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I IVERSITY OF CALICUT UN A\
I
A\ q,\
UN IVERSITY OF CALICUT
M. COM. DEGREE COURSE
SYLLABUS
1972
o
I
CUP
\
UNIVERSITY OF CALICU,T
Sf.LLABUS
FOR
M. COM. DEGR.EE COIIR.SE
(Re-organised)
'
Scheme of the Course :
-
The course shall consist of two Parts viz. Part I (Compulsory subjects) to be taken in the first year and Part II (Obtional
subjects) to be taken in the second year of the course.
The following shall be the compulsory subjects of study.
Penr
I
(Computsory Subjects)
I.
U.
IU.
IY.
I
.i
.\
Planning and Economic Development.
Business Administraticn.
Management Accounting,
CorporationFinance.
fARr II
(Optional Subjects)
The following shall be the streams of subjects for optional,
each subject to consist of thrce papers plus Essay or Dissertation.
A
candidate will have to select any one stream. Dissertation
shall be open only to those candidates who obtain not less than
50 percent aggregate marks in Part I Examination.
There
I.
will
be a
Viva Voce.
Bqnking
(a) Advanced Banking.
(b) Foreign Exchange and lnternational
Financial Institutions.
(c)
Indian Banking-Theory and Practice.
t
./
,d
-2II.
Marketing
(a) Industrial
(b) Trade
(c) Transport
ilI.
and agricultural Marketing
Financiat Managcment
(a) Advanced Financial Accounting
(b) Advanced Cost Accounting
(c) Taxation Law and Accounts
IV.
Industrial relatious
(a) Labour Economics
(b) Labour Laws
(c) Personal Management
SCHEME OF THE EXAMINATIONS
Plnr I
i
ii
Paper iii
Paper iv
Paper
Planning and Economic Developmcnt 100 marks
Paper
Administration
Management Accounting
Corporation Finance
Busines$
Total
100 marks
100 marks
100 marks
400 marks
Pm.r II
i
Paper ii
Paper iii
Paper iv
Paper
Optional subject
Optional subject
Optional subject
Essay or Dissertation
Viva Voce
100 marks
100 marks
100 marks
100 marks
100 marks
Total
500 marks
Each paper shall be of 3 hours duration and shall carry
100 marks. A candidate obtaining not less than 35 pcrcent
marks in each paper and 40 percent in the aggregate in each
-3part shall be declared to have passed in the part. A candidate
obtaining not less than 60 percent marks in the aggregate for
Parts I and II together, shall be placed in the first class and a
candidate obtaining less than 60 per cent but not less than 50
per cent in the aggregate for parts I and II together shall be
placed in the second class. A candidate who obtains less than 50
per cent but not less than 40 percent in the aggregate for parts I
and II together shall be placed in the third class.
Dissertation
Under disseriation the candidate is required
to
undertake a
to the guide by the end of February and final report in the form
of typed dissertation to the University
Department by the end of March.
Paper
tbrough the Head of the
Pmr I
I
PLANNING AND ECONOMIC DEVELOPMENT
I.
Growth and
Percapita income Nation
a
Development _Indices of growth _
I income -percapi ta income-\ationa l.
irrcome concepts-Measuremcnt of National rncome-Determination of National Income.
III. Case forPlanning-Characteristics of under_developed
economies-Limiting factors in development.
-4IV.
Types of Planning-Physical
vs Decentralised, Annual vs
vs Financial, Centralised
perspective and Corrective vs
Developmontal planning-Planning models.
V.
Tools and Techniques of planning-Capital output
ratio-saving and investment-Investment criteria-Project evaluation and cost benefit analysis
of Plans-Fixing targets, global and
and
collection of resources-Problems of
sectoral Mobilisation
mobilisation including foreign
of
resource
resources-Problems
plans.
in
exchange-Balancing
VI.
VII.
Formation
Public policy-Role
of the State-Fiscal,
Monetary
and debt management, policies-Price Policy-Control of
monopoly power.
Methods used in formulating
of the first, second and third
evaluation
Indian Plans-Critical
and Plan implementmobilisation
of
re'ource
Plans-Problems
in India'
mechinery
plan-Planning
ation during fourth
VIII. Indian
Planning
Books recommended
1.
Ruggles Richard-Introduction to National fncome and
Economics.
.
2.
3.
Samuelson-Income AnalYsis
Agarwala Naeed singh s. P. The Economics
of
Under-
in
under-
development
4. Nurkse R-Problems of
capital formation
developed countries.
