Relevant Titles:
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Human Capital Formation in India Class 12 Economics MCQs with Answers
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CBSE Class 12 Economics Online Quiz – Human Capital Formation Chapter
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NCERT-Based Class 12 Economics MCQs on Human Capital Formation in India
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CBSE Economics Practice Test – Education, Health and Human Capital MCQs
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Class 12 Economics MCQs – Role of Human Capital in India’s Development
Introduction:
Enhance your CBSE Class 12 Economics exam preparation with this online MCQ practice test on “Human Capital Formation in India.” This vital topic from Part B: Indian Economic Development explores the process by which individuals acquire skills, education, and health that enhance their productivity and contribute to the nation’s economic growth.
These MCQs are designed strictly as per the latest NCERT Class 12 Economics syllabus, ensuring complete alignment with the CBSE board exam pattern. The quiz covers key concepts such as education and health as forms of human capital, investment in human resource development, the role of government, and the relationship between human capital and economic growth.
With automatic scoring and instant feedback, this test helps students assess their understanding, identify weak areas, and prepare efficiently for board exams. Ideal for self-study, classroom use, or revision, this practice test offers a complete and exam-oriented learning experience.
Master the concept of Human Capital Formation in India with this NCERT-based online MCQ test and improve your performance in CBSE Class 12 Economics board exams.
Sample MCQs with Explanations:
1. Human capital refers to:
A) Physical assets
B) Human skills and knowledge
C) Natural resources
D) Industrial machinery
✅ Answer: B) Human skills and knowledge
💡 Explanation: Human capital consists of education, training, and health that enhance an individual’s productivity.
2. Which of the following is an example of investment in human capital?
A) Buying shares
B) Spending on education
C) Purchasing land
D) Building roads
✅ Answer: B) Spending on education
💡 Explanation: Expenditure on education improves knowledge and productivity, forming part of human capital investment.
3. Which sector contributes most to human capital formation?
A) Agriculture
B) Health and Education
C) Industry
D) Mining
✅ Answer: B) Health and Education
💡 Explanation: Health and education directly enhance people’s skills, productivity, and life expectancy.
4. Human capital is important because:
A) It increases exports
B) It enhances productivity and income
C) It reduces labor supply
D) It replaces machines
✅ Answer: B) It enhances productivity and income
💡 Explanation: Educated and healthy workers are more efficient, leading to higher output and income.
5. The government’s role in human capital formation includes:
A) Tax collection
B) Privatization of schools
C) Providing education and healthcare facilities
D) Importing resources
✅ Answer: C) Providing education and healthcare facilities
💡 Explanation: The government invests in schools, universities, and healthcare systems to build human capital.
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