Does docker container get the same band-width as the host container? Or do we need to configure min and(or) max. I 've noticed that we need to override default RAM(which is 2 GB) and Swap space configuration if we need to run CPU intensive jobs. Also do we need to configure the disk-space ? Or does it by default get as much space as the actual hard disk.
This depends some on what your host system is and how old it is.
In all cases network bandwidth isn't explicitly limited or allocated between the host and containers; a container can do as much network I/O as it wants up to the host's limitations.
On current native Linux there isn't a desktop application and docker info will say something like Storage driver: overlay2 (overlay and aufs are good here too). There are no special limitations on memory, CPU, or disk usage; in all cases a container can use up to the full physical host resources, unless limited with a docker run option.
On older native Linux there isn't a desktop application and docker info says Storage driver: devicemapper. (Consider upgrading your host!) All containers and images are stored in a separate filesystem and the size of that is limited (it is included in the docker info output); named volumes and host bind mounts live outside this space. Again, memory and CPU are not intrinsically limited.
Docker Toolbox and Docker for Mac both use virtual machines to provide a Linux kernel to non-Linux hosts. If you see a "memory" slider you are probably using a solution like this. Disk use for containers, images, and named volumes is limited to the VM capacity, along with memory and CPU. Host bind mounts generally get passed through to the host system.