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Sunday, May 4, 2014

GEOGRAPHY-AGRICULTURE- P (I)


AGRICULTURE IN PAKISTAN

Agriculture plays an important role directly and indirectly in generating
economic growth. It provides food to consumers and fibers for domestic industry. It is a
source of scarce foreign exchange earning and provides market for industrial goods.
Agriculture has strong backward and forward linkages with industry as it is the largest
purchaser of farm inputs such as chemicals, fertilizers and machinery and supplies raw
material to textile and food processing industry.
Pakistan is blessed with a variety of climatic and geographic regimes which are
suitable to grow almost all kinds of food, fiber and cash crops including fruits and
vegetables. Wheat and rice are the main staple food crops while cotton and sugarcane
are the main cash/industrial crops and the economy of the country is purely dependant
on them.

Government has identified agriculture as one of the priority areas to be focused
to support economy and address unemployment and increasing poverty problems. The
key pillars of Government’s strategy in Agriculture sector are:
To make the agriculture profitable in term of trade.
Produce and ensure surplus for local industry and export.
Bring innovation and knowledge in agriculture practices by better seed and
machinery.
Improve policy and legal frame work to facilitate new investment and varieties.
Timely address crises by maintaining surplus and improving logistic.
Attract foreign investment and technology through bilateral and multi-lateral
interactions.

The major crops include wheat, rice, maize, millets, sorghum, sugarcane, pulses, cotton,
oilseeds. Pakistan is home to the aromatic long grain ‘Basmati rice’ grown in the plans of #orth Punjab. Some of the best varieties of fruits are grown in Pakistan includes
mangos, oranges, apples, peaches plums, apricots, cherries, grapes, pears,
pomegranate, guava, melons and dates. A wide variety of vegetables are also produced
in Pakistan.
The importance of agriculture to the economy is seen in three ways: first, it provides food to consumers and fibres for domestic industry; second, it is a source of scarce foreign exchange earnings; and third, it provides a market for industrial goods.

the agricultural sector plays an important part in Pakistan's economy by:

• contributing 24 percent towards GDP;

• providing food to about 130 million people;

• earning about 60 percent of the country's total export earnings;

• providing employment to 47 percent of the total work force;

• providing the main source of livelihood for the rural population of Pakistan;

• providing raw materials for many industries and a market for many locally produced industrial products.

ISSUES & CHALLENGES
  • Poorly functioning factor markets and restricted access to assets limit opportunities for growth of rural areas and reduction in poverty.
  • ·Inequality and land concentration.
  • Agricultural growth is limited
  • Unsuitable water resources management:
  • Weak rural service delivery:

Friday, April 18, 2014

Question: Define Bank. Discuss the origin and evolution of bank.
Origin of Banking:
                It has not so far been decided as to how the word ‘Bank’ originated. Some authors suggest that this word has been derived from the word ‘Bancus’ or ‘Banque’ which means bench. The explanation for this word has been related to the fact that the Jews transacted their business of money exchange on benches in the market place; and when the business failed the ‘Bancus’ was destroyed by the people. Incidentally the word ‘bankrupt’ is said to have been evolved from this practice.
                Other authorities hold the opinion that the work ‘bank’ is derived from the German word ‘back’ which means ‘joint stock fund’. Later on Germans occupied major part of Italy and the word ‘back’ was Italianized into ‘bank’.
Evolution of banking:
                The history of banking starts almost at the same time the human civilization started. Natives of Iraq operated banking in 2000 BC in their temples. This system was also introduced in Rome but it was not successful. Passing through different tides a State Bank was formed with the name of ‘Banco di Rialto’ in Geneva in 1587. The Bank of Amsterdam was setup in 1609 and then different banks were set up in different countries. The evolution of banking passed through different stages which a given below.



1.       To The Merchants
The earliest stage in the growth of bank can be traced to the working of merchants. These merchants were traders in commodities. It was risky for the traders to carry metallic money with themselves for payment. The traders with high reputation began to issue receipts which were accepted as title of money. These receipts were also called ‘hundi’ in subcontinent and were the first mode of payments.
2.       The Goldsmiths
The second stage in the growth of banks is normally traced to earlier goldsmiths. These goldsmiths used to receive gold and silver for safe custody. The goldsmiths began to issue receipts for the metallic money kept with them. These receipts with the passage of time became payable to the bearer on demand. Consequently, the “goldsmith note” became a medium of exchange and medium of payment.
3.       The Moneylenders
The third stage in the development of banking arose when the goldsmiths became the moneylenders. The goldsmiths began to keep a small portion of the total deposits for meeting the demands of their customers and lent the rest. This allowed depositors to draw over and above the amount that they had actually deposited. In economic terminology, they allowed the facility of overdraft to their customers. Receiving of deposits an allowing overdraft facility arose the following functions in banking:
STAGES OF EVOLUTION OF MODERN MONEY
The following are the evolutionary steps of modern money:
1)      Receiving deposits:
The goldsmiths of England began to receive deposits of money in the last year of 16th century.
2)      Origin of banknote:
In the early 17th century, the deposit receipts or the notes issued by the goldsmiths began to circulate as money.
3)      Origin of cheque:
The issue of cheques began in the second half of the 17th century.
4)      Issue of cheque books
About the middle of 18th century the goldsmith bankers began to issue printed cheque forms.

Conclusion:

In the present banking has undergone a lot of changes and there has been great expansion in the functions of banks. Today every country of the world has its own banking system. 

Money, Banking & Finance


Banking

Following is list of questions that if you prepare will ensure more than 80% marks. 

Question 1:         a). What is a commercial bank?fferne
                             b). State the origin and evolution of banks.
                             c). Also explain the functions of commercial banks.
Question 2:         a). What are the different types of banks?
                            b). Explain the role and importance commercial banks in the economic development of a country.
Question 3:         How do commercial banks create credit?
Question 4:         Define negotiable instruments. What are the different types of negotiable instruments?
Question 5:         What are different types of accounts that are maintained by commercial banks?
Question 6:         Discuss the nature of relationship between the bank and its customers.
Question 7:         Under which conditions bank may refuse the payment on cheque?
Question 8:        Discuss the difference between bank loan, overdraft and cash credit.
Question 9:        What are the precautions for bank while sanctioning loan?
Question 10:      a). What is letter of credit?
                            b). How a Letter of credit is opened and operated?
                            c). What are the advantages of Letter of Credit to bank, the importer and exporter?
Question 11:      What is central bank? Discuss its functions.
Question 12:      Wow will you differentiate between commercial and the central bank?
Question 13:      Define monetary policy. Discuss the objectives and methods of monetary policy.
Question 14:      What are the causes of nationalization in Pakistan? Discuss its merits and demerits.
Question 15:      Write a short note on privatization.

Thursday, April 17, 2014

WriterBay.com Sample Test

Thought i should share the screenshots of the test for writers for anyone who might be looking for a sample test. 




Hello Students, 

I am back after a long time... Am planning to revive this space and reach out students with notes. Starting with business and accounting related and later expanding to all subjects.

We were starting a series of commerce and accounting related notes and question papers. Stay tuned.
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