1. Before introducing the technology, a firm provides the basic skills to the workers regarding its usage. This is which source of human capital formation? a. Study programs for adults b. On the job training c. Expenditure on information d. Investment in education 2. The quality of education plays a pivotal role in human capital formation. What is the likely consequence of inadequate access to quality education? a. Increased technological advancements and innovations b. Improved labour productivity due to skill development c. Reduced ability to adopt to changing market demand d. Increased dependency on foreign investment 3. The government of India has introduced policies to encourage entrepreneurship and innovation. What is a likely benefit of an entrepreneurial culture? a. Reduced competition and monopoly formation b. Decreased risk -taking behaviour among individuals c. Increased job opportunities and skill diversification d. Slower economic growth due to reduced stability 4. Which cost is involved in Migration? a. Transportation cost b. Higher living cost in migrated place c. Both (a) and (b) d. None of these 5. Gender equality is essential for holistic human capital formation. What effect does gender equality have on human capital formation? a. It has no significant impact on human capital formation b. It leads to more diverse and skilled workforce c. It primarily benefits male workers, neglecting female workers d. It leads to increased competition and decreased workforce collaboration. 6. Which of the following in Not a health indicator to assess the progress of human capital formation in country? a. Crude Death Rate b. Life expectancy c. Infant Mortality Rate d. Literacy rate 7. Demographic dividend means a. The growth that can occur when a country’s population has a large number of people in the working-age bracket b. Brain drain is one of the main problems of human capital formation in India c. Low academic standards are one of the main problems of human capital formation in India. d. All of the above 8. National Literacy Mission launched in 1988, was recast as ‘Saakshar Bharat” in September 2009. This program aims at ____. a. Imparting functional literacy to all girl children in the country. b. Imparting functional literacy to all non-literate adults in the age group of 15 and above with its primary focus on women c. Free and compulsory education to all children in the age group of 6-14 years d. Both (a) and (c) 9. The improvement in skills and knowledge of employees through on-the job training programs is an example of ____. a. Continuous professional development b. Inclusive economic growth c. Fiscal policy reforms d. Technological unemployment 10. Human capital and human development are ______. a. Both mean the same b. Both are opposite concepts c. Both are different concept d. Both are related but not identical