5. Chakravarthy, S' The logic of Investment Planning'
6. Benjamin Eiggins-Economic development
7. Mier-Leading issues in Development planning
8. Mier and Baldwin-Economic Development
9. Gadgil D. R' Planning and Economic Policy in India
10. Sen, A. K. Choice of Technique
-5G.
Devclopment Pl rnning
12. U. N. Process and problems of Industrialisation in uader
developed countries
II
.
Timbergen
13. Planning
Comn'ission (India)-Reports
on Five
Year
plans.
BUSINESS ADMINISTRETION
Ma
Planning Organising,
The functional areas
The concept of
of Managementand Motivatingance, prod:rction'
Personnel, Marketing etc'
Finance-NatureofFinanceasafunctionalareaofManage.
fi nance department-Administration of the Finance Department'
ment -Otganisation and functions of
a typical manlfacturing unit.
Personnel-Functions of personnel department, Selection,
Induction, training, placement, promotion, Salary and wage
administration, Welfare of employees, Safety'
Marketing-Functions of Marketing departmcnt-Salesadvertising nuuticity-lr,tarketing research-Price Policy, Distribution, Forecasting, Market anlysis.
Other functions-Procurement, Legal' O & M' Secretarial'
Statistical.
Control-Budgetary control-Other methods
management control.
of
higher
-6 Books recommended
l. Morries Herby-Business Administration.
2. Arthur N. Weimer_Business Administration
3. Banerji-M.-Business Administration.
4. Saxena-S. C.-Business Administration & Management.
5. Asthana G. p.-'Ihe Ground work of Managment.
6. Davor S. R.
Organisation & Industrial
Management.
7.
Reachards M. D.
Management.
8.
-Business
Brech E. F.
& Nielander W. F._Readings and
L.-The principles
and pracrice
ment.
9.
10.
Paper
of Manage.
William H. Newman-Administrative Action.
Appley L.-Management in Action.
III
Penr r
MANAGEMENT ACCOUNTING
Scope: Accounting as an aid to Management in
l.
2.
Laying down policies,
Controlling operation to maximise profits/wealth
SECTION A
Concept of Capital
- Eqtrity, borrowed, working capitat
Nature of working capital, estimating requirements of
working
capital, Funds Flow analysis, Financial planning, nudgeting]
efect of changes in policy regarding credit, prliing,
o1.,
working capital, control of working capital, fiied (iong
"i".term;
capital, capital employed, cosr of capital, f.ontutiiitfoperating and Return_ on capital employee and financial position
"i
aud trends Ratio analysis
Measurement of profits (by period, function, product,
department, Division, etc.) ftrr u uniforn basis for
profitability of operations-preparation of profit statem*t
"ornpurirg
ioi
oontrol and decision making, reports of profiiability of operation
for use of top management.
-7Planning new projects, development arrd expansions
over capitaLsation-valuation of shares.
Techniques
analysis_Inter frm
Reports on data to
com
the
nual
requr rements, meaning-fu I disclosure
,
accounts-legal
of Information.
SECTION B
Elements of cost Accounting.
Standard costing-Analysis of variances.
Marginal costing-Break-even analysis.
Setting up a cost system.
Budgetary control
Use of cost data for decision making.
Books recommended
l. Keller I. W. Management Accounting for profit Control.
2. Moore & Jaedicke-Managerial Accounting.
3. Greene W. C. Case problems in Management Accounting.
4. Nagarathnam S.-Guide to Management Accounting.
5. B. I. M.-Accounts for Management.
6. Greecy R. G.-ManagemeDt Accounting Simplified.
7. Boorrnan H.-Financial and Managerial Accounting.
8. Pathy J.-Management Accountaocy.
9. Dobson R. W.-Management Information & Accounting.
10.
Mongren C. T. Accounting for management Control.
Kohler E. L.-Accounting for Management.
12. Anthony R. N.-Management Accounting principles.
ll.
-8 13. Sarkar N.-Management Accountancy.
14. Keller and Ferrara-Management Accounting for Profit
Control.
Paula E. C. De.-Management Accounting in Practice.
15.
16. Banerjee S.-Management Accountancy.
17. Botty J.-Development in Management Accountancy'
18. Kulshreshtha N. K. Approach to Management Accounting.
Gupta R.
lg.
L.-Outline of Management
Accountancy'
20. S. C. Kuchhal, Financial Management.
21. Herngrew-Cost Accounts-A Managerial
22.
