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CBSE Questions for Class 12 Commerce Economics Human Capital Formation In India Quiz 2 - MCQExams.com
CBSE
Class 12 Commerce Economics
Human Capital Formation In India
Quiz 2
Match List I(Type of Unemployment) with List II(Characteristics) and select the correct answer using the codes given below
List I(Type of Unemployment)
List II(Characteristics)
(A) Seasonal
(I) Occurs during boom or recession in the economy
(B) Frictional
(II) An absence of demand for a certain type of workers
(C) Disguised
(III) Occurs when moving from one job to another
(D) Structural
(IV) Actual contribution
(E) Cyclical
(V) Job opportunities during certain months in the year
Report Question
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A-V; B-III; C-IV; D-II; E-I
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A-IV; B-IV; C-III; D-I; E-II
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A-I; B-II; C-III; D-IV; E-V
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A-V; B-IV; C-III; D-II; E-I
Explanation
List I(Type of Unemployment)
List II(Characteristics)
(A) Seasonal
(V) Job opportunities during certain months in the year
(B) Frictional
(III) Occurs when moving from one job to another
(C) Disguised
(IV) Actual contribution
(D) Structural
(II) An absence of demand for a certain type of workers
(E) Cyclical
(I) Occurs during boom or recession in the economy
___________it is concerned with the determination of the number of personnel required in an organization.
Report Question
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Human resources planning
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Job analysis
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Motivation
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Human welfare
Explanation
Human resource planning is concerned with forecasting the future human resource requirements of the company and how the current human resource can be utilised to the fullest capacity.
The Indirect Democracy is the democracy based on the direct participation of the citizens.
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True
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False
Explanation
(a) In modern states, because of large territory and population, direct democracy could not survive.
(b) In modern democratic states all citizens do not take active part in the affairs of the government.
(c) Citizens elect their representatives who can think, speak and act on behalf of the people and make decision and implement policies.
Which of the following programmes is launched by the Govt of India for school-going children?
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Bharat Nirman
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ASHA
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Mid Day Meal
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Kutir Jyoti
Explanation
Mid day meal scheme is a scheme introduced by the government to promote basic primary education. The scheme helps to provide better nutrients to the kids by providing food. It is introduced with the intention to increase attendance, retain kids, and also improves nutritional level of the kids.
The National Council of Educational Research and Training was established in________.
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$$1961$$
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$$1962$$
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$$1956$$
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$$1960$$
Explanation
The National Council of Educational Research and Training(NCERT) is an autonomous organisation of government established on 1st September 1961. This council was a merging of 7 existing National institutions of government.
Medical intervention during illness implies _______.
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social medicine
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preventive medicine
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curative medicine
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none of the above
Explanation
Medical intervention during illness implies curative medicine. Curative medicine is when an underlying disease is being treated/cured. Curative medicine is to cure or control a medical condition.
Spreading of health literacy is an example of _____.
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social medicine
0%
preventive medicine
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curative medicine
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none of the above
Explanation
Spreading health literacy is an example of social medicine. Social medicine is concerned with creating awareness among the people regarding a disease, impact of social and economic conditions on health etc.
Who regulates the health sector in India?
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Ministries of health at the union and state level
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Departments of health
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Various organisations like ICMR
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All of these
Explanation
In India health sector is regulated by ministries of health at the union and state level, departments pf health, various organisations like ICMR, AICTE, NCERT etc.
GER stands for _________.
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gross entertainment ratio
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gross enrolled ratio
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gross enrolment ratio
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none of the above.
Explanation
GER stands for Gross Enrolment Ratio is used in education sector. It is expressed as the number of students enrolled at various grade levels and the actual population of children in that age.
Which of the following highlights the importance of human capital formation?
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It accelerates economic growth
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It ensures social change in desired directions
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Both A and B
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None of these
Explanation
Human capital formation helps in accelerating economic growth as by investing in human capital necessary skills are given to the workforce to increase productivity. Human capital helps in utilisation of physical capital and ensures social change in desired direction.
