Cheques against demand deposits can be used to directly settle payments without the need for cash.A cheque is a piece of paper instructing the bank to pay a sum from the payer’s account to the...
Political parties fill political offices and exercise political power. They do so by performing a series of functions:Parties contest elections.Parties put forward different policies and...
Money cannot buy all the goods and services that one needs to live well. Money, or material things that one can buy with it, is one factor on which our life depends. But the quality of our life...
Democracy stands much superior to any other form of government in promoting dignity and freedom of the individual.Democracy in India has strengthened the claims of the disadvantaged and...
Power is shared among different organs of government, such as the legislature, executive and judiciary.
India has one of the largest road networks in the world, aggregating to about 56 lakh km. In India, roadways have preceded railways. They still have an edge over railways in view of the ease with...
Hello students, though this question requires any three points we covered the entire topic so that you are prepared for a 5-mark question too.The technological and institutional reforms made in...