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?
Buying land
Purchasing machinery
Building factories
Investment in education
Which of the following is an example of human capital formation?
Vocational training
Building a house
Buying a tractor
Mining coal
How does education contribute to human capital formation?
Increases land fertility
Decreases productivity
Reduces population
Enhances skills
What is the primary benefit of human capital formation?
Reduced healthcare costs
Higher productivity
More natural resources
Increased land area
Which sector benefits the most from human capital formation?
None of the above
Secondary sector (mining)
Primary sector (farming)
Tertiary sector (IT)
What is the role of healthcare in human capital formation?
Improves productivity
Reduces education costs
Increases land ownership
Decreases population
Which country is an example of successful human capital formation?
Japan
Russia
Brazil
South Africa
What is the main reason for Vilas’s low income compared to Sakal?
Lack of land
Lack of machinery
Lack of education
Lack of healthcare
Which government initiative promotes human capital formation in India?
Green Revolution
Sarva Shiksha Abhiyan
Navodaya Vidyalaya
Ayushman Bharat
What is the key difference between human resource and human capital?
Natural resources
Land fertility
Investment in education
Physical capital
NCERT Economics Class 9, Chapter 2 – People as Resource
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