Important Questions for Class 11 Economics Chapter 5 Human Capital Formation In India

Important questions for CBSE Class 11 Economics Chapter 5 Human Capital Formation In India are outlined by expert economics teachers from the latest version of CBSE (NCERT) books.

CBSE Class 11 Economics Chapter- 5 Important Questions

Question 1

What does AICTE stand for?

a. All India Council for Technology Education

b. All India Council for Technical Education

c. All India Commission for Technology Education

d. All India Commission for Technical Education

Answer:

d. All India Commission for Technical Education

Question 2

Human capital is called an investment that brings which of the following?

a. Qualitative improvement in labour

b. Quantitative improvement in labour

c. Both of them

d. None of them

Answer:

b. Qualitative improvement in labour

Question 3

A literate refers to _______ .

a. All the urban people

b. All the educated people

c. The ability to read and write

d. None of these

Answer:

c. The ability to read and write

Question 4

People of which age group are treated as a productive labour force?

a. 0–6

b. 15–30

c. 20–35

d. 60–80

Answer:

b. 15–30

Question 5

A person becomes a human resource when he or she ________ .

a. Is willing to work

b. Is able to work

c. Belongs to a particular age group

d. All of the above

Answer: All of the above

Question 6

What is the literacy rate of India in 2020?

Answer:

77.7 %

Question 7

Which of the following institutions guides higher education?

a. NCERT

b. IGNOU

c. UGC

d. None of the above

Answer:

c. UGC

Question 8

What is the full form of OJT?

Answer:

OJT stands for On the Job Training.

Question 9

Stocks and shares of the companies are known as ______ .

a. Financial capital

b. Physical capital

c. Human capital

d. None of these

Answer:

a. Financial capital

Question 10

What is the name of the movement started by the National Literacy Mission?

Answer:

The movement started by the National Literacy Mission is ‘Education for all’.

Question 11

What is human capital formation?

Answer:

Human capital formation is the procedure of transforming the people in a nation into the workers who are capable of producing commodities and services.

Question 12

______ and ______ are the twin pillars on which the edifice of the social sector reforms rests.

a. Education and infrastructure

b. Education and health

c. Education and poverty

d. Education and employment

Answer:

b. Education and health

Question 13

What is financial capital?

Answer:

Financial capital is an economic resource that is measured in terms of money which is primarily utilised by the businesses and entrepreneurs to purchase what they need to make their products or to furnish their services to the economy.

Question 14

Mentioned are the names of the states. Which among these states has the least literacy rate?

a. Mizoram

b. Kerala

c. Bihar

 d. None of these

Answer:

c. Bihar

Question 15

Mentioned are the names of the states. Which state among these has the highest literacy rate?

a. Mizoram

b. Kerala

c. Bihar

 d. None of these

Answer:

b. Kerala

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