Human Capital Formation In India Class 12 MCQ Quiz – Test Your Understanding!

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Are you ready to test your knowledge of Human Capital Formation in India from the Class 12 Economics syllabus? This chapter explains how education, health, and skill development contribute to economic growth by enhancing the productivity of individuals.

About the Quiz

Chapter Name: Human Capital Formation in India
Subject: Economics
Book: NCERT Class 12 Economics
Question Type: Multiple Choice Questions (MCQs)
Leaderboard: Yes (Check Your Rank!)

Why Take This Quiz?

✔ Helps in CBSE board exam revision
✔ Strengthens understanding of the role of education and health in economic growth
✔ Enhances knowledge of government initiatives for human capital formation
✔ Track your progress with the leaderboard

Click Below to Start the Quiz!

Chapter 4 Human Capital Formation in India

1 / 15

Assertion (A): Physical capital can be traded in the market, unlike human capital.
Reason (R): Human capital is intangible and inseparable from its owner, while physical capital is tangible.

A is true, but R is false.

Both A and R are true, but R is not the correct explanation of A.

Both A and R are true, and R is the correct explanation of A.

A is false, but R is true.

2 / 15

Assertion (A): The National Education Policy 2020 emphasizes the need for a skilled workforce in fields like data science and AI.
Reason (R): Technological advances are reducing the demand for unskilled labor globally.

A is false, but R is true.

Both A and R are true, but R is not the correct explanation of A.

Both A and R are true, and R is the correct explanation of A.

A is true, but R is false.

3 / 15

Human development is _____.

Narrow concept focusing only on labor productivity

Process of widening people’s choices as well as raising the level of well-being

Investment in education, health, clean environment, etc.

Synonym to human capital

4 / 15

Read the following statements - Assertion (A) and Reason (R):

Assertion (A) – Human capital treats human beings as a means to an end (increase in productivity).

Reason(R) – Human Capital Formation decreases by way of investments in education and health.

Both Assertion (A) and Reason (R) are true and Reason (R) is not the correct explanation of Assertion (A).

Assertion (A) is true but Reason (R) is false.

Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A).

Assertion (A) is false but Reason (R) is true.

5 / 15

Which of the following is an example of preventive medicine?

Vaccination

Spread of health literacy

Medical intervention during illness

Provision of clean drinking water

6 / 15

What is the nature of human capital assets?

None of the above

Intangible

Tangible

Both (a) and (b)

7 / 15

Match the Source of Human Capital Formation with its Outcome:

Column A	Column B Options
A. Expenditure on health	1. Enhanced earnings at migrated place
B. On-the-job training	2. Increased labor productivity
C. Expenditure on migration	3. Qualitative improvement in workforce
D. Expenditure on information	4. Efficient utilization of human capital

A – 3, B – 2, C – 1, D – 4

A – 2, B – 3, C – 1, D – 4

A – 3, B – 2, C – 4, D – 1

A – 3, B – 1, C – 2, D – 4

8 / 15

Match the situations given in Column I with their respective implications given in Column II:

Column I	Column II
A. Migration	i. reduced in per capita economic growth
B. Low level of academic standards	ii. An imbalance between demand and supply of human resource
C. Population- High Growth rate	iii. Brain Drain
D. Lack of proper manpower planning	iv. Mismatch between required skill and academic standards

A-i; B-ii; C-iii; D-iv

A-ii; B-iii; C-iv; D-i

A-ii; B-iv, C-i; D-iii

A-iii; B-iv; C-i; D-ii

9 / 15

Which statement can be said to best describe the importance of expenditure on education?

It increases the growth of individuals

It increases the labor charge

It decreases earning capacity of individuals

It increases the efficiency and skill of human capital

10 / 15

Match the Organization with its Role in India’s Education/Health Sector:

Column A	Column B Options
A. NCERT	1. Regulates medical education
B. UGC	2. Develops educational resources
C. National Medical Commission	3. Oversees higher education funding
D. ICMR	4. Conducts health research

A – 3, B – 2, C – 1, D – 4

A – 2, B – 1, C – 3, D – 4

A – 2, B – 3, C – 4, D – 1

A – 2, B – 3, C – 1, D – 4

11 / 15

On the basis of the below-mentioned information answer the following question:

human capital formation in india class 12 important quesitons answers

The Real Per Capita Income of India (as per the given data) has increased by _______________ (approximately) between 1951 and 2016-17. (Fill up the blank with the correct alternative)

915 %

815 %

1015 %

715 %

12 / 15

Ms. Ramanpreet has started a new business venture, she intends to spend a huge amount on ‘on-the-job training’ of her workers before putting them to work. It exhibits the right step in the direction of Human Capital Formation.

Spot which of the following does not directly contribute to the process of human capital formation by Ms. Ramanpreet:-

increases output productivity

improves efficiency

adds skills and expertise

ensures gender equity

13 / 15

Which of the below statements is true about human development?

It treats human beings as a means to an end, the end being the increase in productivity.

It is an end in itself.

