Question

Define or explain the concepts.

1. Terrorism

2. Corruption

3. Black marketing

Answer 1

1. Terrorism is an activity that operates by spreading fear and indulging in violent activities to achieve political and social objectives. Terrorism is increasingly funded by the drugs trade and money laundering. Terrorists use armed violence and sabotage civic resources to fulfill their aims. Often different modes are used to spread terror such as bomb blasts, suicide bombers, cyber crime, etc. Terrorism is a big threat to peace and stability, as it destroys economic resources of nations and claims innocent lives as collateral damage. It has become the need of the hour to know the modus operandi of terrorists. Latest techniques and terror fighting equipments have to be used. In addition, innovations in military strategies are area also required to combat terrorism.

2. Corruption is the act of offering and taking or demanding bribes. It is a favour made by a person in authority or power in exchange for monetary or other benefits. Corruption is an immoral act that ultimately erodes the basic faith of people in democracy and the law of the land. It leads to deprivation of basic rights, socio-economic unrest in society, increasing theft , misallocation of resources and denial of justice. Thus, corruption affects the overall growth and social development of a country.

3. Black marketing is an unlawful activity that involves illegal trade of goods. A black market is not a physical place but a means of trading in banned and illegal goods and avoiding tax payment. For instance, buying and selling drugs or trading stolen items are examples of black marketing. Black marketing drains the resources of an economy, as it involves tax evasion and money laundering.