Education Cess Earmarked For
Revenue from the education cess is earmarked for spending on:
- Higher education only
- Defence spending
- Elementary education — Correct Answer
- Foreign education
Explanation:
Correct Answer Explanation
Revenue from education cess is earmarked for spending on elementary education.
Key Points:
- 2 per cent education cess levied on all Union taxes.
- Government also sanctions outlays for higher education and student loan schemes.
📚 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.
