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

We have compiled the NCERT/CBSE chapter-wise Multiple Choice Class 12 Economics Chapter 5 Human Capital Formation in India with Answers by expert subject teacher for latest syllabus and examination. Prepare effectively for the exam taking the help of the Class 12 Economics Objective Questions PDF free of cost from here. Students also can take a free test of the Multiple Choice Questions of Human Capital Formation in India. Each question has four options followed by the right answer. Download the Economics Quiz Questions with Answers for Class 12 Pdf and prepare to help students understand the concept very well.

MCQ Questions for Class 12 Microeconomics with Answers: Indian Economic Development

Question 1.

How much educational cess has been imposed by the government on all Union taxes?

(i) 1 %
(ii) 2%
(iii) 4%
(iv) 5%

(ii) 2%

Question 2.

Which of the following institutes comes under the health sector?

(i) NCERT
(ii) UGC
(iii) AICTE
(iv) ICMR

(iv) ICMR

Question 3.

Which one of the following is a major source of human capital formation in the country?

(i) Expenditure on education
(ii) Expenditure on infrastructure
(iii) Expenditure on defense
(iv) Expenditure on energy

(i) Expenditure on education

Question 4.

What was the share of education in total government expenditure in 2014?

(i) 7.92 percent
(ii) 15.7 percent
(iii) 0.64 percent
(iv) 3.31 percent

(ii) 15.7 percent

Question 5.

The objective of midday meal scheme is

(i) to boost universalisation of primary education
(ii) to boost the nutritional status of children in schools
(iii) to increase enrolment attendance and retention, and also improving the nutritional status of children in school
(iv) to boost universalisation of upper primary level of education

(iii) to increase enrolment attendance and retention, and also improving nutritional status of children in school

Question 6.

What percent of GDP was invested in education in the year 1952?

(i) 7.92 percent
(ii) 11.7 percent
(iii) 0.64 percent
(iv) 3.31 percent

(iii) 0.64 percent

Question 7.

Which of the following is not an example of physical capital?

(i) Machinery
(ii) Raw material
(iii) Building
(iv) Education and knowledge in people

(iv) Education and knowledge in people

Question 8.

When was Right to Education Act enacted?

(i) 2008
(ii) 2009
(iii) 2010
(iv) 2012

(ii) 2009

Question 9.

-five-year plan recognized the importance of human capital.

(i) Seventh
(ii) Third
(iii) Eight
(iv) Sixth

(i) Seventh

Question 10.

Which of the following is not the role of on-the-job training?

(i) Eradicates inequality
(ii) Encourages innovation
(iii) Promotes modern methods
(iv) Enhances productivity

(iv) Enhances productivity

Question 11.

Which of the following is not a merit of human capital formation?

(i) Improves technical knowledge
(ii) Enlarges the size of business
(iii) Increases cost of production
(iv) Changes social outlooks

(iii) Increases cost of production

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