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