Class 12 Economics MCQ Chapter 14 Human Capital Formation in India

Class 12 Economics MCQ Chapter 14 Human Capital Formation in India Question Answer English Medium to each chapter is provided in the list so that you can easily browse through different chapters Class 12 Economics MCQ Chapter 14 Human Capital Formation in India and select need one. AHSEC Class 12 Economics Objective Type Solutions As Per AHSEC New Book Syllabus Download PDF. AHSEC Economics MCQ Class 12.

Class 12 Economics MCQ Chapter 14 Human Capital Formation in India

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Also, you can read the NCERT book online in these sections Solutions by Expert Teachers as per Central Board of Secondary Education (CBSE) Book guidelines. AHSEC Class 12 Economics Multiple Choice Solutions are part of All Subject Solutions. Here we have given AHSEC Class 12 Economics MCQ in English for All Chapters, You can practice these here.

Human Capital Formation in India

Chapter: 14

1. Human capital refers to the stock of.

(i) Machines and tools.

(ii) Skills, abilities, knowledge, and education in people.

(iii) Natural resources.

(iv) Financial assets.

Ans: (ii) Skills, abilities, knowledge, and education in people.

2. Human capital formation means.

(i) One-time purchase of machinery.

(ii) Process of adding to human capital over time.

(iii) Building more factories only.

(iv) Increasing foreign exchange reserves.

Ans: (ii) Process of adding to human capital over time.

3. Human capital is primarily as.

(i) Tangible asset.

(ii) Flow concept only.

(iii) Stock of capabilities embodied in humans.

(iv) Natural endowment.

Ans: (iii) Stock of capabilities embodied in humans.

4. Human capital and human development differ because human development treats people as.

(i) Means to production.

(ii) Ends in themselves.

(iii) Only labour inputs.

(iv) Physical assets.

Ans: (ii) Ends in themselves.

5. Physical capital is best defined as.

(i) Knowledge and skills of workers.

(ii) Produced assets used to produce other goods and services.

(iii) Mineral deposits in a country.

(iv) Government tax revenue.

Ans: (ii) Produced assets used to produce other goods and services.

6. Which is tangible.

(i) Human capital.

(ii) Social capital.

(iii) Physical capital like machines.

(iv) Knowledge.

Ans: (iii) Physical capital like machines.

7. Which is inseparable from its owner.

(i) A tractor.

(ii) A machine tool.

(iii) Human capital.

(iv) A building.

Ans: (iii) Human capital.

8. International mobility is most restricted for.

(i) Physical capital.

(ii) Human capital.

(iii) Financial capital.

(iv) Goods.

Ans: (ii) Human capital.

9. Depreciation of human capital can be mitigated mainly by.

(i) Tax cuts.

(ii) Continuous education and health investments.

(iii) Higher tariffs.

(iv) Currency appreciation.

Ans: (ii) Continuous education and health investments.

10. Human capital generates.

(i) Only private benefits.

(ii) Only public losses.

(iii) Both private and social benefits.

(iv) No measurable benefits.

Ans: (iii) Both private and social benefits.

11. Which is not a listed source of human capital formation.

(i) Expenditure on education.

(ii) Expenditure on health.

(iii) Expenditure on acquiring information.

(iv) Import of crude oil.

Ans: (iv) Import of crude oil.

12. Health expenditures include.

(i) Preventive, curative, and social medicine.

(ii) Only hospital construction.

(iii) Only doctor salaries.

(iv) Only medical insurance.

Ans: (i) Preventive, curative, and social medicine.

13. On-the-job training primarily.

(i) Reduces worker productivity.

(ii) Raises skills and efficiency.

(iii) Eliminates need for education.

(iv) Only increases costs with no returns.

Ans: (ii) Raises skills and efficiency.

14. Migration is treated as human capital investment because.

(i) It always reduces income.

(ii) Earnings gains typically exceed migration costs.

(iii) It decreases labour productivity.

(iv) It lowers information access.

Ans: (ii) Earnings gains typically exceed migration costs.

15. Spending on labour-market information helps individuals to.

(i) Avoid all education costs.

(ii) Make better choices about education and jobs.

(iii) Emigrate without documents.

(iv) Replace physical capital.

Ans: (ii) Make better choices about education and jobs.

Parimol

Hi! my Name is Parimal Roy. I have completed my Bachelor’s degree in Philosophy (B.A.) from Silapathar General College. Currently, I am working as an HR Manager at Dev Library. It is a website that provides study materials for students from Class 3 to 12, including SCERT and NCERT notes. It also offers resources for BA, B.Com, B.Sc, and Computer Science, along with postgraduate notes. Besides study materials, the website has novels, eBooks, health and finance articles, biographies, quotes, and more.