Indian Economy Mcq Questions

Indian Economy Mcq Questions

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Q1.The stock of skill, ability, expertise, education and knowledge in a nation at a point of time known as
A) None
B) Human Development
C) Human Capital
D) Human Resource

Q2. Source of human capital formation is
A) Expenditure on Textiles
B) Expenditure on Industries
C) Expenditure on Health
D) Expenditure on Building

Q3. People as a resource means
A) None
B) Country’s fixed capital in terms of their existing productive skills
C) Country’s natural capital in terms of their existing productive skills
D) Country’s working capital in terms of their existing working skills

Q4. Human capital consists of
A) Workers
B) Entrepreneurs
C) Entire population
D) Both workers and entrepreneurs

Q5.A person becomes a human resource when he/she
A) Is able to work
B) Belongs to particular age group
C) All of the above
D) Is willing to work

Q6. Land and building are
A) None of these
B) Human capital
C) Natural Capital
D) Man –Made Capital

Q7. People of which age group are treated as potential labour force
A) 0-6
B) 60-70
C) 15-35
D) 15-60

Q8. Human capital is similar to physical capital because
A) Raise nation’s ability to produce goods and services
B) Both
C) None
D) They are produced factor of production

Q9. Problems faced by the human capital formation is
A) Rising prices
B) Developed technology
C) Rising population
D) Devaluation of currency

Q10.Which plan stressed upon the importance of human capital
A) 5th
B) 7th
C) 8th
D) 6th

ANSWERS:

1. C
2. C
3. D
4. B
5. C
6. D
7. D
8. B
9. C
10. B

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