What is the National Development Council and what does it do?4.

(Learn as a list of eight — the standard exam answer — with each feature's one-line evidence.)1. An agricultural economy in transition — around a quarter of GDP, but a much larger share (roughly two-thirds by labour-force measures) of employment; low productivity, monsoon dependence; recent years: services and remittances pulling the composition.2. Low per capita income — GNI per capita of roughly US$1,400: lower-middle income, scheduled to graduate from Least Developed Country status on 24 November 2026, subject to a pending request to defer to 2029 (the graduation's trade-benefit trade-offs are a live debate).3. Remittance-dependent — remittances around a quarter of GDP, among the world's higher ratios: a lifeline for consumption, poverty reduction and reserves — and a diagnosed weakness (spending on imports, thin productive investment) — the full sociology in Sociology Unit 7.1.4. Structural dualism — subsistence farms beside urban consumerism; five-star hotels beside informal lanes; a service-led, "prematurely post-industrial" structure (Sociology Unit 5.5).5. Open and landlocked — an open border with India (currency peg, two-thirds of trade), transit dependence on that single neighbour; trade deficit among the world's largest relative to GDP; exports narrow (carpet-era relics, agro-goods like cardamom, tea, yarn, iron/steel products).6. Aid- and loan-financed public sector — development budget historically donor-supported; post-2015 shift toward domestic borrowing — the fiscal debate of the current decade.7. Demographic transition…