Q 1 – Which of the following is not a merit of human capital formation?
(a) Improves technical knowledge
(b) Enlarges the size of business
(c) Increases cost of production
(d) Changes social outlooks
Ans. (c) Increases cost of production
Q 2 – Match and choose the correct combination.
| (i) Preventive medicine | (A) medical intervention during illness |
| (ii) Curative medicine | (B) vaccination |
| (iii) Social medicine | (C) the spread of health literacy |
(a) (i) – (B); (ii) – (A); (iii) – (C)
(b) (i) – (A); (ii) – (B); (iii) – (C)
(c) (i) – (C); (ii) – (B); (iii) – (A)
(d) (i) – (B); (ii) – (C); (iii) – (A)
Ans. (a) (i) – (B); (ii) – (A); (iii) – (C)
Q 3 – Which of the following is not an indicator of education level?
(a) Years of schooling
(b) Life expectancy
(c) Teacher-pupil ratio
(d) Enrollment rate
Ans. (b) Life expectancy
Q 4 – Which of the following institutes comes under the health sector?
(a) NCERT
(b) UGC
(c) AICTE
(d) ICMR
Ans. (d) ICMR
Q 5 – Which level of education takes a major share of total education expenditure in India?
(a) Elementary
(b) Secondary
(c) Higher
(d) Tertiary
Ans.(a) Elementary
Q 6 – What was the share of education in total government expenditure in 2014?
(a) 7.92 percent
(B) 15.7 percent
(C) 0.64 percent
(D) 3.31 percent
Ans. (b) 15.7 percent
Q 7 – What percent of GDP was invested in education in the year 1952?
(a) 7.92 percent
(b) 11.7 percent
(c) 0.64 percent
(d) 3.31 percent
Ans. (c) 0.64 percent
Q 8 – When was Right to Education Act enacted?
(a) 2008
(b) 2009
(c) 2010
(d) 2012
Ans. (b) 2009
Q 9 – What was the average youth literacy rate in 2015?
(a) 89.5 percent
(b) 74 percent
(c) 88 percent
(d) 95.5 percent
Ans. (a) 89.5 percent
Q 10 – Which of the following is not the role of on-the-job training?
(a) Eradicates inequality
(b) Encourages innovation
(c) Promotes modern methods
(d) Enhances productivity
Ans. (d) Enhances productivity
Q 11 – Which of the following is not an example of physical capital?
(a) Machinery
(b) Raw material
(c) Building
(d) Education and knowledge in people
Ans. (a) Machinery
Q 12 – ________ five-year plan recognized the importance of human capital.
(a) Seventh
(b) Third
(c) Eight
(d) Sixth’
Ans. (a) Seventh
Q 13 – Which one of the following is a reason for poor human capital formation in India?
(a) Brain drain
(b) Insufficient resources
(c) High growth of population
(d) All of these
Ans. (d) All of these
Q 14 – How much educational cess has been imposed by the government on all Union taxes?
(a) 1 %
(b) 2%
(c) 4%
(d) 5%
Ans. (b) 2%
Q 15 – Which one of the following is a major source of human capital formation in the country?
(a) Expenditure on education
(b) Expenditure on infrastructure
(c) Expenditure on defense
(d) Expenditure on energy
Ans. (a) Expenditure on education
Q 16 – The objective of midday meal scheme is __________
(a) to boost universalisation of primary education
(b) to boost the nutritional status of children in schools
(c) to increase enrolment attendance and retention, and also improving the nutritional status of children in school
(d) to boost universalisation of upper primary level of education
Ans. (c) to increase enrolment attendance and retention, and also improving the nutritional status of children in school
Q 17 – Human capital is similar to physical capital because
(a) Both
(b) none
(c) They are factors of production
(d) Raise nation’s ability to produce goods and services
Ans. (a) Both
Q 18 – The most important indicator of education status of a country is the
(a) Literacy rate
(b) Death rate
(c) Population rate
(d) Birth rate
Ans. (a) Literacy rate