This quiz works best with JavaScript enabled. Home > Human Capital > General > Human Capital – Quiz 11 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Human Capital Quiz 11 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. The Education Commission had recommended that at least ..... percent of GDP to be spent on Education. A) 4. B) 6. C) 9. D) None of above. Show Answer Correct Answer: B) 6. 2. Which is NOT a natural resource A) Car. B) Corn. C) Cotton. D) Dogs. Show Answer Correct Answer: A) Car. 3. What is Adult Male Literacy Rate in the country in 2015? A) 80 %. B) 70 %. C) 81%. D) 75%. Show Answer Correct Answer: C) 81%. 4. ..... is money earned for work people do. A) Spending. B) Interest. C) Charity. D) Income. Show Answer Correct Answer: D) Income. 5. How can a person increase their chances of finding a job in the workforce? A) Develop marketable skills. B) Accumulate personal debt. C) Demand high wages. D) Leave school early. Show Answer Correct Answer: A) Develop marketable skills. 6. Which action would MOST LIKELY lead to increased income? A) Owning a large house. B) Retiring at a young age. C) Graduating from college. D) Traveling around the world. Show Answer Correct Answer: C) Graduating from college. 7. Credit taken for a period of 15 years is known as A) Short term credit. B) Medium term credit. C) Long term credit. D) All of these. Show Answer Correct Answer: C) Long term credit. 8. ..... is paying money for goods such as food and clothes or services such as a haircut. A) Spending. B) Credit. C) Interest. D) Charity. Show Answer Correct Answer: A) Spending. 9. An organization of workers dedicated to protecting members' interests and improving wages, hours and working conditions for all. A) Labor Union. B) Workers Rights. C) Worker Strikes. D) Collective Bargaining. Show Answer Correct Answer: A) Labor Union. 10. Which of the following are natural resources? A) Water. B) Trees. C) Animals. D) All of them. Show Answer Correct Answer: D) All of them. 11. An increase in the capital utilized in the production process leads to what? A) An increase in specialization. B) An increase in labor and wages. C) An increase in workers' productivity. D) An increase in human capital utilization. Show Answer Correct Answer: C) An increase in workers' productivity. 12. Which factors are related to expenditure on Health for Human Capital Formation A) Preventive Medicine. B) Curative Medicine. C) Social Medicine. D) All of these. Show Answer Correct Answer: D) All of these. 13. BETTER INDICATOR OF ECONOMIC DEVELOPMENT IS ..... A) REAL PER CAPITA INCOME. B) NATIONAL INCOME. C) PER CAPITA INCOME. D) NATIONAL PRODUCTION. Show Answer Correct Answer: A) REAL PER CAPITA INCOME. 14. Which of the following is a capital resource? A) Fish. B) Basket weaver. C) Canoe. D) Corn. Show Answer Correct Answer: C) Canoe. 15. School, fishing boats, tractors, machines, are all examples of ..... resources. A) Captial. B) Human. C) Service. D) Natural. Show Answer Correct Answer: A) Captial. 16. Which of the following is a major source of Human Capital Formation in a Country? A) Expenditure on Education. B) Expenditure on Subsidy. C) Expenditure on fertilisers. D) Expenditure on Education. Show Answer Correct Answer: A) Expenditure on Education. 17. ..... and ..... are the twin pillars on which the edifice of the social sector reforms rests. A) . Education and infrastructure. B) Education and health. C) Education and poverty. D) Education and employment. Show Answer Correct Answer: B) Education and health. 18. How would the rise of digital communication (emails, texting, etc) impact the market for mailmen (mail people) A) Demand for mailmen would increase. B) Demand for mailmen would decrease. C) Supply of mailmen would increase. D) The market is unaffected. Show Answer Correct Answer: B) Demand for mailmen would decrease. 19. Which one of the following is not an non-institutional source of credit? A) Money lenders. B) Relatives. C) Traders. D) Land Development Banks. Show Answer Correct Answer: D) Land Development Banks. 20. When you buy something on ..... you pay for it later. A) Spending. B) Credit. C) Interest. D) Saving. Show Answer Correct Answer: B) Credit. ← PreviousNext →Related QuizzesHuman Capital QuizzesHuman Capital Quiz 1Human Capital Quiz 2Human Capital Quiz 3Human Capital Quiz 4Human Capital Quiz 5Human Capital Quiz 6Human Capital Quiz 7Human Capital Quiz 8Human Capital Quiz 9 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books