This quiz works best with JavaScript enabled. Home > Economics > Human Capital > General > Human Capital – Quiz 3 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Human Capital Quiz 3 (30 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. ..... can be found in your phone and is a good conductor or electricity A) Diamonds. B) Copper. C) Coal. D) Salt. Show Answer Correct Answer: B) Copper. 2. NABARD was set up in ..... A) 1892. B) 1952. C) 1982. D) None of above. Show Answer Correct Answer: C) 1982. 3. Firefighters are an example of a what? A) Tool resource. B) Human resources. C) Capital resources. D) Natural Resource. Show Answer Correct Answer: B) Human resources. 4. People who use their skills to produce a good or service A) Natural resource. B) Human resource. C) Capital resource. D) None of above. Show Answer Correct Answer: B) Human resource. 5. What are accepted average calories required in India in urban areas to stay above the poverty line? A) 2100. B) 2300. C) 2200. D) 2400. Show Answer Correct Answer: A) 2100. 6. Agricultural marketing is a process that involves functions of ..... A) Storage. B) Distribution. C) Processing. D) All the above. Show Answer Correct Answer: D) All the above. 7. ..... are people who use their skills to produce a good or service A) Natural resource. B) Human resource. C) Capital resource. D) None of above. Show Answer Correct Answer: B) Human resource. 8. What is the work that a person does called? A) Income. B) Salary. C) Credit. D) Labor. Show Answer Correct Answer: D) Labor. 9. The scheme of "Micro Finance" is extended through: A) Self Help Groups. B) Land Development Banks. C) NABARD. D) Regional Rural Banks. Show Answer Correct Answer: A) Self Help Groups. 10. What is full form of UGC A) Universal Global Commission. B) University Global Commission. C) Universal Grant Corporation. D) University Grants Commission. Show Answer Correct Answer: D) University Grants Commission. 11. Which Five Year Plan recognised the importance human capital? A) Tenth. B) Seventh. C) Fifth. D) None of above. Show Answer Correct Answer: B) Seventh. 12. Why human capital is superior to other resources like land and physical capital? A) Land and capital cannot become useful on its own. B) Human resource can make use of land and capital. C) Human beings are the most supreme creation of the God. D) Both (a) & (b). Show Answer Correct Answer: D) Both (a) & (b). 13. Which one of the following is an indicator of educational achievement in a country? A) Youth Literacy Rate. B) Adult Literacy RAte. C) Primary Completion Rate. D) All of these. Show Answer Correct Answer: D) All of these. 14. Which one of the following is/are the feature of MGNREGA? A) (a)Self employment by providing bank loans. B) (b)100 days of guaranteed employment. C) (c )It is a wage employment programme. D) Both (b) and (c ). Show Answer Correct Answer: D) Both (b) and (c ). 15. Which of the following is not the sources of human capital formation of a country? A) Expenditure on Defence. B) Expenditure on Training. C) Expenditure on Education. D) Expenditure on Health. Show Answer Correct Answer: A) Expenditure on Defence. 16. The stock of skill, expertise, education and knowledge in a nation at a point of time know as A) Human development. B) None. C) Human resource. D) Human capital. Show Answer Correct Answer: D) Human capital. 17. How do investments in human capital help improve a nation's economy? A) By improving access to natural resources. B) By reducing the efficiency of production. C) By reducing competition between businesses. D) By improving the job skills of the population. Show Answer Correct Answer: D) By improving the job skills of the population. 18. The planning commission has defined the poverty line based on the recommended nutritional necessity of ..... calories per person per day for urban areas. A) 3000. B) 2100. C) 3100. D) 2500. Show Answer Correct Answer: B) 2100. 19. Time period of Golden Revolution is A) 1991-2008. B) 1991-2012. C) 1991-2003. D) 1993-2003. Show Answer Correct Answer: C) 1991-2003. 20. In India, which of the following organizations regulates the health sector? A) ICMR. B) UGC. C) AICTE. D) None of these Explanation:-ICMR (Indian Council of Medical Research) regulates the health sector of India. Show Answer Correct Answer: A) ICMR. 21. Which of the following is NOT true about a college education? A) There are opportunity costs associated with it. B) It is the only way to generate more income. C) It can increase your income potential. D) It increases your market value. Show Answer Correct Answer: B) It is the only way to generate more income. 22. When a human become capital? A) By developing skills. B) By getting education. C) By good health. D) All of above. Show Answer Correct Answer: D) All of above. 23. A business owner earns $ 50.00 per hour. The owner works for 3 hours on Monday and 4 hours on Tuesday. How much does the business owner earn on Monday and Tuesday combined? A) $ 150.00. B) $ 200.00. C) $ 300.00. D) $ 350.00. Show Answer Correct Answer: D) $ 350.00. 24. In which year Right To Education act enacted in India? A) 2020. B) 2015. C) 2010. D) 2009. Show Answer Correct Answer: D) 2009. 25. What is the age group of children under RTE act for free and compulsory education? A) 10 to 14 Years. B) 6 to 14 Years. C) 5 to 10 Years. D) 1 to 5 Years. Show Answer Correct Answer: B) 6 to 14 Years. 26. Which organisations is not related from ministries of education? A) AICTE. B) UGC. C) NCERT. D) BJP. Show Answer Correct Answer: D) BJP. 27. Why do we need resources? A) They help us meet our needs. B) They are expensive. C) They make life more fun. D) They give us more to do. Show Answer Correct Answer: A) They help us meet our needs. 28. Government established the institutional sources of finance: A) To provide adequate credit to farmers at a cheaper interest rate. B) To assist small farmers to raise their income. C) Both A and B. D) None of the above. Show Answer Correct Answer: C) Both A and B. 29. Which of the following is an example of physical capital? A) Machinery. B) Health of people. C) Education and knowledge. D) None of above. Show Answer Correct Answer: A) Machinery. 30. ..... are things used to produce goods and services. A) Income. B) Charity. C) Spending. D) Resources. Show Answer Correct Answer: D) Resources. ← PreviousNext →Related QuizzesHuman Capital QuizzesEconomics QuizzesHuman Capital Quiz 1Human Capital Quiz 2Human Capital Quiz 4Human Capital Quiz 5Human Capital Quiz 6Human Capital Quiz 7Human Capital Quiz 8 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books