Human Capital Formation is a cornerstone of economic growth and development. It refers to the process of enhancing the skills, knowledge, and health of individuals to make them more productive and valuable to the economy. In the context of NCERT Economics Class 9, understanding Human Capital Formation is crucial as it explains how investments in education, healthcare, and training can transform a population into a productive asset. Human Capital FormationMCQ can help students test their understanding of this concept.
Human Capital Formation MCQ with Answers
Human Capital Formation MCQs
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What is human capital formation?
Building factories
Buying land
Investment in education
Purchasing machinery
Which of the following is an example of human capital formation?
Buying a tractor
Building a house
Mining coal
Vocational training
How does education contribute to human capital formation?
Reduces population
Decreases productivity
Increases land fertility
Enhances skills
What is the primary benefit of human capital formation?
Increased land area
Higher productivity
More natural resources
Reduced healthcare costs
Which sector benefits the most from human capital formation?
Tertiary sector (IT)
None of the above
Secondary sector (mining)
Primary sector (farming)
What is the role of healthcare in human capital formation?
Increases land ownership
Decreases population
Reduces education costs
Improves productivity
Which country is an example of successful human capital formation?
Brazil
Russia
Japan
South Africa
What is the main reason for Vilas’s low income compared to Sakal?
Lack of healthcare
Lack of education
Lack of machinery
Lack of land
Which government initiative promotes human capital formation in India?
Green Revolution
Navodaya Vidyalaya
Ayushman Bharat
Sarva Shiksha Abhiyan
What is the key difference between human resource and human capital?
Investment in education
Physical capital
Land fertility
Natural resources
NCERT Economics Class 9, Chapter 2 – People as Resource
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