Emphasis'
Brown and Howard-Management Accountancy'
Panr I
Paper IV
CORPORATION FINANCE
I.
Meaning anrl Scope of corporation finance
business-Its scope-Factors infhenciug the administration of the Finance-Function-classiThe finance function in
fication and description of the Finance Function'
II.
Promotion of ComPanies
Steps in promotion-Promoters compensation, appropriate
time foi flotation of companies-trade cycles and their effects on
promotion-Company promotions in India-Recent trends'
III.
Capital needs of a new enterprisc
Calculatingtotalcapitalrequirements-Methodsofcalcula.
-9definition-Classification-Necessity of ample working capital
Redundant working capital-Proper and adequate amount of
circulating and working capital-Factors influencing relative
proportion of fixed and working capital-Position in Indian
Companies.
IV.
Methods of reising finance by Corporetions
Corporate securifies Ownership and credit-ship securitiesOwnership securities-Equity shares-meaning-advantages of
financing with equity shares-Par value stock and no par stock
nv e rs io r Privi lege
-Co
Creditship securities-Bonds and Debuntures-Meanings gener rl
Preference shares-meanin g --c lassi fr cation
characteristics and classification of corporate bonds-Deed of
Trust-Function of trustee-mortgage bonds unsecured bondsof debentures-Extinclion of bonded in-debtedness, redumption.
refunding, conversion-sinking fund for bond retirement --Sequrity
pattern in India-recent trends.
V
Distribution of Corporate Securities
Marketing of new securities-new issue market and its set up
buyers-their classification-Individual investors Insti-
-Securityinvestors like banks-Managing agents-Investment
tutional
trusts, investment companies -Business coqrorations and Governments owned or controlled corporations-Methods of marketing
securities-Dircctor selling- through investment intermedaiesInvestment banking and under-writing Under writing of capital
issues
in India, Recent trend securities
mark:ts and their
regulations, economic function of s.'curity market-Stock exchanges
Service listing and delisting of securitres. Advantage
-Functions
and disadvantages of list Role of Speculation in stock-exchangcs.
Forward traning-Blank transfers-Organisation of India Stock
of stock exchangcs
in India, Capital market-Growth of capital market in India-Recent trends-Role of foreign capital in Indian Industries.
exchanges-{rawbacks and Refects regulation
Ioternal Finencing
Surplus and rcserve policies-Dividend policy-4apitalisation of Profits-Self financing in corporate undertakingsFioancing of replacements and expansion-Cost of capital.
VI
l0 -:-
Combination movement
Factors leading to combinations-Legal control of comtinations-Holdin g companies-amalgmations-Combinations in
India-Recent trends.
VII
Recapitalisation-readjustment-reorganisarion and liquidation.
VIII
Financial institutions and Institutional Financing
Financial Institutions (with reference to India only)
' L
lndian Banks and Industrial Finance Investment trusts
and companies in India-Unit trust of India-Life Insurance
Corporation of India-Managing agents.
Institutional Fioancing
International financial institutions like International Financial
Corporatiou-International Devolopment Association and Asian
Development Bank. Industrial Finance Corporation of India.
National Industrial -Development Corporation
of
India
Industrial Credit and Investment Corporation of India
Industrial Development Bank sf India
State Financial Corporations.
State Industrial Development Corporations.
IX
State and Corporation Finance
Control of capital issues-Objects of the control-Administration and disposal of applications-Critical appraisal.
Concentralion of power--State policy-Indian Companies
Act-Ig56. Maralanobis Committee and its fi ndings-Monopolies
Inquiry. Commission and their findings and recommendationsReserve Bank of fndia and Industrial Finance-Steps taken by
the Bank policy regarding long term finance.
Books Recommended
l.
Gorstemberg
C.
W. : Financial
Organisation and
Management
2. Dewing,
S.
:
Financial Policy of Corporation
-n-3.
4.
5.
6.
7.
Guthmann & Dougall
Howard and UPton
Paish, P. M.
Corporate Financial PolicY
Introduction to Business Financc
Kuchal, S, C.
Mulky & Samant
8.
Mulky
Corporation Finance
Organisation and Financing of
kdustries in India.
The new Capital Issue Market
9.
Besu, S. K.
in India
India
in
Industrial Finance
Capital Under writing
Stock exchange in lndia
Capital Market of India
Internal Finance of Industrial
Undertaking
India
in
Capital
Foreign
Banking and lndustrial Finance
in India
10. Finnic, D.
11. Gorg, K. L.
12. Simba, S. L. N.
13. Rose, T. G.
14. Zinkin, T.
15. Das, N.
16. Kuchal, S. C.
l7
18.
