As per NEP 2020, curbing the commercialization of education will be effected through which of the following measures?
1.Making all transactions online
2.Ensuring that educational institutions will be held to similar standards of audit
3.Making disclosure as a not-for-profit entity
4.Ensuring that private institutions should donate funds for charity
5.Asking institutions to reinvest their surpluses in the education sector
A1, 2 & 3 only
B2, 3 & 4 only
C1, 3 & 4 only
D2, 3 & 5 only ✓ Correct
Correct answer: (D) 2, 3 & 5 only
Explanation
Commercialization is curbed by holding institutions to common standards of audit, requiring disclosure as a not-for-profit entity, and making them reinvest surpluses into education.
Statement 2 on similar audit standards is a stated measure.
Statement 3 on disclosure as a not-for-profit entity is required.
Statement 5 on reinvesting surpluses in the education sector is prescribed.
Statement 1 on making all transactions online and Statement 4 on forcing private donations for charity are not the prescribed measures.
NEP 2020 treats education as a public, not-for-profit and philanthropic endeavour.
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