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Definition Nature and Scope of Economics, Marshall & Robins Views. Utility of Economics, Micro vs. Macromedia of Economics Study, Economic Theory and Business Decisions.
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Utility Analysis, Consumer Behavior, Consumer’s Equilibrium. Traditional Approach and Indifference Curve and Analysis: Price Income and Substitution Effects. Some Application of Indifference Curve Techniques, Elasticity of Demand.
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Production – Equal Product Curves, Scale of Production: Input-Output Relationship, Cost Curves; Variable Cost Conditions and Law of Variable Proportions, Producers’ Equilibrium. Product Pricing – Market Format, Perfect Competition, Monopoly and Imperfect Completion.
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Pricing of Factors of Production, Concept of Marginal Productivity, Theories of Rent, Wages, Theories of Interest and Profit.
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Functions Significance of Money, Various Forms of Money, Causes, Remedies and Effects of Inflation, Deflation and Reflation Indian Money Market, Principles Methods of Note Issues, Monetary Standard – Gold Standard, Bi-metallize and Managed Currency Standard.
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Meaning and Significance of Credit. Factors Influencing the Volume of Credit in Country, Credit Creations of Bank, Credit Control by RBI.
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Functions of Commercial Bank, Types of Banks, Unit and Branch Banking System, Concept of Mix Banking, Central Bank and its Functions, Reserve Bank of India, State Bank of India, Regional Rural Banks, Progress of Nationalized Banks in India
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Concept of Foreign Exchange and Exchange Rate, Factors Causing Fluctuation in Exchange Control Meaning, Objective and Methods.
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Nature, Scope and Functions of Management, Evolution of Management Thought, Various Approaches to Management, Functions of a Manager, Introduction to Corporate Social Responsibility.
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Planning: Objective, Nature and Process of Planning, SWOT Analysis, Formulation of Plans,Decision Making Process. Organizing: Objectives, Nature and Process of Organizing Formal and Informal Organization, Authority and Responsibility, Delegation and Empowerment,Centralization and Decentralization, Concept of Departmentation, Organization Chart, Line,Staff and Functional Relationships.
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Staffing: Concept, Manpower Planning, Recruitment, Selection, Training and Development,Performance Appraisal. Directing: Concept and Techniques of Motivation and Leadership. Process and Barriers to Communication.
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Controlling: Concept, Need and Techniques. Controlling: Concept, Process and Techniques and Control, Management by Objectives (MBO) Management by Exception (MBE), Essentials of Effective Control, Managerial Effectiveness.
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Office: Meaning, Importance, Activities, Emerging Trends, Concept of Paperless Office.
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Office Management: Meaning, Functions. Office Organization: Definition, Characteristics, Types of Organization, Office Systems and Procedures, Charts and Manuals. Office Location, Layout and Environment, Flow of Work.
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Computer Fundamentals: Concept, Components and Types of Computers. Operating System:Concept, Functions, Types. Managing Files and Folders. Internet: Basics, Features, Methods of Access. Applications and Benefits of Computerization and Internet in Office. Introduction to Word Processing and Spreadsheets: Templates and Creation of Documents, Editing and Formatting, Creating tables, Basic Applications.
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Office Record Management: Importance, Filing Essentials, Modern Methods of Filing, Modern
Filing Devices, Indexing System. Office Forms: Meaning, Principles, Design and Control of Office
Forms.
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Office Supplies: Management and Control of Office Supplies. Office Correspondence: Types,
Centralized and Decentralized Correspondence, Procedure of Handling Inward and Outward
Correspondence, Electronic Communication.
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Office Information System: Concept, Basic Types and Business Applications. Planning and
Designing of Information System: System Development Life Cycle, Flow Charts. Office Reports:
Types of Reports, Report Writing and Precis Writing.
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E-Commerce: Concepts, Types, Business Models, E-payment Systems.
Accounting
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Accounting an Introduction: Accounting Standard – National and International, Partnership
Accounts – Admission, Retirement & Death and Dissolution of Partnership Firm.
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Absorption, Amalgamation and Reconstruction of Companies, Liquidation of Companies and
Preparation of a Liquidator’s Final Statement of Account.
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Hire Purchase and Instalment Accounts, Royalties Accounts, Insolvency Accounts.
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Branch Account: Voyage Accounts, Accounts of Empties and Packages; Insurance Claim for Loss
of Stock and Loss of Profit.
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Definition, Nature and Scope of Business, Business and Society, Social Responsibility of Business,
Factors Determining the Size of Business Unit. Forms of Business Organization – A Comparative
Study.
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Monopolistic Combination, Production Management, Rationalization & Methods of
Remunerating Labor.
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Organization Process – Importance, Principles, Various Aspects of Organization, Organization
Structure, Departmentation, Line and Staff Relationships, Span of Control, Delegation of
Authority, Decentralization.
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Produce and Stock Exchange: Its Organization and Economic Functions.
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General – The Nature and Scope of Statistics: Definition of Statistics. Law of Statistical Regularity:
Law of Inertia of Large Numbers. Probability and Sampling. Limitations of Statistics.
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Methods of Statistical Enquiry – Types and Characteristics of Units. Methods of Collection of
Data; Questionnaire and Schedule; Proximations and Accuracy, Errors and their Effects.
