Target Exam

CUET

Subject

Economics

Chapter

Indian Economic Development: Human Capital Formation in India

Question:

Which of the following option is correct?

Options:

Government of India has started levying a 2 per cent ‘education cess’ on all Union taxes.

The revenues from education cess has been earmarked for spending on school education.

Directive Principles of the Constitution stated that the government should provide free and compulsory education for all children up to the age of 14 years within 15 years from the commencement of the Constitution.

All of the above

Correct Answer:

Government of India has started levying a 2 per cent ‘education cess’ on all Union taxes.

Explanation:

The correct answer is option 1: Government of India has started levying a 2 per cent ‘education cess’ on all Union taxes.

Option 2: The revenues from education cess has been earmarked for spending on school education.This is incorrect.The revenues from education cess has been earmarked for spending on elementary education.

Option 3:Directive Principles of the Constitution stated that the government should provide free and compulsory education for all children up to the age of 14 years within 15 years from the commencement of the Constitution.This is incorrect. Directive Principles of the Constitution stated that the government should provide free and compulsory education for all children up to the age of 14 years within 10 years from the commencement of the Constitution.