Before starting a school for slum dwellers, the government is required to conduct:

Correct option is A

Before starting a school for slum dwellers, the government is required to conduct a Cost-effective analysis. This analysis helps in evaluating the relative costs and outcomes (effects) of different courses of action. It is essential in ensuring that the resources invested in starting the school will yield the maximum benefit for the intended population.
Information Booster:
1. Cost-effective analysis (CEA): A method of economic evaluation that compares the relative costs and outcomes of different courses of action.
2. It is often used in public health, education, and social services to determine the best use of limited resources.
3. Cost-benefit analysis (CBA): While similar to CEA, it involves comparing the costs and benefits of a project or decision in monetary terms.
4. Zero cost analysis: A hypothetical concept where the cost is assumed to be zero, often used in theoretical models but not practical for real-world decisions.
5. Budget analysis: Involves evaluating the financial aspects of a project or initiative to ensure that it fits within the available budget.
6. Conducting a cost-effective analysis ensures that the project will have the desired impact within the constraints of the available resources.
Additional Information:
· Cost-effective analysis (Option A): Used to determine the most efficient way to allocate resources to achieve a specific goal, such as starting a school in a slum area.
· Cost-benefit analysis (Option B): A broader evaluation method that compares the total expected costs against the total expected benefits to determine the best course of action.
· Zero cost analysis (Option C): Not a standard economic evaluation method; often theoretical.
· Budget analysis (Option D): Focuses on the financial planning aspect, ensuring that a project is feasible within the available budget.
Key Points:
· Cost-effective analysis is crucial in public policy decision-making, particularly in sectors like education, where resources are limited, and the need is significant.
· The analysis helps in comparing different options and choosing the one that provides the most benefit for the least cost.
· It is distinct from cost-benefit analysis, which attempts to quantify all benefits and costs in monetary terms.