Exam Study PK (Page 113)

Major cause of low productivity of many workers

Major cause of low productivity of many workers (a) Insufficient educational means (b) Poor quality of work (c) Attitude of factory owners (d) None ✅ Correct option: (a) Explanation: Lack of

Tauseef Ahmad

25 Nov 2025 · 1 min read

economic foundations of education

Social capital yields

Social capital yields (a) A lot of benefit (b) No profit or loss (c) Very little direct return (d) None ✅ Correct option: (c) Explanation: Social capital gives indirect benefits, not

Tauseef Ahmad

25 Nov 2025 · 1 min read

economic foundations of education

Education serves as an agent for

Education serves as an agent for (a) Social uplift (b) Economic uplift (c) Both a & b (d) None ✅ Correct option: (c) Explanation: Education improves social status and economic opportunities.

Tauseef Ahmad

25 Nov 2025 · 1 min read

economic foundations of education

Academic inflation results in an excess of

. Academic inflation results in an excess of (a) University-educated individuals with higher degrees (b) Unskilled educated individuals (c) College-educated with lower degrees (d) None ✅ Correct option: (a) Explanation: Academic inflation

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25 Nov 2025 · 1 min read

economic foundations of education

Non-formal education is important because many skills come from outside

Non-formal education is important because many skills come from outside (a) Traditional schooling (b) Formal schooling (c) Informal schooling (d) Both a & b ✅ Correct option: (d) Explanation: Many modern

Tauseef Ahmad

25 Nov 2025 · 1 min read

economic foundations of education

Countries with high enrolment/graduation rates have grown

Countries with high enrolment/graduation rates have grown (a) Slower (b) Faster (c) Equal (d) None ✅ Correct option: (b) Explanation: Data shows education accelerates economic growth.

Tauseef Ahmad

25 Nov 2025 · 1 min read

economic foundations of education

Dominant model for demand of education is based on

Dominant model for demand of education is based on (a) Human capital theory (b) Physical capital theory (c) Intellectual capital theory (d) None ✅ Correct option: (a) Explanation: People invest in

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25 Nov 2025 · 1 min read

economic foundations of education

Physical capital along with the ______ defines profitability in education

Physical capital along with the ______ defines profitability in education (a) Social (b) Human (c) Organizational (d) None ✅ Correct option: (b) Explanation: Education profitability is linked to human capital.

Tauseef Ahmad

25 Nov 2025 · 1 min read

economic foundations of education

In European countries, most education expenditure is

In European countries, most education expenditure is (a) Social consumption (b) Economic consumption (c) Government consumption (d) None ✅ Correct option: (a) Explanation: Education spending is treated as social consumption for

Tauseef Ahmad

25 Nov 2025 · 1 min read

economic foundations of education

Early works in economics of education studied the relationship between

Early works in economics of education studied the relationship between (a) Schooling & macroeconomics (b) Schooling & labour market (c) Schooling & wages (d) Schooling & choices ✅ Correct option: (b)

Tauseef Ahmad

25 Nov 2025 · 1 min read

economic foundations of education

Economics of education is basically a study of

Economics of education is basically a study of (a) Economic issues relating to education (b) Issues relating to society (c) Education issues related to economics (d) None ✅ Correct option: (a)

Tauseef Ahmad

25 Nov 2025 · 1 min read

economic foundations of education

Economics of education is also termed as

Economics of education is also termed as (a) Education economics (b) Educational economy (c) Economy of education (d) None ✅ Correct option: (a) Explanation: The standard term is Education Economics.

Tauseef Ahmad

25 Nov 2025 · 1 min read

economic foundations of education

The field in which economics and education meet is

The field in which economics and education meet is (a) Institutions of primary education (b) Labour market analysis (c) University education (d) Manpower requirements ✅ Correct option: (b) Explanation: Labour market

Tauseef Ahmad

25 Nov 2025 · 1 min read

economic foundations of education

According to economics of education, the yield of education is expressed as

According to economics of education, the yield of education is expressed as (a) Number of students (b) Change in economic situation (c) A rate of return on its costs (d)

Tauseef Ahmad

25 Nov 2025 · 1 min read

economic foundations of education

The simple correlation of lifetime earnings with education is not necessarily

The simple correlation of lifetime earnings with education is not necessarily (a) A complex relation (b) A decisive indicator (c) Both a & b (d) None ✅ Correct option: (b) Explanation:

Tauseef Ahmad

25 Nov 2025 · 1 min read

economic foundations of education

According to Classical models, the level of employment is determined primarily by

According to Classical models, the level of employment is determined primarily by (a) Interest rates (b) Level of prices (c) Level of aggregate supply (d) Level of aggregate demand ✅ Correct

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25 Nov 2025 · 1 min read

economic foundations of education

Macroeconomics is the branch of economics that deals with

Macroeconomics is the branch of economics that deals with (a) The economy as a whole (b) Imperfectly competitive markets (c) Only long-run adjustments (d) Individual industries & households ✅ Correct option:

Tauseef Ahmad

25 Nov 2025 · 1 min read

biological bases of behaviour

The convoluted outer layer of the cerebrum is

The convoluted outer layer of the cerebrum is (a) The cerebral cortex (b) The corpus callosum (c) The cerebral hemisphere (d) All above ✅ Correct option: (a) The cerebral cortex Explanation:

Tauseef Ahmad

25 Nov 2025 · 1 min read