a regulating authority of the education sector in India.
a) ICMR
b) Sarva Siksha abhiyan
c) Kendra Vidhalaya
d) University grants commission

Answer: D

Question. Which of the following is not the feature of India Vision 2020 Report
a) 90% of literacy in India
b) If we double the investments in education it will increase the country’s GDP per capita by four times
c) 100 % enrolment of all children of age group 6-14 years
d) Importance of technical education

Answer: A

Question. According to India Vision report 2020, _____ percent literate India is paramount importance to realise the vision for the country in 2020
a) 100.0
b) 80
c) 75
d) 60

Answer: A

Question. The norm AICTE stands for:
a) All India Council for Technology Education
b) All India Council for Technical Education
c) All India Commission for Technology Education
d) All India Commission for Technical Education

Answer: B

Question. 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: B

Question. To provide the educational facilities to the children of transferable central government employees _____ were established
a) Navodaya Vidayalas
b) Kendriya Vidyalayas
c) Both
d) None of the options

Answer: B

Question. Human capital is investment that brings
a) Quantitative improvement in labour
b) Qualitative improvement in labour
c) Both
d) None of the options

Answer: B

Question. ICMR regulate the
a) Banking sector
b) Education sector
c) Health Sector
d) Tourism Sector

Answer: C

Question. _____ on health makes human more efficient and productive.
a) Expenditure
b) Investment
c) Both a and b
d) None of the options

Answer: C

Question. Under which five year plan , importance was given to human capital formation
a) Seventh
b) Sixth
c) Fifth
d) Fourth

Answer: A

Question. A major problem faced by the human capital formation in India is
a) Rising population
b) Developed technology
c) Rising prices
d) Devaluation of currency

Answer: A

Question. Problems in Human Capital Formation is
a) Low academic standards
b) Brain Drain
c) Rising population
d) All of the options

Answer: D

Question. Which of the following are indicators of HDI are
a) Longevity
b) Educational attainment
c) Standard of living
d) All of the options

Answer: D

Question. In 1950-51 India literacy rate was
a) 0.16
b) 0.12
c) 0.15
d) 0.18

Answer: D

Question. Which of the following institutes comes under the health sector?
a) NCERT
b) UGC
c) AICTE
d) ICMR

Answer: D

Question. Stocks/shares of the companies are known as:
a) Human Capital
b) Physical Capital
c) Financial Capital
d) None of the options

Answer: C

Question. Which cost is involved in Migration?
a) Transportation cost
b) Higher Living cost in different place
c) Both a and b
d) None of the options of these

Answer: C

Question. People of which age group are treated as productive labour force
a) 60-70
b) 15-60
c) 15-35
d) 0-6

Answer: B

Question. Educational attainment is measured by the two-third weighted average of the _____and one-third weight ______
a) adult literacy rate, mean years of schooling
b) adult literacy rate, mean years of secondary schooling
c) literacy rate, mean years of primary schooling
d) adult gross literacy rate, mean years of schooling

Answer: A

Question. 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: C

Question. ________ is based on the idea that education and health are integral to human beings.
a) Human capital
b) Human development
c) Human capital formation
d) None of the options

Answer: B

Question. ________builds efficiency of actual capital
a) Human capital
b) Physical capital
c) Both a) and (b)
d) None of the options

Answer: C

Question. By 2005 , 1% of the world population in the age group 15-49 was affected by
a) Cough
b) Diarrhoea
c) HIV/AIDS
d) Cholera

Answer: C

Question. In how many stages of education are there in India
a) 1
b) 2
c) 3.0
d) 4

Answer: C

Question. A person becomes a human resource when he/she
a) Belongs to particular age group
b) Is willing to work
c) Is able to work
d) All of the options

Answer: D

Question. Role of human capital formation in economic growth
a) Raises life expectancy
b) Improves quality of life
c) Innovative skills
d) All of the options

Answer: D

Question. 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: D

I. Choose the correct alternative.

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. 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: (a)

Question. 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: (b)

Question. Which of the following institutes comes under the health sector?
(a) NCERT
(b) UGC
(c) AICTE
(d) ICMR
Answer: (d)

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

Question. 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: (b)

Question. 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: (c)

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

Question. 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: (d)

II. Fill in the blanks with the correct answer.

Question. Human capital formation is a _______ process.
Answer: social

Question. Individuals invest in education with the objective of increasing their future ________
Answer: income

Question. _______ is the reason for the rural-urban migration in India.
Answer: Unemployment

Question. ________ capital is completely mobile between countries.
Answer: Physical

Question. Economic growth means the ________ in real national income of a country
Answer: increase

Question. Human capital considers education and health as a means to increase _________
Answer: productivity

Question. Higher-income causes building of high level of ________ capital.
Answer: human

Question. India has the potential to become a leading _______ economy.
Answer: knowledge-based

Question. _______ is the prime funding authority for university education.
Answer: UGC

Question. Expenditure per student in _______ education is higher than that of elementary.
Answer: tertiary

III. State whether the following statements are true or false.

Question. Education and health are the two major sources of human capital in a country.
Answer: True

Question. Preventive medicine includes medical practices which are designed to avoid or avert diseases.
Answer: True

Question. Physical capital is inseparable from its owner.
Answer: False

Question. Human capital treats humans as ends in themselves.
Answer: False

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

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

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

Question. Elementary education takes a major share of total education expenditure in India.
Answer: True

Question. The level of unemployment among educated youth is the highest.
Answer: True

Question. The differences in literacy rates between males and females are widening.
Answer: False

IV. Match the following.

Question. Match the following items:
Column-I
1. Human capital
2. Sources of human capital
3. Migration
4. Human development
5. Physical capital
6. NCERT
7. ICMR
8. Preventive medicine
9. Curative medicine
10. Social medicine

Column-II
(A) Movement of individuals from one place to another
(B) Humans are ends in themselves
(C) An economic and technical process
(D) Education, health, and training
(E) Stock of knowledge and skills
(F) 1949
(G) 1961
(H) Medical intervention during illness
(I) Vaccination
(J) The spread of health literacy
Answer:
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