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

To increase future prospects in the education sector, the Government should:

Focus on education for all

All

Shift from degree oriented to skill-based education

Gender equity

2 / 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)

1015 %

915 %

815 %

715 %

3 / 15

Who amongst the following, has received the greatest investment in human capital formation?

a 12-year-old who helps her mother with construction work

a nurse in a clinic who is frequently absent because of his ill health

a 10th-pass girl who works as a store manager in a mall

a computer science graduate who works at a call center

4 / 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.

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

A is false, but R is true.

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

A is true, but R is false.

5 / 15

Also See: Class 12 Notes: Determination of Income and Employment Simplified

Which of the following could aid in human capital formation?

expanding the labor market by increasing the supply of jobs

creating larger industries with more complex equipment

promoting gender equality in the family

creating open markets with increased stability

6 / 15

What is the nature of human capital assets?

None of the above

Both (a) and (b)

Tangible

Intangible

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 – 2, B – 3, C – 1, D – 4

A – 3, B – 1, C – 2, D – 4

A – 3, B – 2, C – 4, D – 1

A – 3, B – 2, C – 1, D – 4

8 / 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 – 3, C – 1, D – 4

A – 2, B – 3, C – 4, D – 1

A – 2, B – 1, C – 3, D – 4

9 / 15

Assertion (A): Human development treats education and health as ends in themselves, unlike human capital.
Reason (R): Human capital focuses solely on increasing labor productivity through education and health investments.

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.

10 / 15

Human development is _____.

Narrow concept focusing only on labor productivity

Synonym to human capital

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

Investment in education, health, clean environment, etc.

11 / 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.

Also See: The Last Lesson Class 12: Top Questions and Answers for Exam Preparation

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

A is false, but R is true.

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

A is true, but R is false.

12 / 15

Which of the below statements is true about human development?

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.

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

13 / 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-ii; B-iv, C-i; D-iii

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

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

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

14 / 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-ii; B-iii; C-iv; D-i

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

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

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

15 / 15

Match the Statistic with its Context (1952-2014):

Column A	Column B
A. 7.92% to 15.7%	1. Education expenditure as % of GDP
B. 0.64% to 4.13%	2. Unemployment rate of graduates
C. 6%	3. Education expenditure as % of total govt spending
D. 19%	4. Recommended education spending by Education Commission

Also See: CBSE Sample Paper vs. NCERT Questions – What’s More Important?

A – 1, B – 3, C – 4, D – 2

A – 3, B – 1, C – 2, D – 4

A – 3, B – 4, C – 1, D – 2

A – 3, B – 1, C – 4, D – 2

Your score is

The average score is 60%

Leaderboard – Top Scorers

Check the top scorers here!

Pos.	Name	Score	Duration	Points
1	Prisha	100 %	1 minutes 31 seconds	15
2	Gazal	100 %	2 minutes 12 seconds	15
3	AFRAH	93 %	4 minutes 11 seconds	14
4	Prisha	80 %	3 minutes 17 seconds	12
5	Gazal	80 %	5 minutes 10 seconds	12
6	rohila	80 %	5 minutes 44 seconds	12
7	abc	80 %	6 minutes 9 seconds	12
8	akshita	80 %	6 minutes 18 seconds	12
9	ms	73 %	3 minutes 54 seconds	11
10	lui	73 %	4 minutes 50 seconds	11
11	Siddhi	73 %	8 minutes 45 seconds	11
12	Afrah	73 %	8 minutes 55 seconds	11
13	nidhi	73 %	11 minutes 6 seconds	11
14	Rr	67 %	4 minutes 27 seconds	10
15	Gazal	67 %	6 minutes 19 seconds	10
16	A	60 %	3 minutes 6 seconds	9
17	Suhani	60 %	4 minutes 53 seconds	9
18	meenakshi	60 %	5 minutes 44 seconds	9
19	Happy	60 %	6 minutes 19 seconds	9
20	supriya	60 %	8 minutes 21 seconds	9
21	Abc	60 %	11 minutes 52 seconds	9
22	anushka	53 %	6 minutes 23 seconds	8
23	Nishal	53 %	7 minutes 31 seconds	8
24	xyz	47 %	3 minutes 59 seconds	7
25	VANSH KING	40 %	4 minutes 44 seconds	6
26	kkkkkkkkkkkkkkkkk	40 %	5 minutes 49 seconds	6
27	karishma	40 %	7 minutes 28 seconds	6
28	p	40 %	10 minutes 30 seconds	6
29	Suryank	33 %	9 minutes 33 seconds	5
30	S	27 %	2 minutes 32 seconds	4
31	Gargi	27 %	3 minutes 7 seconds	4
32	ms	13 %	1 minutes 9 seconds	2
33	Jiya	0 %	2 minutes 5 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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Human Capital Formation in India Class 12 MCQ Quiz – Test Your Understanding!

About the Quiz

Why Take This Quiz?

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Key Topics Covered in the Quiz

More Class 12 Economics MCQ Quizzes

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About the Quiz

Why Take This Quiz?

Leaderboard – Top Scorers

Key Topics Covered in the Quiz

More Class 12 Economics MCQ Quizzes

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