a. To test understanding on concepts of Micro & Macro Economics with a focus on Indian economic system.
b. To test understanding on various crucial elements of business environment. Total Marks – 50 Marks
Sub-part A – Economics (25 Marks
Sub-part B – Business Environment (25 Marks)
Sub-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 concepts of National Income (GNP, GDP, NNP, NDP, Domestic Income, Private Income, Personal Income, Disposable Income, Real Income and Per Capita Income
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 Market
*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 and Small Industries Development Bank of India l Regional Rural Banks l Cooperative Banks l Non-Banking Finance Companies
*Basics of Capital Market: Types of Shares and Debentures
*Financial assistance scenario for Small and Medium Enterprises and Start-Up
5.Indian Economy
*Primary (Agriculture and allied activities)
*Secondary (Manufacturing) l 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 l Foreign Investments in India- Types and Flows
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 environments: Economic environment, Socio-cultural environment, Political environment, Legal and Technological environment l 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 and NCLAT
