Are binary systems (in case of stars and other celestial bodies) more favorable than independent existence? I've been going through an article regarding pulsars, where it was stated that 'many pulsars are found in binary systems.The companion of pulsars have been found to be normal stars,planets,white dwarf stars,neutron stars and even another pulsar.'So what are the criteria to form a binary systems ? i know that their sizes should be comparable that leads to the equilibrium of the gravitational attraction between the bodies,etc. As it is a known fact that neutron stars and pulsars are quite heavy and dense,how are they able to co-exist as binary systems with other stars,planets,etc.? Search this @ http://outreach.atnf.csiro.au/education/everyone/pulsars/
It's hard to get exact figures for how many star systems are binaries, but in our galaxy observations suggest that at least a third of all star systems are binaries, i.e. at least half of all stars are in binaries.
So observation suggests that formation of binary systems as roughly as likely as formation of single star systems. There has been a lot of effort put into modelling star formation (see http://arxiv.org/abs/1109.3740 for a recent review) and the most likely cause of binary formation appears to be an instability developing in the protostellar disk that leads to fragmentation of the disk. The fragments then form separate stars.
I'm not sure if you're asking whether pulsars are more likely to be in binary systems. I couldn't find any stats on this, but it seems plausible. Pulsars result from supernova explosions and in a binary the heavier star can increase its mass, and thereby become a supernova by, taking matter from its companion star. This would make pulsars more likely to be in binary systems.
Response to comment: The Sun is a million times heavier than the Earth, but it doesn't gulp it down (just as well really :-). A binary system is perfectly stable no matter how different the masses are.
There's a big difference between a neutron star binary and a pulsar binary. A neutron star can form in a relatively peaceful way. The original star will burn out and collapse to form the neutron star, but will probably leave it's companion star and at least outer planets relatively unscathed.
However a pulsar is formed from a supernova. While the companion star may (just) survive being so close to a supernova it's extremely unlikely that any planets would. Where you have a binary pulsar with planets one possibility is that new planets formed from the debris left behind by the supernova.