19.
20.
Business Finance
Financial Management
Indian Companies Act, 1956 (.rs amended uP-to'date)
Reserve Bank of India Bulletin
Sharmajan, Chawhan r Elements of CorPoration
Finance
Donaldson,
E.
F.
Corporation Finance.
Plnr II
-
BANKING
Paper
I
A.
ADVANCED BANKING:
Co 'nercial Banking: Role of
banking on economic
growth
Essentials of commercial banking.
The liabilities and assets of contmercial
banks-
Resources-investmentsandadvance_Reorganisationof
lending policY.
-t2Effects of banking policy on economic activity_Changes on
rates of interest-short tcrm and rong term and their influence
on
holding of goods, availability of capital ftrnds and investments in
fixed capital.
The process ofcredit and its relation to the process of saving
and investment-Nature of credit and of financiir assests-Their
Operation costs and operation profitability-Costs of banking
s.rvices and earnings-Interest rates and cost analysis.
Operation guidance-Supervision and control-Role of
Central Bank and the Government.
Recent trends in Concmercial Banking in the developed and
developing economies-changeg
banking.
B.
in the traditional
concepts
of
Central Banking
Essentials of Central Banking
Central Banking functions
Central Banks and monetary policy in organised and unorganised money markets-Recent trinds in Techniques_
Objectives and techniques o[ Central banking
Policy in developed and developing economies
Central Bankts relations with Government-case for greater
state control.
C.
I
fnternetional Banking
flnited Kingdom
(a)
Commercial Banking-Evolution and growth.
Financial structure of a typical British Bank_Overseas
business. British banks and the London Money Market-Bill
houses, Teasury bills_treasury
and bill market--Accepting
- r3 deposit receipts discount housess and the phases in discount marke
evolution-present economic function of Discount houses.
The London Bankers' Clearing House-Recent trends English
Banking-
(b) Central Banking- Bankof England-History, Structure
and Organ isation-Central Banking functions-Bank of England
and the money Market-External Transactions of the BankRelations with the Government-Recent trends in Central Banking
Policy.
II
United States of America
(a) Commercial Banking Evolution and growtD-Distinctive
features of the Commercial banking system of U.S.
chartering
ation. Goveflxmeot supervision, supervisory agencies, -Organisof new banks, Branch, Group and Chain banking, Integration
Financial structure of Commercial Banks Their lending operations
Investment
Deposits
Capital accounts Federal Reserve
system and Commercial Banks.
-
-
-
-
Bankers' Clearing HousesThe New York Money Market-Specialised Credit systemsFederal Deposit Instrance CorporationRecent Trends in Commercial Banking in
U. S. A.
(b) Central Banking
Federal Reserve system-history
-The
structur€ and Organisation-Federal Reserve System and central
Banking functions--<ffects of Federal Reserve Policy on Commercial Banks-Recent trends in Central Banking in U. S. A.
III
Japan
(a) Commercial Banking Evolution and growth-Organisational and other features of commercial banking-Role of
Commercial Banks in the Money and capital Markets-Foreign
banks.
Institations specialising in Industrial and agricultural Finance
trends in Commercial Banking in Japan.
-Recent
,a
-14(b) Cental, Banking-The Bank of Japan-HistoryStructure and Organisation-Central Banking functions Monctary
policy-Recent trends in Cetral Banking policy.
Mest
Germany
(a) Commericial Banking-Revival of German economy
after the division of the country following second World WarStructure of the Banking System-a general review-Specil features
of funds and types of credit allowed-payment trans-Sources
actions-Relations between the State and the Banks-Types of
Banks-Recent trends in Commercial Banking.
(b)
Cenlfal Banking
-
Reorganised structure
of the West
German Central Banking system-Orgnjstion functions-Monetary
policy-Re;ent trends in Centrl Banking policy
V
France
(a)
Commercial Banking-Evolution and growth-Distin-
ctive features of French bankiug system. Classification of Banking
institations into private, semi-public and public. Characteristics
and functions-Recent trends in commercial banking
(b) Central
Banking
The Bank of France-History,
structure and organisation-Central banking functions-Monetary policy-Relations with the government-Ndtional credit
council-Banking control commission-Credit po licy in post-war
period-recent trends in Central Banking policy.
Mwitzerland
and U. S. S. R.
(a) Commercial Banking (b) Central Banking
D.
