1. Answer any one of the following in about 1200 words:

Distinguish between "Education as Consumption" and "Education as Investment". In what different ways does Distance Education contribute to development of human resources to be considered as "Investment"
OR
What different costs are involved in distance education In what way the various cost centres influence the unit cost of distance education?

2. Answer any four of the following questions in about 300 words each:

Distinguish between Cost -Effectiveness and Cost -Efficiency.

In what way is education related to earning profile?

Explain how the principles of financial management be applicable to distance education.

Distinguish between Cost per Student in conventional university and an open university.

What is the funding policy for open universities?

What are the major sources of funding in ODL institutions

3. Answer anyone of the following questions in about 1200 words:

Distinguish between Fixed Costs and Variable Costs in distance education. Which of these costs should distance education depend on so as to achieve economy of scale
OR
Analyse costing of at least two open universities; and explain how can open distance learning plan to increase cost -efficiency.