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Class 12 Economics: Human Capital Formation — Chapter Test 1

Class 12 • Economics • Human Capital Formation • Chapter Test

MediumFREE

15

Questions

20 min

Duration

15

Marks (1 each)

No

Negative marking

Original practice questions with full solutions by ExamPortal.

Instructions

  • • Read each question carefully and pick the correct answer.
  • • You can mark questions for review and come back to them.
  • • Answers are saved automatically.
  • • The test is submitted automatically when time runs out.

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This test is completely free.

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SYLLABUS & QUESTION BLUEPRINT

Sample Practice Questions

Preview 5 sample questions from this 15-question test. Test your knowledge below or take the full exam in timed CBT mode.

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Question 1 of 15
Human capital refers to:
A
machines
B
the stock of skill, knowledge and health in people
C
money in banks
D
land
View Correct Answer & Step-by-Step Solution
Correct Option:(B)the stock of skill, knowledge and health in people

Detailed explanation is available inside the official test attempt review.

Question 2 of 15
The main sources of human capital formation are:
A
investment in education and health
B
buying machinery
C
building roads only
D
imports
View Correct Answer & Step-by-Step Solution
Correct Option:(B)buying machinery

Detailed explanation is available inside the official test attempt review.

Question 3 of 15
On-the-job training helps to:
A
reduce skills
B
increase the productivity of workers
C
increase unemployment
D
reduce wages
View Correct Answer & Step-by-Step Solution
Correct Option:(B)increase the productivity of workers

Detailed explanation is available inside the official test attempt review.

Question 4 of 15
Physical capital is:
A
intangible
B
tangible, like machines and buildings
C
the skills of workers
D
health
View Correct Answer & Step-by-Step Solution
Correct Option:(B)tangible, like machines and buildings

Detailed explanation is available inside the official test attempt review.

Question 5 of 15
Human capital is:
A
separable from its owner
B
inseparable from its owner
C
sold in markets
D
a physical asset
View Correct Answer & Step-by-Step Solution
Correct Option:(B)inseparable from its owner

Detailed explanation is available inside the official test attempt review.

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Frequently asked questions

How many questions are there in Class 12 Economics: Human Capital Formation — Chapter Test 1?

There are 15 questions to answer in 20 min. Each correct answer gives 1 mark, for a total of 15 marks.

Is there negative marking?

No. Wrong answers do not lose marks, so attempt every question.

Is this mock test free?

Yes, it is completely free. Just log in with your email to start.

What does this test cover?

It covers the chapter "Human Capital Formation" of Class 12 Economics. All questions are original, with a full solution for each.

Will I see my result and the solutions?

Yes. Right after you submit you get your score, accuracy, rank and percentile, and you can review every question with the correct answer and a step-by-step explanation.

Can I take this test again?

Yes, you can retake it as many times as you like and compare your scores.