Comparative study of the banking system of India with
U.K.,
U.S.A., Japan, West Germany, France, Switzerland
those of
U.
S.
S.
R.
and
E. Trade Cycles-Stabilisation
policy-Banking policy
and the price level-credit control by the State.
-
l5
-
Books i recommended
l.
2,
Bechart, B. E.
Banking systems (Times of
Sayers, R. S.
India Press, Bombay)
Modern Banking (Oxford
UniversitY Press)
3.
4.
The American Banking System
( Oxford University Press )
Central Banking after Bighot
Oxford University Press
Sayers, R. S.
-do-
5,
De Kock
Central Banking ( Staples Press
Ltd. )
6.
Sayers, R. S.
Banking in British Common
Welath (Oxford University Press)
7.
8.
Kisch and Elkin
Central Banks ( Mao Millan )
H. V. Rochnow
The Federal Reserve System
( Harper and Brothers )
New
A
Horizon in Central Ban-
(EdtorY)
9.
Sid Mitra
king (Asia Publishing
House )
10.
W. Manning Daey
The British Banking Mechanism
( Hutchinson and Co. )
l.
Ghosal & Sharma
Economic Growth and Commercial Banking in a developing
economy (Scientific Book Agency)
12.
Wilson, J. S. B.
13.
Burgess
14.
Basu, S. K.
15.
F. D. R. Publi:a-
16.
Sen, S. N.
French Banking Structure and
Credit Policy. ( Hardward University Press
Reserve Banks and the Money
Market ( Harper and Bros. )
A survey of contemporary Banking Trends. (The Books
Exchange , Calcutta )
Federal Reserve Sistem-Functions and workings
Central Banking in Under-developed Money Market ( Bookland
Pvt. Ltd. )
I
tions
-1617.
Parekh,
18.
Sethy, J. D.
H. T.
Monetary Policy and Central
Banking in Contemporary Japan
( University in Bombay
)
Problems of Monetary policy in
an under-developed economy
19.
Chandler,
20.
Estey,
21.
Hicks, J. R.
L.
(Asia Publishing House )
Central Banking and Ecooomic
Y.
Development
J. A.
Busines Cycles ( Asia publishing
house Bombay )
A contribition to the theory of
Trade Cycle (Clarendan press,
Oxford )
22. G. Growther
An outline of Money
23. R, G. Hawtrey
The Art of Central Banking
24. Sayerc, R. S.
Bankiog in Western Europe
(Oxford University press. )
25. Bank for Intcrnational Settlement ( publishers ) Eight
Europaan Central Banks.
26.
27.
Reserve Bank of India Annual Reports progress of
Banking in India and Statistics relation to Banks.
Bank of Japan (publishers) The Bank of Japan_Organisation and Monetary policies.
28. LongTerm Credit Bankof Japan (publishers)
29.
Long
Terrr Credit Bank of Japan.
Reserve Bank of India (publishcrs) Banking and
Development.
Panr II
BANKING
Paper II
FOREIGN EXCHANGE AND INTERNATIONAL
FINANCIAL INSTITUTIONS
I
Main carses of fluctuations in the Exchenges
visible aod invisible trade-seasonal factors gold exports of
old producing countries
-17
U
-
Golrt Stanrlard
Exchange rates under gold standard-
Gold points
The specie flow price level mechanism
Gold standard and devaluation
Gold exchange stand ard-Gold Bul lion
UI
Staffith?:J
PaPer Stanrlard
The purchasing power parity theory-Basic defects
1"'*
of the
P. P. P. Th.eory.
The balance ofpayments Theory ofexchange rates'
the
The manipulation of exchange rates-Factors affecting
demands for and supply of foreign exchanges etc'
Mhe
Mixed Standard
IMF.Itsestablishment.objectivesandoperations_Keyne's
plan-TheWhiteplanCanadianPlanBrettonwood,sconference
payment
on problems of internationat liquidity and multilateral
facilitiesorganisationandManagement-Quotasandsubscriptions_
fund and exchange rates-the fund and exchange control
The Fund's lending operations-Special drawing rights and
paper Gold Scheme.
Sterling area Dellar Pool - Hard and
Currency blocks
Soft Currency area -Convertible currency area-
The
V
Exchange Control
Main provisions of exchange control law - ObjeMeaniog
ctives of exchange control -Exchange stabilisation -Methods
of
exchange control.
Directmeasuresemployed:ExchangeRestrictions:-Cleaagreements, standstill agreements ring agreements
-Payments transfer Morature blocked accouuts
CoirpJnsation-agreements
intervention exchange equalisation
exchange rates
--ottiptr
accounts
-
-
exchange Pegging.
