18Oct 2018 by admin

Section 95 of Code of Criminal Procedure, 1973 (Cr.P.C.) – Explained!

Trade
Legal Provisions of Section 95 of Code of Criminal Procedure, 1973 (Cr.P.C.), India.Power to declare certain publications forfeited and to issue search-warrants for the same.—(1) Where— ADVERTISEMENTS: This section empowers the State Government to declare by notification, every copy of the newspaper, book or any document to be forfeited to the Government if it contains any matter the publication of which is punishable under the following provisions of the Indian Penal Code:— Image Source: acandyrose.com(1) Sedition (Section 124 A), or(2) Promoting enmity between classes (Section 153-A) or ADVERTISEMENTS: (3) Imputations, assertions prejudicial to national integration (Section 153-B), or(4) Sale etc. of obscene books (Section 292)(5) Sale etc. of obscene objects to young persons (Section 293); or(6) Maliciously insulting the religion or the religious beliefs of any class (Section 295-A) ADVERTISEMENTS:…
Read More
17Oct 2018 by admin

R.K. Narayann’s Art of Plot Construction in his Novels

Trade
Narayan’s Plot is based on an idea of Character: Narayan is perhaps the most objective writer among the Indo-Anglian novelists. As we are aware, detachment requires discipline, balance and poise. This very objectivity is reflected in Narayan’s approach to his subject matter. In form, the average Indo-Anglian novel consists of a number of characters and incidents woven round a young attractive hero or heroine ending with the happy chimes of marriage bells. image source:staneja.com ADVERTISEMENTS: But Narayan’s approach is entirely different. Narayan’s plots do not form any standard formula, because Narayan starts with an idea of character and situation and the plot progresses on the line he conceives to be the logical development of the idea. It may mean no marriage, no happy ending and no hero of standardized stature.…
Read More
17Oct 2018 by admin

9 Main Limitations of the Monetary Policy adopted by the Reserve Bank of India

Currency
The following are the main limitations of the monetary policy adopted by the Reserve Bank: 1. Restricted Scope of Monetary Policy in Economic Development: In reality the monetary policy has been assigned only a minor role in the process of economic development. The monetary policy is not given any predominant role in the process of economic development.The role assigned to the Reserve Bank is minor indeed. The Reserve Bank in expected to see that the process of economic development should not be hindered for want of availability of adequate funds. Image Source: faadooindians.com 2. Limited Role in Controlling Prices: ADVERTISEMENTS: The monetary policy of Reserve bank has played only a limited role in controlling the inflationary pressure. It has not succeeded in achieving the objective of growth with stability.The former…
Read More
17Oct 2018 by admin

What are the Important Characteristic of a Good Banking System?

Economic Development
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…
Read More
17Oct 2018 by admin

Essay on the Role of Commercial Banks in Economic Development

Economic Development
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…
Read More
17Oct 2018 by admin

8 Main Limitations of Multiplier Process in Macroeconomics

Investment
The multiplier and its operation are both based on certain assumptions, non-fulfilment or partial fulfillment of which adversely affects the working of the multiplier retarding the process of income generation. Image Source: i.ytimg.comSome of these assumptions are outlined below: 1. Availability of Consumer Goods: ADVERTISEMENTS: Availability of adequate supply of consumption goods is the basic requisite of income propagation and hence of multiplier process to operate. According to Dr V.K.R.V. Rao, “the principle of multiplier does not work vigorously in an underdeveloped country like India on account of inelastic nature of the consumption output curve”. If consumer goods were not available, consumers would not be able to spend their incomes on these goods. Value of MPC and hence that of the multiplier would be low. 2. Maintenance of the Level…
Read More
17Oct 2018 by admin

What is the Difference between “Standard Coin” and “Token Coin”

Inflation
The Differences between “Standard Coin” and “Token Coin” are as follows: Standard Coin: 1. It is the principal coin of a nation.2. It is a full-bodied coin. Its face-value is equal to its intrinsic value.3. Standard coins are made of gold or silver of a well-defined weight, purity and fineness. ADVERTISEMENTS: 4. Standard coins enjoy free-coinage as the mind is open for the public for getting their precious metals minted into standard coins.5. Standard coins possess the status of unlimited legal tender, i.e. no one can refuse to accept value if paid in standard coins in any quantity.6. Standard coins posses following merits: Image Source: indiacoin.files.wordpress.com ADVERTISEMENTS: i. They inspire higher confidence in the holder,ii. They provide an excellent means of storing purchasing power,iii. There is no fear of inflation,iv.…
Read More
17Oct 2018 by admin

What are the Disadvantages of “Barter System”? – Explained!

Trade
Barter or ‘commodity for commodity’ exchange suffered from the following disadvantages: 1. Lack of Double Coincidence of Wants: Quite often, two individuals do not need each other’s product. For instance, a farmer, willing to exchange food grains for a cow, can’t do so unless the owner of the cow is willing to accept food grains in exchange for it. Image Source: i.ytimg.com ADVERTISEMENTS: What if the cow-owner wants goats in exchange? If he does, the farmer with food grains would have to look for someone who owns either goats or a cow and is also willing to exchange whatever he has for food grains.In case the latter owns a cow, the farmer’s problem is solved. He can exchange his food grains for the cow and the matter is over. But…
Read More
17Oct 2018 by admin

What is known as Savings Function? – (Macroeconomics)

Finance
Functional relationship between saving and income is known as the savings function. Savings vary directly with income, that is, they are high when income is high and low when income is low. In other words, an increase in income leads to an increase in savings. Image Source: 2.bp.blogspot.comFrom the Psychological Law of Consumption, savings represent that part of the disposable income of consumers which is not spent on consumption. Thus, savings function can be derived from the consumption function. ADVERTISEMENTS: Saving = Disposable Income – ConsumptionOr, S = Yd – C = Yd – (Ca + bYd)= Y – Ca – bY[For a two sector model, Yd = Y] ADVERTISEMENTS: = -Ca + (1 – b) YWhen Y = 0, S = – Ca. That means savings are negative when…
Read More
16Oct 2018 by admin

What is the Scope of Macroeconomics? – Explained!

Economic Problems
According to Kenneth E. Boulding, “Macroeconomics is the study of the nature, relationships and behaviour of aggregates of economic quantities
”According to P.A. Samuelson, “Macroeconomics is the study of the behaviour of the economy as a whole. It examines the overall level of Nation’s output, employment, prices and foreign trade.”The definitions given above and a few other similar definitions capture the central theme of macroeconomics but they do not fully capture its subject matter. As stated above in the introduction of this chapter, macroeconomics covers a wide range of economic activities and the related theories in respect of the lumped or the aggregated units or of the economy as a whole, as to Image Source: 2.bp.blogspot.com ADVERTISEMENTS: (a) How they generate and spend income through production of goods and services,(b) How…
Read More