Both first and second

It considers that investment in health and education is unproductive if it does not increase the output of goods and services.

14 / 15

Which of the following could aid in human capital formation?

creating open markets with increased stability

expanding the labor market by increasing the supply of jobs

promoting gender equality in the family

creating larger industries with more complex equipment

15 / 15

Which of the following is the CORRECT difference between physical and human capital?

Physical capital cannot be separated from its owner while human capital can.

Physical capital can be sold but human capital cannot be sold.

The depreciation of physical capital can be arrested with more investment while human capital will continue to deplete.

Physical capital provides both private and social benefits while human capital provides only social benefits.

Your score is

The average score is 60%

Leaderboard – Top Scorers

Check the top scorers here!

Pos.	Name	Score	Duration	Points
1	MEGHNA	100 %	51 seconds	15
2	Prisha	100 %	1 minutes 31 seconds	15
3	Gazal	100 %	2 minutes 12 seconds	15
4	AFRAH	93 %	4 minutes 11 seconds	14
5	avi	93 %	6 minutes 16 seconds	14
6	YAYYYY	93 %	6 minutes 38 seconds	14
7	kaavya	87 %	5 minutes 12 seconds	13
8	Khushi	87 %	6 minutes 46 seconds	13
9	Prisha	80 %	3 minutes 17 seconds	12
10	Gazal	80 %	5 minutes 10 seconds	12
11	rohila	80 %	5 minutes 44 seconds	12
12	shabab qtr.	80 %	6 minutes 7 seconds	12
13	abc	80 %	6 minutes 9 seconds	12
14	akshita	80 %	6 minutes 18 seconds	12
15	Kajal	80 %	10 minutes 59 seconds	12
16	ms	73 %	3 minutes 54 seconds	11
17	lui	73 %	4 minutes 50 seconds	11
18	Siddhi	73 %	8 minutes 45 seconds	11
19	Afrah	73 %	8 minutes 55 seconds	11
20	nidhi	73 %	11 minutes 6 seconds	11
21	Akshay gurjar	73 %	12 minutes 57 seconds	11
22	Rr	67 %	4 minutes 27 seconds	10
23	Tanak	67 %	5 minutes 43 seconds	10
24	Gazal	67 %	6 minutes 19 seconds	10
25	A	60 %	3 minutes 6 seconds	9
26	abc	60 %	3 minutes 7 seconds	9
27	shabab qatar	60 %	3 minutes 34 seconds	9
28	Suhani	60 %	4 minutes 53 seconds	9
29	meenakshi	60 %	5 minutes 44 seconds	9
30	Happy	60 %	6 minutes 19 seconds	9
31	Hhh	60 %	7 minutes 49 seconds	9
32	supriya	60 %	8 minutes 21 seconds	9
33	allena	60 %	11 minutes 21 seconds	9
34	Abc	60 %	11 minutes 52 seconds	9
35	Zanish	60 %	20 minutes 24 seconds	9
36	karnav	60 %	56 minutes 56 seconds	9
37	anushka	53 %	6 minutes 23 seconds	8
38	AD	53 %	6 minutes 37 seconds	8
39	Nishal	53 %	7 minutes 31 seconds	8
40	Gurpinder	53 %	8 minutes 38 seconds	8
41	xyz	47 %	3 minutes 59 seconds	7
42	tina	40 %	2 minutes 30 seconds	6
43	VANSH KING	40 %	4 minutes 44 seconds	6
44	kkkkkkkkkkkkkkkkk	40 %	5 minutes 49 seconds	6
45	karishma	40 %	7 minutes 28 seconds	6
46	p	40 %	10 minutes 30 seconds	6
47	SUNDARARAJ	40 %	10 minutes 54 seconds	6
48	luminaa	40 %	12 minutes 31 seconds	6
49	Ishita	33 %	3 minutes 3 seconds	5
50	Isha	33 %	5 minutes 39 seconds	5
51	V	33 %	8 minutes 11 seconds	5
52	Suryank	33 %	9 minutes 33 seconds	5
53	S	27 %	2 minutes 32 seconds	4
54	Gargi	27 %	3 minutes 7 seconds	4
55	ms	13 %	1 minutes 9 seconds	2
56	Jiya	0 %	2 minutes 5 seconds	0
57	Sundar	0 %	29 minutes 38 seconds	0

Key Topics Covered in the Quiz

✔ Meaning and importance of Human Capital Formation
✔ Difference between Human Capital and Human Development
✔ Sources of Human Capital Formation (Education, Health, On-the-Job Training, Migration, Information)
✔ Role of Government in Human Capital Formation
✔ Challenges in Human Capital Development in India

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Also See: Environment and Sustainable Development Class 12 MCQ Quiz – Test Your Understanding!

Human Capital Formation in India Class 12 MCQ Quiz – Test Your Understanding!

About the Quiz

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Key Topics Covered in the Quiz

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About the Quiz

Why Take This Quiz?

Leaderboard – Top Scorers

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More Class 12 Economics MCQ Quizzes

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