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Classification and Tabulation – Objects, General- Rules for the Construction of Tables; Statistical
Series.
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Measure of Central Tendency – Mean Mode, Median, Quartile Harmonic and Geometric Mean.
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Measurement of Dispersion and Skewness – Range, Quartile Deviation, Mean Deviation,
Standard Deviation and their Coefficients; Measures of Skewness.
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Correlation Analysis – Graphic Method, Scatter Diagram, Karl Pearson’s Coefficient of
Correlation, Spearman’s Ranking Method, Lag and Lead, Probable and Standard Error.
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Regression Analysis – Linear Regression, Regression Lines, Regression Equations.
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Interpolation – Assumptions, Newtons’ Advancing Differences, LaGrange’s’ Formula; Parabolic
Curve Method; Binominal Expansion Method.
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Public Finance – Definition and Scope; Public and Private Finance.
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Public Revenue – Sources of Public Revenue; Nature and Principles of Taxation; Classification of
Taxes; Problems Principles of Equity in Taxation. Incidence of Taxation; Shifting of Taxes. Effects
of Taxation. Requirements of a Sound tax System. Canons of Taxation.
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Principle of Maximum Social Advantage.
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Public Expenditure – Classification, Effects and Canons of Public Expenditure, Public Debt,
External and Internal Debt. Methods of Debt Redemption. Capital Levy, Deficit Financing.
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Administration, Budget- Its Preparation, Legislation and Execution.
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Analysis of Trends in Central Government’s Revenue, Expenditure and Debt. Financing of Five
Year Plans, Deficit Financing in India.
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State and Local Finance, Heads of Revenue and Items of Expenditure and Related Issues.
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Introduction to Insurance: Purpose and Need of Insurance, Insurance as a Social Security Tool;
Insurance and Economic Development, Fundamentals/ Principles of Insurance. Contract of
Insurance.
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Life Insurance – Principles and Practice of Life Assurance. Life Assurance Contract, their Nature
and Characteristics, Parties to the Contract and their Rights and Duties. Conditions and terms of
Policy. Nominations and Assignment Practice in Connection with Collection of Premium, Revivals,
Loans, Surrenders, Claims, Bonuses and Annuity Payments, Mortality Table.
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Fire Insurance - The Basic Principles of Fire Insurance Contracts. Fire Policy, Conditions,
Assignment of Policy, Claims. Marine Insurance – General Principles – Insurable Interest and Value
Disclosure Marine Policy and their Conditions, Premium Double Insurance: Assignment of Policy
Warranties the Voyage, Loss and Abandonment: Partial Losses and Particular Charges; Salvage;
Total Losses and measures of indemnity, Subrogation equation of payments, types of annuities;
Present Value and Amount of an Annuity, Including the Case of Continuous Compounding;
Analysis of Annuity; Valuation of Simple Loans and Debentures; Problems Relating to Sinking
Funds.
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Introduction: Meaning and objectives of Auditing: Types of Audits; Internal Audit. Audit Process:
Audit Programmed; Audit and Books; Working Papers and Evidences; Consideration for
Commencing an Audit; Routine Checking and Test Checking. Internal Check System: Internal
Control.
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Audit Procedure: Vouching; Verification of Assets and Liabilities. Audit of Limited Companies:
Company Auditor- Appointment, Powers, Duties, and Liabilities.
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Auditing Standards – Appointment, Power, Duties and Liability of Auditor. Broad Outlines of
Company Audit and Auditor’s Report. Special Audit – Banking Companies, Educational
Institutions, Insurance Companies. Investigation, Audit of Non-profit Organization, Divisible
Profit & Dividend.
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Recent Trends in Auditing – Nature and Significance of Cost Audit; Tax Audit, Management
Audit, Computerized Audit.
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Concept – Definition and Scope of Macro-Economics, Statics and Dynamics, The Circular Flow of
Income. The Analysis and Measurement of Economic Activity – National Income Accounting –
Concept and Definitions of National Income. Various Component of National Income, Methods of
Measurement of National Income and Welfare.
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The consumption function – The Keynesian Consumption Function, Relative Income Hypothesis,
Permanent Income Hypothesis Multiplier and the Process of Income – Propagation. The Investment
Function – Autonomous and Induced Investment. Government and the Theory of Income
Determination – Government Purchases and Income, Taxes and Equilibrium Level of Income, Tax
Multiplier Determination of the Equilibrium Level of Income – The Simple Keynesian Model.
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Marginal Efficiency of Capital, Relation between MEC and MEI. The Derivation and Shift in IS and
LM Curves, the Interaction between IS and LM Curves. The Acceleration Principle. Theories of
Employment – Say’s Law of Market and Classical Theory of Employment, Saving Investment
Analysis. An Outline of Keynesian Theory of Employment.
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Theory of Inflation – Concepts of Inflation, Inflationary Gaps Demand Pull and Cost Push Inflation.
The Philips Curve, Effects of Inflation, Anti-Inflation Policies – Mentary and Fiscal Policies.
Fluctuation and Growth – Hawtrey, Hayek, Sehumpeter, Samuelson, Hicks. Theories of Population
– Malthusian Theory and Theory of Optimum Population.
BETA
