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