Check sibling questions

Benefits of Education

  1. It gives higher earning capacity
  2. Provides better social standing
  3. Enables us to make better choices in life
  4. It provides knowledge to understand changes taking place in society
  5. It facilitates adaption of new technologies

 

NCERT Questions

Question 8

Education is considered to be an important input for the development of a nation. How?

 

Question 13

Examine the role of education in the economic development of a nation.

 

Question 14

Explain how investment in education stimulates economic growth.

View answer

Benefits of Education:

It gives higher earning capacity

Provides better social standing

Enables us to make better choices in life

It provides knowledge to understand changes taking place in society

It facilitates adaption of new technologies

MCQ Other Books

Question 1

In the following questions, select the correct answers:

The expenditure of the government on education is expressed as:

  1. Percentage of total government expenditure
  2. Percentage of GDP
  3. Percentage of National Income
  4. Neither A nor B

View answer

  1. Percentage of total government expenditure
  2. Percentage of GDP

Explanation

Government Expenditure is measured in 2 ways:

  1. Percentage of Total Government expenditure
  2. Percentage of GDP

 

Percentage of Total Government expenditure

It is calculated by following formula

Total Education Expenditure/ Total Govt Expenditure * 100

This denotes importance of education in scheme of things before the government

 

Percentage of GDP

It is calculated by following formula

Total Education Expenditure/ Total GDP *100

This Denotes how much percentage of people's income is committed to development of expenditure in India

 

Question 2

Identify the correctly matched pair from column A to that of Column B:

Column A  Column B  
1. Sarva Siksha Abhiyan   (a) Rural Education  
2. National Council  of Educational Research and Training   (b) Adult Education  
3. Indira Gandhi  National Open  University   (c) Higher Education  
4. Kendra Vidhyalaya  (d) Elementary  Education  

 

  1. 1 – (a)
  2. 2 – (b)
  3. 3 – (c)
  4. 4 – (d)

View answer

C. 3 – (c)

Explanation

National Council of Educational Research and Training is for secondary education

Kendra Vidhyalaya is for primary and secondary education


Transcript

BENEFITS OF EDUCATION Illiterate Person Does Manual Work (Less Salary) Less Respect in Society Can't make good decisions Marry Early, More kids) Literate Person Does Computer Work (More Salary) More Respect in Society Makes better choices (Marry late, less kids) Why is Education Important? It gives higher earning capacity Provides better social standing Enables us to make better choices in life BENEFITS OF EDUCATION Illiterate Person VS Doesn’t understand changes in society (No idea of COVID) Better understanding of change in society (Takes Covid precautions) Use Old Technology (Old phone) Uses Latest Technology (iPhone) Why is Education Important? It provides knowledge to understand changes taking place in society It facilitates adaption of new technologies

  1. Economics Class 12
  2. Indian Economic Development

About the Author

Maninder Singh

CA Maninder Singh is a Chartered Accountant for the past 14 years and a teacher from the past 18 years. He teaches Science, Economics, Accounting and English at Teachoo