India is one of the world’s richest countries in terms of its vast array of biological diversity. You may have realised the importance of these resources in our daily life. These diverse flora and fauna are so well integrated in our daily life that we take these for granted. But, lately, they are unRead more
India is one of the world’s richest countries in terms of its vast array of biological diversity. You may have realised the importance of these resources in our daily life. These diverse flora and fauna are so well integrated in our daily life that we take these for granted. But, lately, they are under great stress mainly due to insensitivity to our environment. Some estimates suggest that at least10 per cent of India’s recorded wild flora and 20 per cent of its mammals are on the threatened list. Many of these would now be categorised as ‘critical’, that is on the verge of extinction like the cheetah, pink-headed duck, mountain quail, forest spotted owlet, and plants like madhuca insignis (a wild variety of mahua) and hubbardia heptaneuron,(a species of grass).
Starting from micro-organisms and bacteria, lichens to banyan trees elephants and blue whales. This entire habitat that we live in has immense biodiversity. We humans along with all living organisms form a complex web of ecological system in which we are only a part and very much dependent on this sRead more
Starting from micro-organisms and bacteria, lichens to banyan trees elephants and blue whales. This entire habitat that we live in has immense biodiversity. We humans along with all living organisms form a complex web of ecological system in which we are only a part and very much dependent on this system for our own existence. For example, the plants animals and micro-organisms re-create the quality of the air we breathe, the water we drink and the soil that produces our food without which we cannot survive and this dependence on other known as biodiversity.
(i) Credit at reasonable interest rates should be available for all so that they may increase their income and help in the over all development of the country. (ii) High interest rate do little to increase the income of the borrowers. (iii) It is necessary that the banks and cooperatives increasesRead more
(i) Credit at reasonable interest rates should be available for all so that they may increase their income and help in the over all development of the country.
(ii) High interest rate do little to increase the income of the borrowers.
(iii) It is necessary that the banks and cooperatives increases their lending particularly in the rural areas, so that the dependence of the people on informal sources of credit reduces.
(iv) In addition to this more credit should be given to the poor to get maximum benefit from the cheaper loans.
(v) This will help in increasing in their income as well as standard of living.
Formal Sector (i) Formal sector sources sources are banks and cooperatives. (ii) The banks and cooperatives charge less rate of interest i.e., about 10 per cent per annum or so. (iii) It results in more income and better condition of the borrower. There is improvements in his financial conditions. (Read more
Formal Sector
(i) Formal sector sources sources are banks and cooperatives.
(ii) The banks and cooperatives charge less rate of interest i.e., about 10 per cent per annum or so.
(iii) It results in more income and better condition of the borrower. There is improvements in his financial conditions.
(iv) Reserve Bank of India supervises the functioning of formal sources of loans.
Informal Sectors
(i) Informal sector sources are moneylenders, traders employers, relative and and friends.
(ii) Informal sector sources charges higher interest i.e., 3 to 5 per cent month.
(iii) Higher rate of interest of interest result in less income for the borrowers. It sometimes leads to debt-trap.
(iv) There is no organisation which supervises the credit activities of the lenders in the informal sector. They do whatever is in their interest.
Two different credit situations where credit plays a positive and a negative role are as given below: (i) Credit and a positive role: A traders obtains credit to meet the working capital needs of production. The credit helps him to meet the one going expenses of production, complete production on tRead more
Two different credit situations where credit plays a positive and a negative role are as given below:
(i) Credit and a positive role: A traders obtains credit to meet the working capital needs of production. The credit helps him to meet the one going expenses of production, complete production on time and thereby increase his earnings. Thus he is a able to repay the loans that the had borrowed in time. In such a situation credit plays a positive role and the borrower is able to improve his condition.
(ii) Credit and a negative role: A farmer takes a loan to meet the expenses of cultivation hoping that there would be goods harvest and he would repay the loan. The harvest, however, fails and the farmer is unable to repay the loan. Next year again he takes loan but the crop is not good and loan repayment can not be made. The borrower has no option but to sell a part of his land to pay off the loan. Loan/credit instead of helping the farmer improve his condition left him worse off. He falls into dept-trap. Credit in this case pushes the borrower into a situation from which recovery is very painful. Thus, in one situation credit helps to increase earnings and person is better off than before. In the second situation credit pushes the person into a debt trap and he has to sell a part of his land.
Discuss about the flora and fauna found in India?
