NCERT Class 12 Economics Chapter 12 Human Capital Formation MCQs & PYQ

In NCERT Class 12 Economics Chapter 12, titled "Human Capital Formation," students explore the role of human capital in economic development. This chapter focuses on education, health, and skill development as key components of human capital. It also examines the importance of investments in human resources, challenges in achieving human capital development, and government initiatives to improve education and health sectors.

This article serves as a comprehensive resource for exam preparation. It includes sample MCQs and subjective questions for CBSE and CUET, along with downloadable PDFs of Class 12 Economics Chapter 12 MCQs and previous year questions for detailed practice of NCERT Class 12 Human Capital Formation.

Download the MCQs for CBSE/CUET Download NCERT/CBSE PYQ (Subjective)

This question bank includes previous years' CUET and CBSE MCQs, along with questions curated by subject experts. Below are 5 sample multiple-choice questions (MCQs) for Class 12 Economics Chapter 12: Human Capital Formation. For the full set of 50 questions, download the PDF using the link provided below.

1- Read the following statements - Assertion(A) and Reason (R). Choose one of the correct alternatives given below:

Assertion (A): Human capital is not traded in the market; however, its services are traded.

Reason (R): Human capital is intangible in nature.

(a) Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A).

(b) Both Assertion (A) and Reason (R) are true and Reason (R) is not the correct explanation of Assertion (A).

(c) Assertion (A) is true, but Reason (R) is false.

(d) Assertion (A) is false, but Reason (R) is true.

2. Benefits of physical capital accrue only to private entities, whereas human capital provides private as well as ________ benefits. (Fill up the blank with correct alternative)

(a) profitable

(b) social

(c) fiscal

(d) monetary

3. Capital Account of balance of payment includes:

A. Export and Import of goods

B. Receipt of loans from abroad

C. Purchase of shares in foreign countries

D. Current transfers from Abroad

E. Repayment of International loans

Choose the correct answer from the options given below:

(a) A, D, C only

(b) D, B, A only

(c) B, C, E only

(d) E, A, D only

4. Human Development is based on the idea that,

(a) Consider education and health as a means of productivity

(b) Education and health are integral to human well-being

(c) Health facility development of labour

(d) Education facility development of labour

5. As per the report of German Bank (Deutsche Bank), India will grow very fast in the following years mainly because of:

(a) Indian Capital Formation

(b) State Capital Formation

(c) Rural Capital Formation

(d) Human Capital Formation

This question bank includes previous years' CBSE subjective questions (2 marks and above) without solutions, along with expert-curated questions. Below are 5 sample subjective questions for Class 12 Economics Chapter 12: Human Capital Formation. To access all questions, download the PDF from the link provided below.

In NCERT Class 12 Economics Chapter 12, "Human Capital Formation," students gain an in-depth understanding of the pivotal role human capital plays in fostering economic growth. The chapter emphasizes education and health as fundamental investments for enhancing productivity and overall economic performance. It also highlights policy measures aimed at overcoming challenges in human capital formation.

Mastering this chapter is crucial for analyzing the impact of human resource development on a nation’s economy and preparing for exams like CBSE, CUET, and other competitive exams.