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Role of Education in Human Capital Development Class 12 Economics MCQs with Answers
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CBSE Class 12 Economics Online Quiz – Education and Human Capital Formation
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Class 12 Economics MCQs – Importance of Education in Human Capital Formation
Introduction:
Prepare effectively for your CBSE Class 12 Economics exam with this online MCQ practice test on “Role of Education in Human Capital Development.” This topic from Part B: Indian Economic Development focuses on how investment in education enhances human capital, productivity, and economic growth.
These MCQs are designed strictly according to the latest NCERT Class 12 Economics syllabus, making them ideal for CBSE board exam preparation. The quiz covers essential topics such as education as an investment, the relationship between education and productivity, literacy rates, government expenditure on education, and the role of education in economic and social development.
With automatic scoring and instant feedback, this online test helps students evaluate their understanding, strengthen conceptual knowledge, and improve performance in board exams. Perfect for self-study, classroom practice, or revision, this test provides an engaging and exam-oriented learning experience.
Master this key concept with our NCERT-based online MCQ test on Role of Education in Human Capital Development and build your confidence for CBSE Class 12 Economics exams.
Sample MCQs with Explanations:
1. Education is considered an investment because it:
A) Increases consumption
B) Reduces income
C) Enhances productivity and earnings
D) Lowers employment
✅ Answer: C) Enhances productivity and earnings
💡 Explanation: Education improves skills and productivity, leading to higher income and better employment opportunities.
2. Which sector contributes most to human capital development?
A) Industry
B) Agriculture
C) Education and Health
D) Manufacturing
✅ Answer: C) Education and Health
💡 Explanation: Both education and health build skilled and efficient human resources vital for economic development.
3. Education helps in economic growth by:
A) Reducing foreign investment
B) Increasing skilled manpower
C) Increasing dependency ratio
D) Decreasing production
✅ Answer: B) Increasing skilled manpower
💡 Explanation: Education equips people with the knowledge and skills required for higher productivity and innovation.
4. The literacy rate of a country reflects:
A) Population growth
B) Human capital formation
C) Industrial output
D) Foreign investment
✅ Answer: B) Human capital formation
💡 Explanation: A higher literacy rate indicates greater investment in human capital and improved workforce quality.
5. Government expenditure on education is an example of:
A) Revenue expenditure
B) Human capital investment
C) Fiscal deficit
D) Non-productive spending
✅ Answer: B) Human capital investment
💡 Explanation: Spending on education is a long-term investment that enhances a nation’s human capital and development potential.
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