Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Indian Economic Development: Human Capital Formation in India

Question:

What is the primary objective of increasing government expenditures in the education sector in India over the years?

Options:

To promote competition among educational institutions.

To prevent monopoly of private sector in education.

To attain cent per cent literacy and increase educational attainment.

All of the above

Correct Answer:

To attain cent per cent literacy and increase educational attainment.

Explanation:

In a developing country like India, with a large section of the population living below the poverty line, many people cannot afford to access basic education and health care facilities. Moreover, a substantial section of India’s population cannot afford to reach super specialty health care and higher education. Furthermore, when basic education and health care is considered as a right of the citizens, then it is essential that the government should provide education and health services free of cost for the deserving citizens and those from the socially oppressed classes. Both, the union and state governments, have been stepping up expenditures in the education sector over the years in order to fulfil the objective of attaining cent per cent literacy and considerably increase the average educational attainment of Indians.