Saturday, 23 July 2016

Banking Awareness Concept (Social Economic Issue in India ) For Bank Exams

Dear Readers, Dear Readers, Here we are with important Banking & Financial Terms 'Social Economic Issue' for Upcoming Bank Exams. In this study notes article you learn Banking Awareness Concept (Social Economic Issue in India) For Bank Exams. This is must know topic for Computer Based online test and Bank Interview preparation guide. you also check very imp. 20 Objective type Banking & Financial questions and answers for competitive exams.

Definition of 'Social Economics' Problems

Social Economics Problems focuses on the relationship between social behavior and economics. Social economics examines how social norms, ethics and other social philosophies that influence consumer  behavior shape an economy, and uses history, politics and other social sciences to examine potential results from changes to society or the economy.

At present time India faced many types of Social Economic Problems :

1. Religious violence: Constitutionally India is a secular state, but large-scale violence have periodically occurred in India since independence. In recent decades, communal tensions and religion-based politics have become more prominent.

2. Terrorism: Terrorism in India has often been alleged to be sponsored by Pakistan. After most acts of terrorism in India, many journalists and politicians accuse Pakistan's intelligence agency, the Inter-Services Intelligence of playing a role. Recently, both the US and Afghanistan have accused Pakistan of carrying out terrorist acts in Afghanistan.

3. Naxalism: Naxalism have spread into less developed areas of rural central and eastern India, such as Chattisgarh and Andhra Pradeshthrough the activities of underground groups like the Communist Party of India (Maoist).

4. Caste related violence: Caste-related violence and hate crimes in India have occurred despite the gradual reduction of casteism in the country. Independent India has witnessed considerable amount of violence and hate crimes motivated by caste. RanvirSena, a caste-supremacist fringe paramilitary group based in Bihar, has committed violent acts against Dalits and other members of the scheduled caste community.

5. Overpopulation: India suffers from the problem of overpopulation. Though India ranks second in population, it ranks 33 in terms of population density below countries such as The Netherlands, South Korea and Japan. To cure this problem, Indira Gandhi, Prime Minister of India, had implemented a forced sterilization programme in the early 1970s but failed. Officially, men with two children or more had to submit to sterilization, but many unmarried young men, political opponents and ignorant, poor men were also believed  to have been sterilized. This program is still remembered and criticized in India, and is blamed for creating a wrong public aversion to family planning, which hampered Government programmes for decades.

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6. Poverty: One-third of India's population (roughly equivalent to the entire population of the United States) lives below the poverty line and India is home to one-third of the world's poor people.

7. Corruption: Corruption is widespread in India. India is ranked 72 out of a 179 countries in Transparency International's Corruption Perceptions Index, although its score has improved consistently from 2.7 in 2002 to 3.5 in 2012. Corruption has taken the role of a pervasive aspect of Indian politics and bureaucracy.

8. White Collar Crime: white collar crime as a “crime committed by persons of respectability and high social status in course of their occupation”. A white-collar criminal belongs to upper socio-economic class who violates the criminal law while conducting his professional qualities. Thus misrepresentation through  fraudulent advertisements, infringement of patents, copyrights and trademarks etc.

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The complexity of tax laws in India has provided sufficient scope forth tax-payers to evade taxes. The evasion is more common with influential categories of persons such as traders, businessmen, lawyers, doctors, engineers, contractors etc. White Collar Crime in certain Professions as Medical Profession, Engineering, Legal Profession, Educational Institutions and also White collar crime in business deals, Fake Employment Placement Rackets.

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