Category: Economic Development

The Main Factors which are responsible for the Rise in World Populations are: 1. Population Characteristic and Variation among Nations: Human population is defined as a group of human being those are living together in a certain space of a country. Image Source: s-media-cache-ak0.pinimg.com ADVERTISEMENTS: Population characteristic is defining as qualities and characterisation of various types of populations within a social or geographic group, with emphasis on demography, health status, and socioeconomic factors. The main population characteristics are: 2. Exponential Growth: Population grows geometrically (1, 2, 4, 8 …), rather than arithmetically (1, 2, 3, 4 …), which is why the numbers can increase so quickly. When a quantity increases by a fixed percentage is known as exponential growth e.g., 10,102,103,104……………………… Or 3, 6, 12, 24 etc.Population growth takes place…

Banking System of a country contributes a great deal in the process of its economic development. It therefore becomes essential that a country has a good banking system. Following are the characteristic features of a good banking system: Image Source: kfhbank.com 1. Conducive to Country’s Economic Conditions: Banking system of a country should be conducive to its economic conditions. Indian economy is an underdeveloped agricultural economy. ADVERTISEMENTS: It needs a banking system that identifies various sources of credit and generates suitable credit facilities for agricultural and related sectors of the economy. 2. Sound Financial Basis: A good banking system should have sound financial basis. It should generate public faith for which it should be mandatory for the banks to obtain license from the Govt. Banks should have enough of minimum…

Commercial banks play a significant role in economic development of less developed countries like India. Commercial Banks are a nerve-centre of the country’s capital market, industrial as well as trading activity. Image Source: cdn.yourarticlelibrary.comIn the words of Thirlwall “Banks can encourage thrift and allocate savings wore productively than otherwise by offering a return on savings to be used outside the sector in which they may operate. Banks can help to breakdown sectoral bottlenecks and to unit interest rates”. 1. Helpful in Mobilisation of Savings and Capital Formation: ADVERTISEMENTS: Commercial banks offer facilities of deposits and that too on lucrative terms. This stimulates thrift as well as attracts idle savings into organised capital market of the country.By extending credit facility to the investors and entrepreneurs, banks convert savings into capital formation…

Here is your essay on Ecology and Human Welfare !Everywhere, man lives in inter specific animal and plant commu­nities and like any other organism, he depends on his environment for food, water, air, space and shelter. Being a material using ani­mal, everything of his use, from the food that is needed to keep him alive to objects he fabricates, whether tools or sculptures, comes from the substances of the planet earth, on which he lives. image source: cgpauk.com ADVERTISEMENTS: His wastes are then returned to the biological and abiotic systems of the earth. However, it is part of his cultural development that he reacts on the environment more widely and more strongly than any other species.Man being a dominant organism of most ecosystems, controls and modifies environments more extensively than…

In today’s world, countries often work in groups, not only to secure favourable terms of trade but also to ensure the utilisation of their collective material and human resources for mutual benefit. Image Source: cdn.narendramodi.inGeographical nearness makes it more convenient for certain countries to work together. Cooperation among nations situated within a region promotes peace within the region. It also enables countries to draw on each other’s strengths to overcome many problems common to the region. ADVERTISEMENTS: Regional cooperation holds great promise for southern Asia. Southern Asia is rich in resources, but many countries in the region face problems like social backwardness, overpopulation, poverty and illiteracy.This hampers the overall economic development of the region. Regional cooperation can enable many southern Asian nations to progress and contribute more effectively to the…

Role of economic context in administrative are given below:In economic context, development administration has much to do. Now the economic well-being of the bureaucrats depends upon what they get in lieu of their administrative functions in the form of cash payments, or salaries, bonus etc. Image Source: wiseauthority.files.wordpress.com ADVERTISEMENTS: As a matter of fact salary system or cash payment has a strong bearing on administration of development. It provides that only living expenses induces bureaucrats to work effectively but also contrary wise it makes possible to control the administrators.To carry out development tasks, there is thus a great need of the existence of an adequate ‘economic base’. Riggs says, “The level of economic production must be high enough to cover not only the consumption needs of primary producers but also…

Here is your essay on Controlling Population Explosion in India (1069 Words).Population explosion arising from high rate of growth of population is creating serious hurdles in the path of economic development in India. Thus this problem of population explosion should be tackled carefully. We shall have to attack the whole problem both from the population and production fronts. While the population should reduce its pace of growth, production should also increase simultaneously at a rapid rate. Image Source: yourarticlelibrary.com= ADVERTISEMENTS: Now to control this present population problem of India, broadly four-fold measures would be much required: (a) economic measures, (b) social measures, (c) family planning measures and (d) administrative measures. Economic Measures: To contain the pace of growth of population in India economic measures can offer a permanent solution to…

Essay on Public Bureaucracy (426 Words)It was maintained earlier that public bureaucracy has come to be the dominant structure in developing countries. In the absence of other strong institutions, the role of public bureaucracy has been of crucial importance. Image Source: ekoprasojo.com ADVERTISEMENTS: (1) The most important functions are directed towards nation building and economic growth. “The importance of public administration in the emerging countries of Africa and Asia goes beyond directing the organisational process in economic and social fields.It has the immense task of creating a national unity and national personality capable of surmounting the centrifugal force of tribal and regional rivalries and, on the other hand, instilling the ferment of change in traditional societies.”Differences of race ethnicity language, religion, region and tribe often the return the unity, stability…

1. Who advocated that India would be truly independent only when the poorest of its people become free of human suffering?(A) Mahatma Gandhi ADVERTISEMENTS: (B) Indira Gandhi(C) Jawahar Lai Nehru(D) Subhash Chandra Bose.2. Which one of the following states in India has focused more on human resource development? ADVERTISEMENTS: (A) Punjab(B) Karnataka(C) Kerala(D) Tamil Nadu ADVERTISEMENTS: 3. Which of the following programme was launched in the year of 2000?(A) National Rural Employment Guarantee Act.(B) Prime Minister Rozgar Yojana(C) Swarna Jayanti Gram Swarozgar Yojana(D) Pradhan Mantri Gramodaya Yojana. 4. Who conducts the periodical sample survery for estimating the poverty line in India?(A) National Survery Organisation(B) National Sample Survey Organisation(C) Sample Survey Organisation(D) None of the above.5. Which scheme was started in 1993 to create self-employment opportunities for educated unemployed youth in…