10 Questions
What age group is provided with free and compulsory education as a fundamental right in India?
Ages 6 to 14
What is the approximate ratio of public schools to private schools in India?
1:3
Which level of education primarily covers early childhood education in India?
Primary education
What factor significantly influences education in India according to the text?
Religion
What policy at the national level is mentioned in the text as influencing education in India?
National Education Policy 2020
What does aggregate demand (AD) represent in economics?
The total demand for final goods and services in an economy at a given time
What makes up the aggregate demand in an economy?
Consumer spending, investment, corporate and government expenditure, and net exports
On what axes is the aggregate demand curve plotted?
Real output on the horizontal axis and price level on the vertical axis
What does the Pigou effect suggest in relation to the aggregate demand curve?
A higher price level implies lower real wealth and therefore lower consumption spending
How is the downward sloping aggregate demand curve derived?
With the help of three macroeconomic assumptions about the functioning of markets: Pigou's wealth effect, Keynes' interest rate effect, and the Mundell–Fleming exchange-rate effect
Test your knowledge about the education system in India including its governance, legal provisions, and public-private school ratio.
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