29Oct 2018 by Reese Bannister

Short Essay for Kids about Raja Ram Mohan Roy

Marriage
Ram Mohan Roy was a pioneer of social and religious reform in India. He was born in an orthodox Brahman family of Bengal in 1772.He went to England as an envoy of the Mughal Emperor Akbar II, who had given him the title ‘Raja’. Ram Mohan died in Bristol, England, in 1833. As a religious reformer: Ram Mohan Roy favored monotheism (the worship of one god). He opposed idol worship and meaningless rituals, which he believed gave rise to superstitions and social evils. He published Bengali translations of the Vedas and the Upanishads to prove his point. He organised the Atmiya Sabha in 1814 to spread rational religious ideas. ecx.images-amazon.com As a social reformer: ADVERTISEMENTS: In 1828, Ram Mohan Roy founded the Brahmo Sabha (later called the Brahmo Samaj) to…
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29Oct 2018 by Reese Bannister

Short Essay for Kids on Disarmament

Sociology
The destruction of weapons, especially nuclear weapons, is called disarmament. In human history, the first use of nuclear weapons in warfare was the dropping of atom bombs on Hiroshima and Nagasaki in Japan by the USA.The damages caused by the bombs made the world aware of the terrible effects of a nuclear war. The UN recognised disarmament as a means for maintaining world peace and security. However, the world today has nuclear weapons powerful enough to destroy all life on earth.The making of sophisticated weapons involves enormous expenditures on research, materials, storage, maintenance of equipment, employment of personnel, and so on. Disarmament can greatly reduce such expenditures. The money can then be spent on tackling global problems like overpopulation, hunger, poverty, illiteracy, disease and pollution. 100objectsbradford.files.wordpress.com ADVERTISEMENTS: India has repeatedly…
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29Oct 2018 by Reese Bannister

Exchange Rate Determination Theory and it Affects Demand and Supply

Currency
This approach holds that irrespective of what happens to demand and supply of a currency in the foreign exchange market, its exchange rate is determined by the interaction of its demand and supply functions. It is conventional to illustrate this theory with the help of normal demand and supply curves.The basics of this theory may be explained on the simplifying assumption that there are only two currencies in the foreign exchange market, say, the Indian Rupee and the US Dollar. As a result, supply of rupees in the exchange market generates an equivalent demand for dollars and vice versa.Demand for rupees comes from several sources like Indian exports of goods and services, travel by foreigners in India, and inflows of funds on account of gifts, charities, remittances of earnings from…
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29Oct 2018 by Reese Bannister

Automatic Adjustment Rate of Exchange-Sample Computation and Evaluation Based on USD vs Rs

Investment
Cases when exchange rate deviates from the mint parity beyond gold points, it will be automatically adjusted back. For example, in our numerical example given above, if exchange rate moves against rupee such that $ 1 buys more than Rs.40.04, then it will pay to sell dollars and buy rupees, get rupees converted into gold, send that gold to USA and get them converted into dollars and thereby make a profit.As a result, supply of dollars and demand for rupees will increase in the market and exchange rate will move back to within the range determined by gold points around the mint-parity. Evaluation: The mint parity theory suffers from some serious limitations even on analytical grounds. It projects an adjustment process which is conceptually deficient and ignores some vital realities.…
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29Oct 2018 by Reese Bannister

500 Word Essay on Mint Parity Theory of Exchange Rate Determination

Currency
When trading countries are on gold standard, such that gold bullion and/or coins can be freely exported from and imported into the trading countries from each other, we get a situation in which the exchange rate is determined by the ratios of metallic contents of the currencies.This conclusion holds even when only paper currencies are used for domestic circulation and gold is used only for inter-country shipments. Similarly, the basic theory stands even when the trading countries are on different metallic standards.The authorities of a gold standard country commit themselves to buying and selling unlimited quantities of gold (and allowing its export and import) against the domestic currency at fixed prices. upload.wikimedia.org ADVERTISEMENTS: Under the circumstances, therefore, the exchange rate between any two currencies is determined by their mint parity,…
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29Oct 2018 by Reese Bannister

