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Land utilisation

  LAND UTILIZATION  Land is a scarce resource, whose supply is fixed for all practical purposes. At the same time, the demand for land for various competing purposes is continuously increasing with the increase in human population and economic growth.Land use pattern at any given time is determined by several factors including size of human and livestock population, the demand pattern, the technology in use, the cultural traditions, the location and capability of land, institutional factors like ownership pattern and rights scale regulation. Major Types of Land Utilization in India : As in all other countries, land in India is put to various uses. The utilization of land depends upon physical factors like topography, soil and climate as well as upon human factors such as the density of population, duration of occupation of the area,land tenure and technical levels of the people.There are spatial and temporal difference in land utilization due to the continued interplay of phys...
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CREDIT CONTROL

Credit control

Meaning of credit control
Credit control is the regulation of credit by Central Bank for achieving some definite objectives. Changes in the volume of credit influence the level of business activity and price level in the Economy. It becomes necessary for the central bank to keep the creation of credit under control in order to maintain stability in the economic system.

Objectives of credit control
a)Price stability :Price stability is the important objective of credit control policy. The central bank by regulating supply of credit in accordance with the commercial needs of the people ,can bring about the price stability in the country.
b)Economic stability :Operation of business cycle brings instability in capitalist economy. The objective of credit control policy of central bank should be to eliminate cyclical fluctuations and ensure economic stability in the Economy.
c) Employment maximisation : Economic stability with full employment and high performance capital income gas been considered as an import objective of credit control policy of the country.
d)Economic growth : Underdeveloped countries generally suffer from the deficiency of financial resources. Hence,the central banks in these countries should solve the problem of financial scarcity through planned expansion of bank credit.
e)Money market stability :Stabilization money market reduces the fluctuations in the interest rates to the minimum.Credit control should be exercised in such a way that equilibrium in the demand and supply of money should be achieved at all times.
f) Exchange rate stability :Instability in the exchange rates is harmful for foreign trade of the country. Thus,the central bank,in the countries largely dependent upon foreign trade should attempt to eliminate the fluctuations in the foreign exchange rates through its credit control policy.

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