Part A: Finance and Accounts-(80 marks):
Fundamental principles and basic concept of Accounting:
1.1 Financial Accounting: Nature and scope, Limitations of Financial Accounting, Basic concepts and Conventions, Generally Accepted Accounting Principles.
1.2 Basic concepts of accounting: Single and double entry, Books of original Entry, Bank Reconciliation, Journal, ledgers, Trial Balance, Rectification of Errors, Manufacturing, Trading, Profit & loss Appropriation Accounts, Balance Sheet Distinction between Capital and Revenue Expenditure, Depreciation Accounting, Valuation of Inventories, Non-profit organisations Accounts, Receipts and Payments and Income & Expenditure Accounts, Bills of Exchange, Self Balancing Ledgers.
Part B: Economics and Governance-(120 marks):
2.1 Comptroller & Auditor General of India- Constitutional provisions, Role and responsibility.
2.2 Finance Commission-Role and functions.
2.3 Basic Concept of Economics and introduction to Micro Economics: Definition, scope and nature of Economics, Methods of economic study and Central problems of an economy and Production possibilities curve.
2.4 Theory of Demand and Supply: Meaning and determinants of demand, Law of demand and Elasticity of demand, Price, income and cross elasticity; Theory of consumer?s behaviourMarshallian approach and Indifference curve approach, Meaning and determinants of supply, Law of supply and Elasticity of Supply.
2.5 Theory of Production and cost: Meaning and Factors of production, Laws of production- Law of variable proportions and Laws of returns to scale.
2.6 Forms of Market and price determination in different markets: Various forms of markets-Perfect Competition, Monopoly, Monopolistic Competition and Oligopoly ad Price determination in these markets.
2.7 Indian Economy:
2.7.1 Nature of the Indian Economy Role of different sectorsRole of Agriculture, Industry and Services-their problems and growth.
2.7.2 National Income of India-Concepts of national income, Different methods of measuring national income.
2.7.3 Population-Its size, rate of growth and its implication on economic growth.
2.7.4 Poverty and unemployment- Absolute and relative poverty, types, causes and incidence of unemployment.
2.7.5 Infrastructure-Energy, Transportation, Communication.
2.8 Economic Reforms in India: Economic reforms since 1991; Liberalisation, Privatisation, Globalisation and Disinvestment.
2.9 Money and Banking:
2.9.1 Monetary/ Fiscal policy- Role and functions of Reserve Bank of India; functions of commercial Banks/RRB/Payment Banks.
2.9.2 Budget and Fiscal deficits and Balance of payments.
2.9.3 Fiscal Responsibility and Budget Management Act, 2003.
2.10 Role of Information Technology in Governance.