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Test: Human Capital Formation In India - 1 - Commerce MCQ


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10 Questions MCQ Test Economics Class 12 - Test: Human Capital Formation In India - 1

Test: Human Capital Formation In India - 1 for Commerce 2024 is part of Economics Class 12 preparation. The Test: Human Capital Formation In India - 1 questions and answers have been prepared according to the Commerce exam syllabus.The Test: Human Capital Formation In India - 1 MCQs are made for Commerce 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Test: Human Capital Formation In India - 1 below.
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Test: Human Capital Formation In India - 1 - Question 1

What is the primary objective of the University Grants Commission (UGC) in India?

Detailed Solution for Test: Human Capital Formation In India - 1 - Question 1

The University Grants Commission (UGC) is responsible for coordinating, determining, and maintaining standards of higher education in India. It plays a crucial role in ensuring the quality and recognition of universities, as well as the disbursement of funds to recognized educational institutions.

Test: Human Capital Formation In India - 1 - Question 2

What is the key difference between Off-the-Job Training and On-the-Job Training?

Detailed Solution for Test: Human Capital Formation In India - 1 - Question 2

Off-the-Job Training involves employees leaving their workplace for training, while On-the-Job Training is conducted within the workplace, allowing real-time application of skills.

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Test: Human Capital Formation In India - 1 - Question 3

What is the process of increasing the stock of human capital over time called?

Detailed Solution for Test: Human Capital Formation In India - 1 - Question 3

Human Capital Formation refers to the process of increasing the stock of human capital over time by acquiring and enhancing skills, knowledge, and experience.

Test: Human Capital Formation In India - 1 - Question 4

What is the primary role of human capital formation in economic growth?

Detailed Solution for Test: Human Capital Formation In India - 1 - Question 4

Human capital formation contributes to economic growth by enhancing innovative skills, which are essential for technological advancements and increased productivity.

Test: Human Capital Formation In India - 1 - Question 5

What are the fundamental human rights according to the concept of human development?

Detailed Solution for Test: Human Capital Formation In India - 1 - Question 5

According to the concept of human development, education and health are considered fundamental human rights, enabling individuals to realize their potential.

Test: Human Capital Formation In India - 1 - Question 6

What is the primary objective of the All India Council for Technical Education (AICTE)?

Detailed Solution for Test: Human Capital Formation In India - 1 - Question 6

AICTE's primary objective is to ensure quality assurance through accreditation and to manage and develop the technical education system in India.

Test: Human Capital Formation In India - 1 - Question 7

Which of the following statements is not a merit of human capital formation?

Detailed Solution for Test: Human Capital Formation In India - 1 - Question 7

Answer: d

Test: Human Capital Formation In India - 1 - Question 8

According to the conclusion, what must India prioritize for economic growth and equity?

Detailed Solution for Test: Human Capital Formation In India - 1 - Question 8

India must prioritize education and healthcare accessibility across society to achieve economic growth and equity simultaneously.

Test: Human Capital Formation In India - 1 - Question 9

What is the significance of education according to the text?

Detailed Solution for Test: Human Capital Formation In India - 1 - Question 9

Education plays a crucial role in the development of science and technology, according to the text.

Test: Human Capital Formation In India - 1 - Question 10

What is the current status of adult literacy in India, as mentioned in the text?

Detailed Solution for Test: Human Capital Formation In India - 1 - Question 10

Despite progress, India still has a significant number of illiterate people, and achieving 100% adult literacy is an ongoing goal.

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