Education and Health Expenditure Nature
Education and health services create:
- Only private benefits
- Only social benefits
- Both private and social benefits — Correct Answer
- No benefits
Explanation:
Correct Answer Explanation
Education and health care services create both private and social benefits.
Key Points:
- This is why both private and public institutions exist in these sectors.
- Government intervention is essential due to long-term impact and irreversibility.
📚 About this Topic — CH-4: HUMAN CAPITAL FORMATION IN INDIA
This multiple choice question is from CH-4: HUMAN CAPITAL FORMATION IN INDIA, Indian Economic Development, NCERT Books. It has 4 options with a detailed explanation of the correct answer. Practice more MCQs from CH-4: HUMAN CAPITAL FORMATION IN INDIA to strengthen your preparation.
