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NEP 2020: Financing Education and Resource Allocation

Description: NEP 2020: Financing Education and Resource Allocation Quiz
Number of Questions: 15
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Tags: nep 2020 education policy financing education resource allocation
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Which of the following is a key objective of the NEP 2020 in terms of financing education?

  1. To increase public investment in education

  2. To promote private investment in education

  3. To ensure equitable access to quality education for all

  4. To reduce the cost of education


Correct Option: A
Explanation:

The NEP 2020 aims to increase public investment in education to at least 6% of GDP by 2022-23.

What is the proposed mechanism for financing higher education institutions under the NEP 2020?

  1. Public-Private Partnership (PPP) model

  2. Student loans and scholarships

  3. Endowment funds

  4. All of the above


Correct Option: D
Explanation:

The NEP 2020 proposes a combination of PPP model, student loans and scholarships, and endowment funds to finance higher education institutions.

Which of the following is a major challenge in financing education in India?

  1. Inadequate public funding

  2. Inefficient use of resources

  3. Lack of accountability and transparency

  4. All of the above


Correct Option: D
Explanation:

Inadequate public funding, inefficient use of resources, and lack of accountability and transparency are all major challenges in financing education in India.

What is the proposed mechanism for allocating resources to schools under the NEP 2020?

  1. Per-student funding

  2. Formula-based funding

  3. Performance-based funding

  4. All of the above


Correct Option: D
Explanation:

The NEP 2020 proposes a combination of per-student funding, formula-based funding, and performance-based funding to allocate resources to schools.

Which of the following is a key recommendation of the NEP 2020 to improve the efficiency of resource allocation in education?

  1. Strengthening financial management systems

  2. Improving procurement practices

  3. Promoting transparency and accountability

  4. All of the above


Correct Option: D
Explanation:

Strengthening financial management systems, improving procurement practices, and promoting transparency and accountability are all key recommendations of the NEP 2020 to improve the efficiency of resource allocation in education.

What is the proposed mechanism for financing early childhood education under the NEP 2020?

  1. Public funding

  2. Private funding

  3. Community participation

  4. All of the above


Correct Option: D
Explanation:

The NEP 2020 proposes a combination of public funding, private funding, and community participation to finance early childhood education.

Which of the following is a key recommendation of the NEP 2020 to increase private investment in education?

  1. Providing tax incentives for private investment in education

  2. Encouraging corporate social responsibility (CSR) initiatives in education

  3. Promoting public-private partnerships (PPPs) in education

  4. All of the above


Correct Option: D
Explanation:

Providing tax incentives for private investment in education, encouraging CSR initiatives in education, and promoting PPPs in education are all key recommendations of the NEP 2020 to increase private investment in education.

What is the proposed mechanism for financing vocational education and training (VET) under the NEP 2020?

  1. Public funding

  2. Private funding

  3. Industry partnerships

  4. All of the above


Correct Option: D
Explanation:

The NEP 2020 proposes a combination of public funding, private funding, and industry partnerships to finance VET.

Which of the following is a key recommendation of the NEP 2020 to improve the equity of resource allocation in education?

  1. Providing additional funding to disadvantaged regions and populations

  2. Promoting inclusive education

  3. Ensuring equal access to quality education for all

  4. All of the above


Correct Option: D
Explanation:

Providing additional funding to disadvantaged regions and populations, promoting inclusive education, and ensuring equal access to quality education for all are all key recommendations of the NEP 2020 to improve the equity of resource allocation in education.

What is the proposed mechanism for financing adult education and lifelong learning under the NEP 2020?

  1. Public funding

  2. Private funding

  3. Community participation

  4. All of the above


Correct Option: D
Explanation:

The NEP 2020 proposes a combination of public funding, private funding, and community participation to finance adult education and lifelong learning.

Which of the following is a key recommendation of the NEP 2020 to improve the sustainability of financing education?

  1. Exploring innovative financing mechanisms

  2. Promoting cost-effective and efficient use of resources

  3. Strengthening financial management systems

  4. All of the above


Correct Option: D
Explanation:

Exploring innovative financing mechanisms, promoting cost-effective and efficient use of resources, and strengthening financial management systems are all key recommendations of the NEP 2020 to improve the sustainability of financing education.

What is the proposed mechanism for financing research and development (R&D) in education under the NEP 2020?

  1. Public funding

  2. Private funding

  3. International collaboration

  4. All of the above


Correct Option: D
Explanation:

The NEP 2020 proposes a combination of public funding, private funding, and international collaboration to finance R&D in education.

Which of the following is a key recommendation of the NEP 2020 to improve the accountability and transparency of resource allocation in education?

  1. Strengthening financial management systems

  2. Improving procurement practices

  3. Promoting transparency and accountability

  4. All of the above


Correct Option: D
Explanation:

Strengthening financial management systems, improving procurement practices, and promoting transparency and accountability are all key recommendations of the NEP 2020 to improve the accountability and transparency of resource allocation in education.

What is the proposed mechanism for financing teacher education and professional development under the NEP 2020?

  1. Public funding

  2. Private funding

  3. International collaboration

  4. All of the above


Correct Option: D
Explanation:

The NEP 2020 proposes a combination of public funding, private funding, and international collaboration to finance teacher education and professional development.

Which of the following is a key recommendation of the NEP 2020 to improve the efficiency of resource allocation in education?

  1. Strengthening financial management systems

  2. Improving procurement practices

  3. Promoting transparency and accountability

  4. All of the above


Correct Option: D
Explanation:

Strengthening financial management systems, improving procurement practices, and promoting transparency and accountability are all key recommendations of the NEP 2020 to improve the efficiency of resource allocation in education.

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