India is one of the world’s richest countries in terms of its vast array of biological diversity. You may have realised the importance of these resources in our daily life. These diverse flora and fauna are so well integrated in our daily life that we take these for granted. But, lately, they are unRead more
India is one of the world’s richest countries in terms of its vast array of biological diversity. You may have realised the importance of these resources in our daily life. These diverse flora and fauna are so well integrated in our daily life that we take these for granted. But, lately, they are under great stress mainly due to insensitivity to our environment. Some estimates suggest that at least10 per cent of India’s recorded wild flora and 20 per cent of its mammals are on the threatened list. Many of these would now be categorised as ‘critical’, that is on the verge of extinction like the cheetah, pink-headed duck, mountain quail, forest spotted owlet, and plants like madhuca insignis (a wild variety of mahua) and hubbardia heptaneuron,(a species of grass).
See lessWhat do you understand by the biodiversity or biological diversity?
Starting from micro-organisms and bacteria, lichens to banyan trees elephants and blue whales. This entire habitat that we live in has immense biodiversity. We humans along with all living organisms form a complex web of ecological system in which we are only a part and very much dependent on this sRead more
Starting from micro-organisms and bacteria, lichens to banyan trees elephants and blue whales. This entire habitat that we live in has immense biodiversity. We humans along with all living organisms form a complex web of ecological system in which we are only a part and very much dependent on this system for our own existence. For example, the plants animals and micro-organisms re-create the quality of the air we breathe, the water we drink and the soil that produces our food without which we cannot survive and this dependence on other known as biodiversity.
See lessWhy should credit at reasonable rates from the banks and cooperatives be available for all?
(i) Credit at reasonable interest rates should be available for all so that they may increase their income and help in the over all development of the country. (ii) High interest rate do little to increase the income of the borrowers. (iii) It is necessary that the banks and cooperatives increasesRead more
(i) Credit at reasonable interest rates should be available for all so that they may increase their income and help in the over all development of the country.
(ii) High interest rate do little to increase the income of the borrowers.
(iii) It is necessary that the banks and cooperatives increases their lending particularly in the rural areas, so that the dependence of the people on informal sources of credit reduces.
(iv) In addition to this more credit should be given to the poor to get maximum benefit from the cheaper loans.
(v) This will help in increasing in their income as well as standard of living.
See lessExplain any two features each of formal sector loans and informal sector loans.
Formal Sector (i) Formal sector sources sources are banks and cooperatives. (ii) The banks and cooperatives charge less rate of interest i.e., about 10 per cent per annum or so. (iii) It results in more income and better condition of the borrower. There is improvements in his financial conditions. (Read more
Formal Sector
(i) Formal sector sources sources are banks and cooperatives.
(ii) The banks and cooperatives charge less rate of interest i.e., about 10 per cent per annum or so.
(iii) It results in more income and better condition of the borrower. There is improvements in his financial conditions.
(iv) Reserve Bank of India supervises the functioning of formal sources of loans.
Informal Sectors
(i) Informal sector sources are moneylenders, traders employers, relative and and friends.
(ii) Informal sector sources charges higher interest i.e., 3 to 5 per cent month.
(iii) Higher rate of interest of interest result in less income for the borrowers. It sometimes leads to debt-trap.
(iv) There is no organisation which supervises the credit activities of the lenders in the informal sector. They do whatever is in their interest.
See lessDescribe the positive role of credit with examples.
Two different credit situations where credit plays a positive and a negative role are as given below: (i) Credit and a positive role: A traders obtains credit to meet the working capital needs of production. The credit helps him to meet the one going expenses of production, complete production on tRead more
Two different credit situations where credit plays a positive and a negative role are as given below:
(i) Credit and a positive role: A traders obtains credit to meet the working capital needs of production. The credit helps him to meet the one going expenses of production, complete production on time and thereby increase his earnings. Thus he is a able to repay the loans that the had borrowed in time. In such a situation credit plays a positive role and the borrower is able to improve his condition.
(ii) Credit and a negative role: A farmer takes a loan to meet the expenses of cultivation hoping that there would be goods harvest and he would repay the loan. The harvest, however, fails and the farmer is unable to repay the loan. Next year again he takes loan but the crop is not good and loan repayment can not be made. The borrower has no option but to sell a part of his land to pay off the loan. Loan/credit instead of helping the farmer improve his condition left him worse off. He falls into dept-trap. Credit in this case pushes the borrower into a situation from which recovery is very painful. Thus, in one situation credit helps to increase earnings and person is better off than before. In the second situation credit pushes the person into a debt trap and he has to sell a part of his land.
See less