Indirect measures Exchange control in practice -the merits
excbange control operations in India'
of exchange control
-
7
-18VI
Devaluation:
Aims and background factors leading to devaluation
Advantages and disadvantages
_
Devaluation of pound sterling in l93l and 1949_Devalua_
tion.of Indian Rupee in 1965 ffifrt point programme _
Reva_
- and demerits.
luation of Indian Rupee-Merits
VII
Foreign Exchange crises.
direct and indirect
Causes
vIrI
Theory
rX
-
_
Remedies
Fixed rates vs. Flexibre exchanges rat€s
-
Arbitrage operations
-
Forward Rates
Exchange Arithematic relating to transactions generally
conducted by Exchange Banks; Selection
of buying uod r.tiir!,
rates-fixation of
rates for yarious exchange transactions
(T. T. Rates, cross rates, Telequal rates etc.) adjustment
of
fates to cover profits, changes etc.
X fnternational Financial Institutions.
I. I. B. R. D.
2. I. F. C.
3. r. D. A.
4.
G. A. T. T.
5. Asian Development Bank
6. United Nations special fund for Economic Development
7. The Bank of International settlements.
8. The Expert - import Bank
9. The Europeon payments Union
10.
I
Europeon Monetary Agreement
l. The export credit and Guarentee Corporation
XI Role of Resorve Bank of India in Financing foreign trade
and fndia's export promotion policies and measures.
xII International Bulrion
Deller Markets in the East.
Markets-Eure-Derar
Markets
Books recommended
l. A B C of the
(Macmillan)
Foreign
Exchanges
_ Norrran Crump
-192.
3.
4.
5.
6.
7.
8.
g.
A Text book of Foreign Exchanges Paul Einzig (Macmillan
A Manual of Foreign Exchange H. E. Evitt (Pitman)
Monetary Theory and Public Policy-K. K' Kurihara
(Unwin University books)
The International Monetary Fund-Shigeo Horie (Mac'
millan)
Recent Developments in International Monetary System K. K. Sharma (Asia Publishers)
An outline of Money- Geoffery Growther (Universal book
Stall, Delhi)
The Historyof ForeignExchange- Paul Finzig (Macmillan)
Foreign Exchange Crisis-Poul Finzing (Macmillan)
H. C. F' Holgate (Pitman)
10.
Exchange Arithemetic
ll.
Foreign Exchange and Exchange Control.
-
H. E. Evitt
(Pitman)
12.
ll.
N. S. Iyer.
Guidc for Exporters-Reserve Bank of India (Publication
Foreign Exchange in India
-
Eivn.)
14. Outlineof
Exchange Control in India-Reserve Bank of
India.
15.
16.
17.
18.
Latest report on Currency and Finance by Reserve Bank
India and Reserve Bank of India Bulletin.
Journal of Indiau Institute of Bankers Bombay.
Journal ofthe Institute of Bankers
of
-London.
K. K. Das (Progress
Foreign Trade and Foreign Exchange
12.
Calcutta.
Prrblishers
19. An outline of MoneY-GeommerY
20. The Mechanism of Foreign Exchange-John A. Tedd.
21. Modern Foreign Exchange-Escher F.
22. Foreign Exchange - Whittaker A. C.
23. International Monetary Policy - Scammell.
-a
-20Plnr-II
BANKING
Paper
III
INDIAN BANKING_THEORY & PRACTICE
A. THEORY
l. Evolution
of Indian economy.
of
Banking in India-Special characteristics
2, Financial needs of Indian economy-Rural and Agricultural finance-Industrial Finance-Cottage and small scale
industries-Medium scale industries-Large scale industriesShort, Medium and long term finance-Financial requirements of
trade and commerce-Ware-housing and marketing.
3'
us
bankers
Comme
L. I. C.
of
India-Specialised financial Institutions (Central and State)
Development banks-Refinance Corporation.
4.
Mobilisation of savings banks-Chitties and Nidies and
their functioning.
5.
exchan
Decumentation-Foreign
d for developing foreign
exchan
6. State Bank of India and its subsidiarie s-Nationalised
Commercial banks-Lead bank scheme-National credit counci I
Constitution and function.
7.
Indian money market and its peculiarities_Comparison
with London and Iricw York Money Market-Indian Capital
Market.
8. Reserve Bank of India-History-Traditional functions
with special reference to control of credit-Reserve Bank,s policies
-Objectives and scope of monetary management in India.