Hence, C is the correct option.
What are the various forms of health expenditures as an important source of human capital formation?
Report Question
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Preventive medicine
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Curative medicine
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Social medicine
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All of these
Explanation
The various forms of health expenditures are preventive medicine, curative medicine, social medicine. Preventive medicine is for prevention of a particular disease, Curative medicine/care is expenditure for curing an existing disease, and social medicine/care to create awareness among people about diseases, its care, reasons of their occurrence etc.
Hence, D is the correct option.
How is health expenditure a source of human capital formation?
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It directly increases the supply of healthy labour force
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It isn't a source of human capital formation
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Because it is mentioned in labour laws
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None of the above
Explanation
Health expenditure is a source of human capital formation as a healthy workforce will be more productive than a unhealthy one. Thereby, health expenditure increases supply of healthy labour force and greater productivity and efficiency.
Migration involves cost of transport, higher cost of living in the migrated places and psychic costs of living in a strange sociocultural setup. Then how is it a source of human capital formation?
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It helps people to utlise their potential
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It is not a source of human capital formation
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The enhanced earnings in the new place outweigh the costs of migration
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None of these
Explanation
Migration is a source of human capital even though there are a lot of costs involved like cost of transport, higher living cost etc. But the income earned is more than the cost and hence, its a source of human capital.
Hence, C is the correct option.
What is the main source of human capital?
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Investments in health
0%
Investment in education
0%
Migration
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On - the job training
Explanation
The main source of human capital is investment in education. People invest in education to provide knowledge to their kids and also expect future returns.
Knowledge, technical skill, education etc in economics, are regarded as __________.
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social- overhead capital
0%
human capital
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tangible physical capital
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working capital
Explanation
Human Capital is knowledge, technical skill, investment in education, creativity, habits etc.
Which of the following are sources of human capital?
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Migration
0%
Information
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Investments in health
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All of these
Explanation
Human capital is the stock of knowledge, skills and abilities etc. Migration, Information, education and investment in health are sources of human capital. Migration brings in more people from one area to another thereby increasing human capital, investment in health improves the quality of work put in by the workforce thereby improving their abilities and productivity and information enhances knowledge and skills.
Hence, D is the correct option.
Government organisation which regulates the medical sector are _____.
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AICTE
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ICMR
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UGC
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None of these
Explanation
Indian Council for Medical Research in Delhi is the apex body for the formulation, coordination and promotion of biomedical research. It is one of the oldest body in the world.
Very often we read in newspapers/magazines about 'Sovereign Wealth Funds'. Which of the following is/are the correct description of the same?
A. These are the funds or the reserves of a government or central bank of a country which are invested further to earn profitable returns.
B. These are the funds which were accumulated by some people over the years but were not put in active circulation as they retain them as black money for several years.
C. The funds which are created to be used as relief funds or bailout packages.
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Both (B) and (C) only
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Only (B)
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Only (C)
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Only (A)
Explanation
Only statement A is correct. Sovereign wealth Funds is a state government owned investment fund. Money is invested in bonds, real estate, precious metals, stocks etc. Money is invested to earn profit they are not created for the sole purpose of welfare.
Which fundamental right was introduced in the 86th Amendment of the Constitution of India?
Report Question
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Right to expression
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Free and compulsory education for all children in the age group of 6-14 years
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Free and compulsory education for all
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Free and compulsory education for all children in the age group of 6-18 years
Explanation
Sarva shiksha abhiyan is an Indian government initiative introduced in the 86th Amendment of the constitution of India of making free and compulsory education to children between the age of 6-14 years of age as a fundamental right.
The percentage of education expenditure of GDP expresses _____.
Report Question
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the importance of education in the scheme of things before the government
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how much of our income is being committed to the development of education in the country
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both A and B
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none of these
Explanation
Education expenditure is expressed as a percentage of total government expenditure/total government expenditure. It
is expressed as how much of the total income is being committed to the development of education in the country.
