Essay on Organization Of The Petroleum Exporting Countries. The Organisation of the Petroleum Exporting Countries (OPEC) is a permanent, intergovernmental organization, created in 1960 by Iran, Iraq, Kuwait, Saudi Arabia and Venezuela.
The necessary conditions for the success of bank rate policy are more satisfied in the developed countries than in underdeveloped countries. In the underdeveloped countries, the bank rate policy has been called into question due to the following reasons..
In the developing countries, the central bank has to play a much wider role. Besides performing the traditional functions, the central bank has to undertake responsibility of economic growth with stability in these economies.
A sound and efficient banking system, which undertakes the responsibility of promoting economic growth in underdeveloped economies, must possess the following features:
6 essential facts on the neighboring countries of India. India shares its borders with China, Nepal, Bhutan, Pakistan, Afghanistan, Bangladesh, Myanmar, and Sri Lanka.