-2t The twin role of
Economic development and the R' B' of India'
non-bankin!
I'
and
B'
R'
the R. B. Slab rate systom of lending
Credit
LExport
R'
B'
of
financial interroediaries Bill market scheme
and the R. B. L Bankers clearing houses'
g.GreatercontrolofstateoverbankingSystem-Commer.
cial banking legislation of India Social control of Banksthe
Nationalisation of major commercial banks and its impact on
economy.
10. Deposit Insurance Corporation-Banker's Clearing
Houses in
India-Methods ensuring security to depositcrs funds
Deposit Insurance CorPoration.
B. PRACTICE
11. Nature and Development of Banking in India-Social
of
Control and commercial banking-History of the development
banking Legislatiorr in India.
12.
Banking Companies Act as amended up to date'
13.
Banker and Customer.
. 14. Bankers as borrowers-Accounts
15. Banking oparations-Payment
and other instruments-Mandatory
of Customers'
and collection
of
cheques
functions of the banker-
Endorsements,-crossing, marketing and meterial alterations
cheques-Rights and duties of the banker-statutory protection
in
-
Advance to customers-Basic principles governing commercial bank lending practices-secured and unsecured advances-
I6.
objectiveu,,",,-"otofprospectiveborrowers_Securitiesfor
Advances-Rating of securities for investment purposes-Guarantees-Advantages, defects, precaution to be taken-Rights and
obligations of guarentees. Rights and obligations of bankerTermination of guarantee.
Colleteral securities - Valuation - Margin - Liquidity Method of creating charge, realisation on default and release on
discharge-Precauiions-Stock exchange securities' goods and
./
-22documents of title of goods, Land and Building,
Book debts, debentures etc. as banker's security,
18.
Life
policies,
Subsidiary and misceleneous services to customers-bank
_
guaranteeletters of opinions etc,
19.. Internal organisation
^accounts
or banks.
of
Banks_Balance sheets and
Books Recommended.
l.
S.
K.
Basu
A. survey of Contemporary
Banking Trends
Central Banking in India
Central Banking in emerging
2. A. Raman
3. S. K. Basu
4.
5.
S.
6.
S.
K. Muranjan
R. B.
K.
I.
Publications
Basu
7. L. V' Chandier
8. C. D. Deshmukh
9. H. V. R. Iyengar
10. S. N.
Sen
ll. A. B. White
12. B. K. Dutt
13. G. P. Gupta
14.
countries
Modern Banking in India
Reserve Bank of India-functions
and workings.
Theory and Practice of
Development Banking
Central Banking and Economic
Growtb
Central Banking of India
Monetary Policy and Economic
Growth
Central Banking and underdeveloped Money markets
The Nationalisation of Banking
Monetary Discipline and Indian
Banking
Reserve Bank and Monetarv
Management.
Om Prakash Gupta
Central Banking in India.
-23
in
15. V. Krishnan
Indigenous Banking
16.
S. G. Panandikar
Banking in India
t7.
K. N. Raj
Monetary PolieY and Reserve
Bank of India.
18. B. Rama
South
India.
Central Banking
Rao
in India
since
Independence.
Organisation of Indian Banking
Law and Practice of Banking
Practice and Law of Bankiog.
Pagelt's Law of Banking.
Banking Law and Practice in
19. B. T. Thakur
20. S. R, Davar
21. H. P. Shelden
22. M. Megrah
23. M. L. Thannan
India
24. H. E. Evitt
25. L. R. Sivayya
Practical Banking
Banker's Securities Against
advances.
26.
Legal decisions affecting
P. S. Sitaram
Bankers.
27. R.B.I. Publications
28.
29.
30.
{o-
31.
P. Tovey and
P. C. Depanla
History of the R. B. of India.
1935-1970
of India Act.
State Bank of India Act.
Banking Companies Act with
Reserve Bank
-do-do-
Amendments.
Iialance sheets-How
to
read
and understand them.
Plnr II
MARKETING
Paper
I
INDUSTRIAL AND AGRICULTURAL MARKETING
l. Definition of Marketing-Marketiog functions-Functions of exchange'-Functions of Physical supply and facilitating
functions. Approacbes to marketing-Institutional, functional
and Commodity.
-1
-!
-24 -
2.
Importance of Marketing in the Economy
Marketing of Agricultural products
Marketing of manufactured consumer goods
Marketiug of industrial goods.
3.
Organised markets: Stock exchange
-Exchange.
