Important Questions for CBSE Class 12 Economics Chapter 5 Human Capital Formation In India, which is outlined by expert Economics teachers from the latest version of CBSE (NCERT) books.
CBSE Class 12 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:
(b) All India Council for Technical Education
Question 2
Human capital is called an investment that brings,
(a) Qualitative improvement in labour
(b) Quantitative improvement in labour
(c) Both
(d) None
Answer:
(a) Qualitative improvement in labour
Question 3
Literate refers to:
(a) All urban people
(b) All educated people
(c) Ability to read and write
(d) None of these
Answer:
(c) 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 the above
Answer:
(d) All the above
Question 6
What is the Indian literacy rate?
Answer:
74.04%
Question 7
Which of the below-mentioned 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
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 workers who are capable of producing commodities and services.
Question 12
______ and ______ are the twin pillars on which rests the edifice of the social sector reforms.
- Education and infrastructure
- Education and health
- Education and poverty
- 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 are 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
Below-mentioned are the name of the states, among these which state has the least literacy rate
(a) Mizoram
(b) Kerala
(c) Bihar
(d) None of these
Answer:
(c) Bihar
Question 15:-
Below-mentioned are the name of the states, among these which state has the highest literacy rate,
- Mizoram
- Kerala
- Bihar
- None of these
Answer:
(b) Kerala
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