Students of class 11 Economics should refer to MCQ Questions Class 11 Economics Human Capital Formation In India with answers provided here which is an important chapter in Class 11 Economics NCERT textbook. These MCQ for Class 11 Economics with Answers have been prepared based on the latest CBSE and NCERT syllabus and examination guidelines for Class 11 Economics. The following MCQs can help you to practice and get better marks in the upcoming class 11 Economics examination

Chapter 5 Human Capital Formation In India MCQ with Answers Class 11 Economics

MCQ Questions Class 11 Economics Human Capital Formation In India provided below have been prepared by expert teachers of grade 11. These objective questions with solutions are expected to come in the upcoming Standard 11 examinations. Learn the below provided MCQ questions to get better marks in examinations.

Question. Expenditure on education is __________.
(A) Wasteful
(B) Investment
(C) Skill
(D) Not required

Question. Indicator of growth of education sector
(A) Life expectancy rate
(B) Infant mortality rate
(C) Literacy rate
(D) None of these

Question. In which year the Government of India enacted the Right to Education (RTE) Act?
(a) 2007
(b) 2008
(c) 2009
(d) 2010

Question. The government of India is leaving a ________ percent Education Cess on all the union taxes for spending on elementary education.
(a) 2 percent
(b) 5 percent
(c) 10 percent
(d) 12 percent

Question. If a worker absent herself/ himself for long due to ill health, it will affect his/ her:
(A) Job security
(B) Wage/income
(C) Productivity
(D) All the above

Question. Which of the following statements is true?
(A) Major share of education expenditure goes to higher education
(B) No education cess is imposed by the government on all union taxes
(C) Human development is bases on the idea that education and health are integral to human well- being
(D) Education and literacy can be used as synonyms of each other

Question. In India, education sector is regarded by:
(A) Ministry of education
(B) NCERT
(C) UGC and AICTE
(D) All the above

Question. ____________ is better indicator of development.
(A) National output
(B) Per capita income (monetary)
(C) Real per capita income
(D) National income

Question. Significance of human capital was recognized in _____________ five year plan.
(A) Third
(B) Second
(C) Seventh
(D) Fourth

Question. ___________ is major source of human capital.
(A) Taxes
(B) Subsidies
(C) Health
(D) All the above

Question. A person becomes a human resources when he is
(A) Willing to work
(B) Able to work
(C) in the age group 15-60 years
(D) All of these

Question. Indicators of educational achievement :
(A) Primary education
(B) Youth literacy rate
(C) Adult literacy rate
(D) All of these

Question. Government organisation that regulate education sectors
(A) NCERT
(B) ICMR
(C) UGC
(D) Both (a) and (c)

Question. Before introducing new technology, a firm provides the basic skills to the workers regarding its usage. This is which source of human capital formation?
(A) Study programme for adults
(B) On the job training
(C) Expenditure on information
(D) Investment in education

Question. Source of Human capital formation :
(A) Investment in education
(B) Investment in Health
(C) Investment in on-the-job training
(D) All of these

Question. The major share of total education expenditure is taken by __________
(A) Elementary education
(B) Higher education
(C) Secondary education
(D) Technical education

Question. Physical capital is
(A) Tangible
(B) Easily sold in the market
(C) (a) and (b)
(D) None of the above

Question. UNDP stands for :
(A) United Nations Developing Plan
(B) United National Development Programme
(C) United Nations Duration Programme
(D) United Nations Development Policy

Question. Economic growth requires ___________.
(A) Human capital
(B) Physical capital
(C) Both (a) and (b)
(D) Neither (a) nor (b)

Question. The stock of skill and expertise of nation at a point of time is called:
(A) Human capital
(B) Human development
(C) Human capital formation
(D) Physical capital

Question. Which of the following is not a source of Human Capital formation?
(A) Education
(B) Saving
(C) Health
(D) Information

Question. From the following which is not a source of human capital :
(A) On-the job training
(B) Migration
(C) Investment in education
(D) None of the above

Fill up the blanks.

Question. ________________is the outcome of investment in education, health, on-the-job training, migration and information.       

Question. Two independent reports on the Indian economy, in recent times, have identified that India would grow faster due to its strength in ___________________.       

Question. In 2009 the government of India enacted ______________make free education a fundamental right of all children in the age group of 6-14 years.        

Question. The education commission (1964-66) had recommended that at least ____________ of GDP be spent on education so as to make a noticeable rate of growth in educational achievements.       

Question. ___________ represents enhanced labour productivity which is an acquired ability and an outcome of deliberate investment decisions with an expectation that it will increase future income sources.       

Question. Both ___________ and _________ , along with many other factors like on-the-job training, job market information and migration, increase an individuals income generating capacity.     

We hope the above multiple choice questions for Class 11 Economics for Chapter 5 Human Capital Formation In India provided above with answers based on the latest syllabus and examination guidelines issued by CBSE, NCERT and KVS are really useful for you. Human Capital Formation In India is an important chapter in Class 11 as it provides very strong understanding about this topic. Students should go through the answers provided for the MCQs after they have themselves solved the questions. All MCQs have been provided with four options for the students to solve. These questions are really useful for benefit of class 11 students. Please go through these and let us know if you have any feedback in the comments section.