“HUMAN CAPITAL FORMATION” LESSON-5
INDIAN ECONOMIC DEVELOPMENT CLASS-12
HUMAN CAPITAL FORMATION
HUMAN CAPITAL FORMATION
Q1. We need good – to produce other human capital
A. Human capital
B. Physical capital
C. Social capital
D. None
Ans. A
Explanation:- Good human capital produces other human capital. Hence
,A is the correct option.
Q2.Sources of human capital are :-
A. Investment in health
B. Investment in education
C. On the job training
D. All of the above
Ans: D
Explanation:- Sources of human capital are investment in health,
education, on the job training, migration & information. Hence, D is the
correct option.
Q3. What is the reason for rural-urban migration in India?
A. Marriage
B. Disease
C. Unemployment
D. None
Ans. C
Explanation:-Unemployment is the reason for rural-urban migration in
India.Hence, C is the correct option.
Q4. Which one is not the part of human capital?
A. Doctors
B. Engineers
C. Unskilled labour
D. Tax consultants
Ans. C
Explanation:- Human capital includes the people who have skills &
education .Hence, C is the correct option.
Q5.Which five year plan assigned human capital a key role in country’s
development?
A. First
B. Seventh
C. Fifth
D. Tenth
Ans. B
Explanation:-Seventh five year plan assigned human capital a key role
in human’s development. Hence, B is the correct option.
Q6. Whose report state that if India make a shift to knowledge economy &
uses its knowledge as much as Ireland then the per capita income of India
will increase from $1000 in 2002 to $3000 in 2020?
A. World bank
B. IMF
C. UNO
D. UNESCO
Ans. A
Explanation:- World Bank in its report ‘India & the knowledge economy ‘
state that if India make a shift to knowledge economy & uses its knowledge
as much as Ireland then the per capita income of India will increase from
$1000 in 2002 to $3000 in 2020 . Hence, A is the correct option.
Q7. – considers education & health as a means to increase labour
productivity?
A. Human capital
B. Human development
C. Physical capital
D. A&B Both
Ans. A
Explanation:- Human capital considers education & health as a means
to increase labour productivity. Hence, A is the correct option.
Q8. – is based on the idea that education & health are integral to human well
being
A. Human capital
B. Physical capital
C. Human development
D. None
Ans. C
Explanation:-Human development is based on the idea that education &
health are integral to human well being because when people have the
ability to read & write & live a long healthy life they will be able to make
other choices. Hence, C is the correct option.
Q9. Which organisations facilitate institutions which come under
education sector?
A. National Council of Educational Research & Training
B. University Grants Commission
C. All India Council of technical education
D. All of the above
Ans. D
Explanation:- NCERT, UGC,AICTE facilitate institutions under education
sector. Hence, D is the correct option.
Q10. – facilitate institution which come under health sector?
A. NCERT
B. UGC
C. ICMR
D. None
Ans. C
Explanation:- Indian Council of Medical Research facilitate institutions
which come under health sector. Hence , C is the correct option.
HUMAN CAPITAL FORMATION
Q11. Expenditure by government is measured in what ways?
A. As a percentage of total govt. expenditure
B. As a percentage of Gross Domestic Product
C. A&B Both
D. None
Ans. C
Explanation:- Expenditure by govt. is measured in two ways first as a
percentage of total govt. expenditure and second as a percentage of
GDP . Hence , C is the correct option.
Q12. – takes a major share of total education expenditure
A. Elementary education
B. Tertiary education
C. Secondary education
D. A & B both
Ans. A
Explanation:- Elementary education takes a major share of total
education expenditure in India & expenditure on tertiary education is
the least. Hence, A is the correct option.
Q13. In which state the per capita expenditure on elementary
education is highest?
A. Maharashtra
B. Kerala
C. Karnataka
D. Himachal Pradesh
Ans . D
Explanation:- In Himachal Pradesh per capita expenditure on
elementary education is highest of Rs. 34,651 . Hence, D is the correct
option.
Q14. In which state the per capita expenditure on elementary
education is lowest ?
