Education Expenditure Measurement
Government expenditure on education is expressed as:
- Only in absolute terms
- As percentage of total government expenditure and as percentage of GDP — Correct Answer
- As percentage of defence expenditure
- Only in per capita terms
Explanation:
Correct Answer Explanation
Expressed in two ways: (i) as percentage of total government expenditure, (ii) as percentage of GDP.
Key Points:
- Percentage of total government expenditure indicates importance of education for government.
- Percentage of GDP expresses how much of people's income is committed to education.
📚 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.
