Finance and Economics

Current Status
Not Enrolled
Get Started

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.

Course Content

Expand All
Part A: Finance and Accounts
Part B: Economics and Governance
Lesson Content
0% Complete 0/1 Steps

Leave a Reply

Your email address will not be published.

let's talk!

Welcome Back, We Missed You!