A. West Bengal
B. Himachal Pradesh
C. Bihar
D. Sikkim
Ans .C
Explanation:- In Bihar per capita expenditure on elementary education
is lowest of Rs.4088 . Hence, C is the correct option.
Q15. –recommended that at least 6 % of GDP should be spent on
education?
A. Education Commission 1964-66
B. Literacy Commission 1985
C. Tapas Majumdar Committee
D. C. Rangarajan Committee
Ans. A
Explanation:- Education commission recommended that at least 6% of
GDP should be spent on education. Hence, A is the correct option.
Q16. Which committee estimated Rs1.37 lakh crore over 10 years to bring all
Indian children (6-14 years) under the purview of school education?
A. TN Sheshan Committee
B. Education Committee
C. C. Rangarajan Committee
D. Tapas Majumdar Committee
Ans. D
Explanation:- Tapas Majumdar committee estimated 1.37 lakh crore to bring
all children (6-14) under education. Hence D, is the correct option.
Q17. How much India spend on education?
A. 2% Of GDP
B. 4% of GDP
C. 6% of GDP
D. 5% Of GDP
Ans. B
Explanation:-India spend around 4% of GDP on education . Hence, B is
the correct option.
Q18. In which year Government of India enacted Right to Education
Act?
A. 2002
B. 2009
C. 2007
D. 2011
Ans. B
Explanation:-Government of India enacted Right to Education in 2009
to make free education a fundamental right of all children (6-14 years).
Hence, B is the correct option.
Q19. Educational achievements are indicated in terms of which of the
following?
A. Adult literacy rate
B. Primary education completion rate
C. Youth literacy rate
D. All of the above
Ans. D
Explanation:-Educational achievements are indicated in terms of adult
literacy rate , primary education completion rate & youth literacy rate .
Hence, D is the correct option.
Q20. Ways of on the job training are –
A. Internal Training
B. External Training
C. A&B both
D. None
Ans. C
Explanation:- There are two ways of on the job training i.e. internal &
external training. Hence, C is the correct option.
Q21. The government has levied –% of education cess on all union
taxes?
A. 3%
B. 4%
C. 2%
D. 10%
Ans. C
Explanation:- Govt. has levied 2% of education cess on all union taxes.
Hence, C is the correct option.
Q22. Problems of human capital formation include A. High poverty
B. Brain drain
C. Increasing population
D. All of the above
Ans. D
Explanation:- High poverty, brain drain , increasing population are the
problems of human capital formation. Hence, D is the correct option.
Q23. Which of the given statements is /are true ?
A. Share of higher education is the least
B. Elementary education takes major share of total education
expenditure
C. Expenditure per student is higher in tertiary education as compared
to elementary education
D. All of the above
Ans. D
Explanation:- All the given statements are true. Hence, D is the correct
option.
Q24. Expenditure on health includes expenditure for –
A. Preventive medicine
B. Curative medicine
C. Social medicine
D. All of the above
Ans. D
Explanation:- Expenditure on health includes expenditure for
preventive, curative & social medicine. Hence, D is the correct option.
Q25. How do human capital formation contributes towards economic
growth?
A. By stimulating innovations & inventions
B. Human capital formation is inversely related with economic growth
C. By enabling human resource to understand changes in scientific
advancement
D. Both A & C
Ans. D
Explanation:- Human capital formation contribute toward economic growth
by stimulating innovations & inventions and by enabling human resource to
understand changes in scientific advancement. Hence, D is the correct
option.
Q26. Which body formulates regulations & rules for technical
education in India?
A. AICTE
B. UGC
C. NCERT
D. All of the above
Ans. A
Explanation:- All India Council for technical education formulates rules
& regulation for technical education Hence, A is the correct option.
Q27. Which of the following state has highest literacy rate in India?
A. Mizoram
B. Kerala
C. Goa
D. Maharashtra
Ans. B
Explanation:-Kerala has highest literacy rate in India. Hence, D is the
correct option.
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Hope it helps, all the best
HUMAN CAPITAL FORMATION