GDP is a monetary measure of the market value of goods and services produced over the year in the country or the total expenditure on goods and services over the year or government expenditure.
Hence, B is the correct option.
The per capita education expenditure is lowest in _______
state of India.
Report Question
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Lakshadweep
0%
Uttar Pradesh
0%
Bihar
0%
Madhya Pradesh
Explanation
Per capita education expenditure is the amount of expenditure done on education during the year. State of Bihar has the lowest per capita income.
The percentage of education expenditure of total government expenditure indicates _______.
Report Question
0%
how much of our income is being committed to the development of education
0%
importance of education in the scheme of things before the government
0%
both A and B
0%
none of these
Explanation
The percentage of education expenditure of total government indicates importance of education in the scheme of things before the government. Percentage of education expenditure of total expenditure shows how much of the total expenditure has the government done on education thereby showing its importance.
Education expenditure by the government is expressed as a percentage of _______.
Report Question
0%
total government expenditure
0%
gross domestic product
0%
total revenue of government
0%
none of these
Explanation
Education expenditure is expressed as a percentage of total government expenditure/total government expenditure. It
is expressed as how much of the total income is being committed to the development of education in the country. GDP is a monetary measure of the market value of goods and services produced over the year in the country or the total expenditure on goods and services over the year or government expenditure.
The per capita education expenditure is highest in ______ state of India.
Report Question
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Lakshadweep
0%
Kerala
0%
Bihar
0%
Tamil Nadu
Explanation
Per capita education expenditure is the amount of expenditure done on education during the year, The highest per capita expenditure is for the state of Lakshadweep.
_______ education takes a major share of total education expenditure and the share of the ________ education is the least.
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Higher. Elementary
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Tertiary, elementary
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Elementary, higher
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Higher. tertiary
Explanation
Elementary education takes the highest major share of total expenditure and higher education is the least. Elementary education/primary education is the basic or the first level of education and hence, government emphasises on it more.
86th Amendment of the Constitution of India, made free and compulsory education a fundamental right of all children in the age group __________.
Report Question
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3-15 years
0%
6-14 years
0%
6-15 years
0%
5-18 years
Explanation
Sarva shiksha abhiyan is an Indian government initiative of making free and compulsory education to children between the age of 6-14 years of age as a fundamental right.
As per Human Development Report, $$2009$$, India ranks _________ in terms of HDI index.
Report Question
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$$130$$
0%
$$134$$
0%
$$120$$
0%
$$127$$
Explanation
As per Human Development Report, 2009, India ranks 134 in terms of HDI Index. HDI stands for Human Development Index. It can be defined as a statistic composite index of human development indicators, like, life expectancy, education, per capita income, etc. HDI helps to rank countries.
For measuring human well-being which of this index is used?
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Retail price index.
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Gini index.
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HDI.
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CPI.
Explanation
For measuring human well-being, HDI( Human Development index ) is used.
HDI stands for Human Development Index. It can be defined as a statistic composite index of human development indicators, like, life expectancy, education, per capita income, etc. HDI helps to rank countries.
The health, strength, education, training, and which people bring to their jobs is termed as ______.
Report Question
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human resource
0%
human values
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human capital
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human investment
Explanation
Human capital refers to the skills and knowledge possessed by an individual. It is viewed in terms of its value and cost to the business organization.
Human capital formation can be increased by investing more in the education sector and promoting the importance of gaining knowledge and skill.
Hence the health, strength, education, training, and which people bring to their jobs is termed human capital.
So option c is the correct.
It is assumed in economic theory that:
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Decision making within the firm is usually undertaken by managers, but never by the owners.
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The ultimate goal of the firm is to maximize profits, regardless of firm size or type of business organization.
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As the firms size increases, so do its goals.
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The basic decision making unit of any firm is it owners.
Explanation
In economic theory it is assumed that the ultimate goal of the firm is to maximize profits, regardless of firm size or type of business organization, because every firm tries to maximize its profits.
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