Human Capital Formation in India Test

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Human Capital Formation in India Test - 1

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Weekly Quiz Competition

Question 1
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What is the primary objective of the University Grants Commission (UGC) in India?

A
To regulate migration across borders.

B
To ensure standards in higher education.

C
To promote physical capital investment.

D
To provide vocational training for adults.

Solution

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.
Question 2
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What is the key difference between Off-the-Job Training and On-the-Job Training?

A
Off-the-Job Training focuses on theoretical knowledge, while On-the-Job Training involves practical, real-time learning.

B
Off-the-Job Training requires leaving the workplace, while On-the-Job Training is done within the workplace.

C
Off-the-Job Training is for experienced employees, while On-the-Job Training is for new recruits.

D
Off-the-Job Training is government-funded, while On-the-Job Training is employer-funded.

Solution

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.
Question 3
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What is the process of increasing the stock of human capital over time called?

A
Human Development

B
Human Capital Formation

C
Human Capital Migration

D
Human Capital Investment

Solution

Human Capital Formation refers to the process of increasing the stock of human capital over time by acquiring and enhancing skills, knowledge, and experience.
Question 4
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What is the primary role of human capital formation in economic growth?

A
Reducing unemployment rates

B
Managing physical capital investments

C
Decreasing life expectancy rates

D
Enhancing innovative skills

Solution

Human capital formation contributes to economic growth by enhancing innovative skills, which are essential for technological advancements and increased productivity.
Question 5
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What are the fundamental human rights according to the concept of human development?

A
Right to migration and health

B
Right to technology and innovation

C
Right to physical capital and employment

D
Right to education and health

Solution

According to the concept of human development, education and health are considered fundamental human rights, enabling individuals to realize their potential.
Question 6
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What is the primary objective of the All India Council for Technical Education (AICTE)?

A
Providing financial resources for all education sectors

B
Regulating migration and population growth

C
Ensuring quality assurance through accreditation

D
Focusing on physical capital development

Solution

AICTE 's primary objective is to ensure quality assurance through accreditation and to manage and develop the technical education system in India.
Question 7
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Which of the following statements is not a merit of human capital formation?

A
Human capital formation plays an important role in improving technical knowledge

B
Human capital formation helps to expand the size of businesses

C
Human capital formation is important for the purpose of changing social outlooks

D
Human capital formation leads to an increase in the overall cost of production

Solution

Answer: d
Question 8
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According to the conclusion, what must India prioritize for economic growth and equity?

A
Migration Policies

B
Physical Capital Investment

C
Education and Healthcare Accessibility

D
Population Growth

Solution

India must prioritize education and healthcare accessibility across society to achieve economic growth and equity simultaneously.
Question 9
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What is the significance of education according to the text?

A
Development of science and technology

B
Narrowing cultural standards

C
Efficient utilization of natural resources

D
Promoting brain drain

Solution

Education plays a crucial role in the development of science and technology, according to the text.
Question 10
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What is the current status of adult literacy in India, as mentioned in the text?

A
Achieved 100%

B
Experiencing brain drain

C
Still a significant number of illiterate people

D
Facing low rural access levels

Solution

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

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Human Capital Formation in India Test - 1

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Human Capital Formation in India Test - 1

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SHARING IS CARING

Question 1

To regulate migration across borders.

To ensure standards in higher education.

To promote physical capital investment.

To provide vocational training for adults.

Solution

Question 2

Off-the-Job Training focuses on theoretical knowledge, while On-the-Job Training involves practical, real-time learning.

Off-the-Job Training requires leaving the workplace, while On-the-Job Training is done within the workplace.

Off-the-Job Training is for experienced employees, while On-the-Job Training is for new recruits.

Off-the-Job Training is government-funded, while On-the-Job Training is employer-funded.

Solution

Question 3

Human Development

Human Capital Formation

Human Capital Migration

Human Capital Investment

Solution

Question 4

Reducing unemployment rates

Managing physical capital investments

Decreasing life expectancy rates

Enhancing innovative skills

Solution

Question 5

Right to migration and health

Right to technology and innovation

Right to physical capital and employment

Right to education and health

Solution

Question 6

Providing financial resources for all education sectors

Regulating migration and population growth

Ensuring quality assurance through accreditation

Focusing on physical capital development

Solution

Question 7

Human capital formation plays an important role in improving technical knowledge

Human capital formation helps to expand the size of businesses

Human capital formation is important for the purpose of changing social outlooks

Human capital formation leads to an increase in the overall cost of production

Solution

Question 8

Migration Policies

Physical Capital Investment

Education and Healthcare Accessibility

Population Growth

Solution

Question 9

Development of science and technology

Narrowing cultural standards

Efficient utilization of natural resources

Promoting brain drain

Solution

Question 10

Achieved 100%

Experiencing brain drain

Still a significant number of illiterate people

Facing low rural access levels

Solution

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