500 Word Essay on the Comparative Between Two Types of Foreign Direct Investment

Industry
The term ‘foreign direct investment’ (FDI) covers some specific forms of inter-country capital transfers. Under FDI, capital moves from one country to another not in the form of loans but in the form of business investment.When capital is transferred in the form of loans, the creditor runs the risk of a partial or full default by the borrower. However, given this risk, the lender’s future income is certain or pre-determined. In contrast, in FDI, the investor faces market risks and uncertainties.Return on FDI depends, amongst others, upon the success of the enterprise in which investment has been made. Consequently, it can be nil or even negative. skbdevelopers.com ADVERTISEMENTS: It is conventional to make a distinction between two forms of foreign direct investment of which the term FDI is conventionally used…
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29Oct 2018 by Reese Bannister

5 Determinants and Theoretical Aspects of Foreign Aid – Revealed!

Plays
1. Non-Economic Criteria: The extent and duration of foreign aid, as also its continuity, do not depend upon economic variables only. Political and other considerations also play a dominant role. The aid-giver does not ignore the safety aspect of the loans. 2. Capacity and Willingness to Provide Aid: Flow of aid is deeply influenced by the capacity and willingness of aid-givers. It is obvious that a poor and underdeveloped country cannot provide substantial amounts of foreign aid.Similarly, aid from cash rich but technologically less developed countries (like oil-rich petroleum exporting countries) can result in effective inflow of productive resources to aid-recipient countries only if related imports of machinery, equipment and such like other inputs can be arranged from industrially advanced countries. abcnews.go.com ADVERTISEMENTS: Most developed countries have been unwilling to…
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29Oct 2018 by Reese Bannister

Short Essay on the Mutual Trade Relationship between India and China

Trade
Chinese market is a huge one and expanding at a fast rate. In 2002, Chinese imports were $ 295 billion compared with Indian imports of $56 billion. It is for this reason that even countries like USA are eager to strengthen their trade ties with China.Studies show that there is vast scope for expansion of Indo- Chinese trade. To avail of this opportunity, however, India would have to learn the reasons for rapidly expanding Chinese foreign trade and its ability to attract huge amounts of FDI.Currently, both India and China are actively engaged in expanding their mutual trade. Government of India and Indian business community are both participating in this venture. previews.123rf.com ADVERTISEMENTS: FICCI has established links with China Council for Promotion of International Trade (CCPIT), and has opened an…
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29Oct 2018 by Reese Bannister

Short Speech on "Women's Education"

Games
In good old days it was emphasised that a woman’s place was in the kitchen. This is no longer true. Women look after their family and make better homes than men, but today they also occupy the highest offices.They do not lag behind men in almost every singular aspect of life. Not long ago a Japanese housewife scaled the Mount Everest. Women play almost all the games and sports that men play. Women have proved today that they can do as much as men in any field, if they are given the chance, and it is evident from the fact that Indian Air Force have women officers today.It has become necessary, therefore, to educate women just like men. There are numerous schools and colleges for girls and women in most…
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29Oct 2018 by Reese Bannister

Short Speech on “Television – An Essential Luxury”

Trade
Television is one of the latest inventions of science. It is only since late 1970’s that the television has become an indispensable household gadget in the developing countries.However, television has become the most popular pushing behind all other mass media. It helps disseminate knowledge and information among the entire global population. The prominence and utility of the television has risen with the development of satellite links which enables telecasting live programmes from all corners of the world.The presence of a television in a home has both advantages and disadvantages. Advantages are not far to seek. News feature, for example, has the added advantage of visuals which show to the viewers the fury of nature in form of tremors and earthquakes, floods and famines, as also the ravages of war, the…
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