MCQ Questions for Class 12 Economics Chapter 5 Human Capital Formation in India with Answers

Are you guys looking for NCERT MCQ Questions for Class 12 Economics with Answers PDF Free Download as per CBSE new exam pattern ? You came to the right page. This may assist you to understand and check your knowledge about the chapters. Students also can take a free test of the Multiple Choice Questions of Class 12 Economics. Each question has four options followed by the right answer. These MCQ Questions are selected supported by the newest exam pattern as announced by CBSE.

Q1. 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

(C) Increases cost of production

Q2. 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)

(A) (i) – (B); (ii) – (A); (iii) – (C)

Q3. 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

(B) Life expectancy

Q4. Which of the following institutes comes under the health sector?



Q5. Which level of education takes a major share of total education expenditure in India?

(A) Elementary
(B) Secondary
(C) Higher
(D) Tertiary

(A) Elementary

Q6. 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

(B) 15.7 percent

Q7. 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

(C) 0.64 percent

Q8. When was Right to Education Act enacted?

(A) 2008
(B) 2009
(C) 2010
(D) 2012

(B) 2009

Q9. What was the average youth literacy rate in 2015?

(A) 89.5 percent
(B) 74 percent
(C) 88 percent
(D) 95.5 percent

(A) 89.5 percent

Q10. 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

(D) Enhances productivity

Q11. Human capital formation is a _ process.


Q12. Individuals invest in education with the objective of increasing their future __


Q13. _ is the reason for the rural-urban migration in India.


Q14. __ capital is completely mobile between countries.


Q15. Economic growth means the __ in real national income of a country


Q16. Human capital considers education and health as a means to increase ___


Q17. Higher-income causes building of high level of __ capital.


Q18. India has the potential to become a leading _ economy.


Q19. _ is the prime funding authority for university education.


Q20. Expenditure per student in _ education is higher than that of elementary.


Q21. Education and health are the two major sources of human capital in a country.


Q22. Preventive medicine includes medical practices which are designed to avoid or avert diseases.


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