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| Section B: Mercantile Laws ( 40 marks ) (Top) |
Objective:
It is desired to develop awareness of Mercantile Laws through an overview of Indian Contract Act, Sale of
Goods Act and Indian Partnership Act.
Content: |
1.
2.
3. |
The Indian Contract Act, 1872: An overview of Sections 1 to 75 covering the general nature of contract,
consideration, other essential elements of a valid contract, performance of contract and breach of
contract.
The Sale of Goods Act, 1930: Formation of the contract of sale – Conditions and Warranties – Transfer
of ownership and delivery of goods – Unpaid seller and his rights.
The Indian Partnership Act, 1932: General Nature of Partnership – Rights and duties of partners– Registration and dissolution of a firm. |
| Section C : General Economics ( 50 marks ) (Top) |
Objective:
In General Economics, it is attempted to provide basic knowledge of the economic theory and Indian
economic developments.
Content: |
(I)
1.
2.
3.
4.
(II)
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6.
7.
8.
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Micro Economics
Introduction to Micro Economics
(a) Definition, scope and nature of Economics
(b) Methods of economic study
(c) Central problems of an economy and Production possibilities curve.
Theory of Demand and Supply
(a) Meaning and determinants of demand, Law of demand and Elasticity of demand – Price, income and cross elasticity
(b) Theory of consumer’s behaviour – Marshallian approach and Indifference curve approach
(c) Meaning and determinants of supply, Law of supply and Elasticity of supply.
Theory of Production and Cost
(a) Meaning and Factors of production
(b) Laws of Production – The Law of variable proportions and Laws of returns to scale
(c) Concepts of Costs – Short-run and long-run costs, Average and marginal costs, Total, fixed and variable costs.
Price Determination in Different Markets
(a) Various forms of markets – Perfect Competition, Monopoly, Monopolistic Competition and Oligopoly
(b) Price determination in these markets.
Indian Economic Development
Indian Economy – A Profile
(a) Nature of the Indian Economy
(b) Role of different sectors – Agriculture, Industry and Services in the development of the Indian economy, their problems and growth
(c) National Income of India – Concepts of national income, Different methods of measuring national income, Growth of national income and per capita income in various plans
(d) Basic understanding of tax system of India – Direct and Indirect Taxation.
Select Aspects of Indian Economy
(a) Population – Its size, rate of growth and its implication for growth
(b) Poverty – Absolute and relative poverty and main programs for poverty alleviation
(c) Unemployment – Types, causes and incidence of unemployment
(d) Infrastructure – Energy, Transportation, Communication, Health and Education
(e) Inflation
(f) Budget and Fiscal deficits
(g) Balance of payments
(h) External debts.
Economic Reforms in India
(a) Features of economic reforms since 1991
(b) Liberalisation, Privatisation and Disinvestment
(c) Globalisation.
Money and Banking
(a) Money – Meaning and functions
(b) Commercial Banks – Role and functions
(c) Reserve Bank of India – Role and functions, Monetary policy. |
| Section D: Quantitative Aptitude ( 50 marks ) (Top) |
Objective:
Quantitative Aptitude is included in the course to develop understanding of important quantitative techniques
and their application to business problems.
Content: |
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2.
3.
4.
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6.
7.
8.
9.
10.
11.
12.
13.
14.
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16.
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Ratio and Proportion, Indices, Logarithms
Equations - Linear – simultaneous linear equations up to three variables, quadratic and cubic equations in one variable, equations of a straight line, intersection of straight lines, graphical solution to linear equations.
Inequalities - Graphs of inequalities in two variables – common region.
Simple and Compound Interest including Annuity – Applications
Basic concepts of Permutations and Combinations
Sequence and Series – Arithmetic and Geometric Progressions
Sets, Functions and Relations
Limits and Continuity – Intuitive Approach
Basic concepts of Differential and Integral Calculus (excluding trigonometric functions)
Statistical description of data
(a) Textual, Tabular & Diagrammatic representation of data
(b) Frequency Distribution
(c) Graphical representation of frequency distribution – Histogram, Frequency Polygon, Ogive.
Measures of Central Tendency and Dispersion - Arithmetic Mean, Median – Partition Values, Mode, eometric Mean and Harmonic, Mean, Standard deviation, Quartile deviation.
Correlation and Regression
Probability and Expected Value by Mathematical Expectation
Theoretical Distributions - Binomial, Poisson and Normal.
Sampling Theory - Basic Principles of sampling theory, Comparison between sample survey and complete enumeration, Errors in sample survey, Some important terms associated with sampling, Types of sampling, Theory of estimation, Determination of sample size.
Index Numbers |
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