Question : Which of the following is an example of a direct cost of education?
Option 1: Tuition fees
Option 2: Opportunity cost of time spent studying
Option 3: Travel expenses to the educational institution
Option 4: Textbooks and study materials
Correct Answer: Tuition fees
Solution : The correct answer is (a) Tuition fees.
Direct costs of education refer to the expenses that directly relate to the educational program or institution. These costs are typically paid directly to the educational institution or organization offering the educational services. Examples of direct costs of education include tuition fees, registration fees, laboratory fees, and other fees specific to the educational program.
Question : The "cost of education" includes:
Option 1: The salary paid to teachers
Option 2: The tuition fees paid by students
Option 3: The cost of textbooks and study materials
Option 4: The market value of educational institutions
Question : Which of the following claims concerning the cost of education is true?
Option 1: In India, the majority of total educational spending is spent at the elementary level.
Option 2: In India, tertiary education accounts for the majority of all educational spending.
Option 3: In India, secondary schooling accounts for the majority of all educational spending.
Option 4: The majority of India's total educational spending is spent at higher levels.
Question : Which of the following is an example of an intangible resource?
Option 1: Financial capital
Option 2: Machinery
Option 3: Intellectual property
Option 4: Raw materials
Question : Which of the following is an example of an automatic stabilizer?
Option 1: Unemployment benefits
Option 2: Defense spending
Option 3: Education spending
Option 4: Social security spending
Question : Which of the following is an example of an external opportunity in SWOT analysis?
Option 1: Declining market demand
Option 2: Introduction of new regulations
Option 3: Technological advancements
Option 4: High employee turnover
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