Economic and Business Environment (CSEET Paper-3) CSEET


 Paper – 3 Economic and Business Environment
   To test understanding on concepts of Micro & Macro Economics with a focus on Indian economic system.
   To test understanding on various crucial elements of business environment
   Total Marks – 50 Marks
   Part A– Economics (25 Marks)
   Part B – Business Environment (25 Marks)

Part A - Economics (25 Marks)
 1 Basics of Demand and Supply and Forms of Market Competition
  •  Theory of Demand and Supply
  • Equilibrium Price 
  • Elasticity of Demand and Supply and other related concepts 
  • Increase and Decrease in Demand and Expansion and Contraction of Demand
  • Forms of Market Competition  Monopoly, Duopoly, Oligopoly, Perfect Competition and Monopolistic Competition
 2 National Income Accounting and Related Concepts 
  • Meaning and methods to compute National Income
  • Key variables of National Income (GNP, GDP, NNP, NDP etc.) 
 3 Indian Union Budget 
  • Key terminologies heads covered under the budget
  • Revenue and Capital Budget 
  • Major components of Revenue and Capital Budget 
  • Meaning of Fiscal Deficit 
  • Components/ Variables covered under Fiscal Deficit 
 4 Indian Financial Markets 
  • Overview of Indian Financial Ecosystem
  • Key facets of Indian financial system
  • Growth of Financial Institutions 
  • Public and private sector banks 
  • Industrial Finance Corporation of India, Small Industries Development Bank of India
  • Regional Rural Banks 
  • Cooperative Banks
  • Non-Banking Finance Companies 
  • Basics of Capital Market: Types of Shares and Debentures Financial assistance scenario for Small and Medium Enterprises and Start-Ups. 
 5 Indian Economy 
  • Primary (Agriculture and allied activities)
  • Secondary (Manufacturing)
  • Tertiary (Services)
  • Current scenario of agriculture and allied activities in India
  • Agricultural and Industrial Policies of India
  • Current scenario of services sector in India
  • Balance of Payments 
  • Components of Balance of Payments
  • Favorable and Unfavorable Balance of Trade
  • Foreign Investments in India Types and Flows 

Part B – Business Environment (25 Marks)
 6 Entrepreneurship Scenario
  • Government initiatives to foster entrepreneurship 
  • Need for entrepreneurship in India
  • Bottlenecks in entrepreneurial growth 
7 Business Environment 
  • Overview of Business Environment 
  • Features and factors influencing business environment
  • Types of environment: Economic environment, Socio cultural environment, Political environment, Legal and Technological environment
  • Ease of Doing Business Index by World Bank for India and Department for Promotion of Industry and Internal Trade (DPIIT) for States 
8 Key Government Institutions 
  • Basic awareness about various institutions and regulatory bodies in India such as NITI Aayog, MCA, SEBI, RBI, IBBI, CCI, NCLT/NCLAT etc.