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

Human development is _____.

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

Investment in education, health, clean environment, etc.

Narrow concept focusing only on labor productivity

Synonym to human capital

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

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

A – 3, B – 4, C – 1, D – 2

A – 3, B – 1, C – 4, D – 2

A – 3, B – 1, C – 2, D – 4

A – 1, B – 3, C – 4, D – 2

4 / 15

Which of the following is an example of preventive medicine?

Spread of health literacy

Provision of clean drinking water

Vaccination

Medical intervention during illness

5 / 15

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

Focus on education for all

Gender equity

All

Shift from degree oriented to skill-based education

6 / 15

Read the following statements carefully.

Statement 1: On-the-job training help to bridge the gap between theoretical concepts and practical experiences.

Statement 2: On-the-job training updates the employees, with the latest changes in their work field.

Both statements 1 and 2 are false

Both statements 1 and 2 are true

Statement 1 is false and statement 2 is true

Statement 1 is true and statement 2 is false

7 / 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.

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.

A is false, but R is true.

8 / 15

Which of the following could aid in human capital formation?

expanding the labor market by increasing the supply of jobs

promoting gender equality in the family

creating open markets with increased stability

creating larger industries with more complex equipment

9 / 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)

715 %

1015 %

915 %

815 %

10 / 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-iv, C-i; D-iii

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

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

11 / 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 false but Reason (R) is true.

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

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

12 / 15

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

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

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

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

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

13 / 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 – 2, C – 4, D – 1

A – 3, B – 1, C – 2, D – 4

A – 3, B – 2, C – 1, D – 4

14 / 15

What is the nature of human capital assets?

Both (a) and (b)

Intangible

None of the above

Tangible

15 / 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 – 4, D – 1

A – 2, B – 1, C – 3, D – 4

A – 2, B – 3, C – 1, D – 4

Your score is

The average score is 61%

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	Prisha	80 %	3 minutes 17 seconds	12
9	Gazal	80 %	5 minutes 10 seconds	12
10	rohila	80 %	5 minutes 44 seconds	12
11	abc	80 %	6 minutes 9 seconds	12
12	akshita	80 %	6 minutes 18 seconds	12
13	Kajal	80 %	10 minutes 59 seconds	12
14	ms	73 %	3 minutes 54 seconds	11
15	lui	73 %	4 minutes 50 seconds	11
16	Siddhi	73 %	8 minutes 45 seconds	11
17	Afrah	73 %	8 minutes 55 seconds	11
18	nidhi	73 %	11 minutes 6 seconds	11
19	Rr	67 %	4 minutes 27 seconds	10
20	Gazal	67 %	6 minutes 19 seconds	10
21	A	60 %	3 minutes 6 seconds	9
22	Suhani	60 %	4 minutes 53 seconds	9
23	meenakshi	60 %	5 minutes 44 seconds	9
24	Happy	60 %	6 minutes 19 seconds	9
25	Hhh	60 %	7 minutes 49 seconds	9
26	supriya	60 %	8 minutes 21 seconds	9
27	Abc	60 %	11 minutes 52 seconds	9
28	Zanish	60 %	20 minutes 24 seconds	9
29	anushka	53 %	6 minutes 23 seconds	8
30	AD	53 %	6 minutes 37 seconds	8
31	Nishal	53 %	7 minutes 31 seconds	8
32	xyz	47 %	3 minutes 59 seconds	7
33	VANSH KING	40 %	4 minutes 44 seconds	6
34	kkkkkkkkkkkkkkkkk	40 %	5 minutes 49 seconds	6
35	karishma	40 %	7 minutes 28 seconds	6
36	p	40 %	10 minutes 30 seconds	6
37	Ishita	33 %	3 minutes 3 seconds	5
38	Isha	33 %	5 minutes 39 seconds	5
39	V	33 %	8 minutes 11 seconds	5
40	Suryank	33 %	9 minutes 33 seconds	5
41	S	27 %	2 minutes 32 seconds	4
42	Gargi	27 %	3 minutes 7 seconds	4
43	ms	13 %	1 minutes 9 seconds	2
44	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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Also See: Rural Development Class 12 MCQ Quiz – Test Your Understanding!

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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