Functions of stock exchange and
regulation of stock exchange in India.
and
produce
forward trading
and
Produce exchange-functions-spot and future and regula-
tions of produce exchange in India.
4.
Selling: Product planning and development.
Variety of products-quality of products-Diversification of
products-Branding and Packaging and advertising - sales
promotion.
5.
Market risks.-Standardization-Adveritising- eualiry
control- Market information-Transportation-WarehousingFinancing of Marketing.
6.
Channels of distribution
:
Retailing - retail shops-Departmental store-Chain stores multiple s'hops-super markets and discount houses-Mail order.
Whole saling-Importance of the wholesale - middleman whole salers - different types.
7. Marketing costs
products middlemen.
-
factors affecting cost-Cost
of
farm
8,
Price policy : How are prices determined?
Retail price determination. Prices in the wholesale market.
9. Salesmanship-Duties and types of salesman-Management of sales forces-Success of salesman.
Marketing
10. Marketing research-Market analysis-product
rese-
arch-Research on sales methods and policies-Consumer research-Consumer behaviour and motivation.
-25 ll. Agricultural marketing in India-Regulated
ntarkets
in India-Co-operative marketing in India
State and marketing in India-Directorateof marketing
and inspection-Appointment of committees. Marketing under
the plans.
12.
13. Marketing of food crops-Marketing of rice-Marketing of wheat.
14. Marketing of cotton-Marketing of Jute-Marketing
of milk-Marketing of groundnuts-Marketing of [email protected] of tobacco-Marketing of coffee-Marketing of teaMarketing of Rubber.
15. State trading in India-State tradiog
corporation of
India
Books Recommended
l.
2.
3.
C. B. Mamoria and
R. L. Joshi
Clark and Clark
Dr. Ruston S.
Principles and practice of Marke-
ting in India
Principles of Marketing,
Modern Marketing Management
Davar
4.
5.
H. W. Heapner
Converse, HueseY
Modern Marketing
The Elements of Marketing
and Mitchell
6.
7.
8.
9.
10.
Govil, K. L.
B. B. Mukerji,
George
K. L.
Duvar R.
Baker
S.
M. J.
Marketing in India
Agricultural Marketing in India.
Stock Exchanges in India
Modern Marketing Management
in the Indian Context.
Marketing-An introductorY
Text.
ll.
12.
Martin J. Bell
Marketing-Concepts and
Smith
Readings
in
Strategy
Marketing information Systems
-1
_26
Panr II
MARKETING
II
Paper
_
TRADE
1.
Basis of international
2,
3.
Trade policies under mercantilism.
Trade. Distinctive characteristics
of International trade. Importance of international trade.
The theory ofinternational trade.
(a) The classical theory of comparative
(b) The Opportunity cost.
(c) The General equilibrium theory.
(d) Terms of Trade.
4.
5.
Economic development and
cost.
the theory of International
trade.
The balance of international payment.
The internat'onal payments equilibrium.
6. Commercial policy of siates:
(a) Tariff-Import duty, Export duty, Transit duty
(b) Multiple exchange rates
(c) Quotas: Import quota and export quota
(d) Exchange control
(e)
Bounties
A Dumping
7. Free trade and protection.
8. Indirect control of international trade.
(a) Opperssive customs formalities
(b) Sanitary regulations.
(c) Control of imports of animals and animal products.
9.
Commercial treaties: Most favoured nation treatment.
_27
I
0.
_
Bilateral clearing arrangements-Commodity
agreemen
ts'
11.
Custom unions, free trade areas and Common Markets'
12.
Effects
of liquidity on world trade and income'
13. The freeing of world trade:
Multilateral trade.-IMF-G att-Ou nctad'
14. Capital export-International investment'
World Bank-IFC and IDA
Trade and aid
15.
The Commercial policy of India'
Tariff
Import PolicY
State trading
Scheme for exPort Promotion.
Commercial policy
of
States-Trade Mission and
Commissions.
16.
Foreign caPital in India
Books recommended:
"
l. Elloworth P' T.
2. Haberler
International Economics
The theory of International
3. Ohlin
Inter regional and International
4. Tanssing
5. Vincer Jacob
lnternational Trade
Studies in the Theory of International Trade.
6. Towle
International Trade and
7. K. R. Gupta
A
Trade.
Trade.
Commercial Policy.
survey of General Agree-
ment on
Tariffs and Trade
-1
-28 -
8.
Ferkios J. O.
N.
International policy for the
World Economy
A course in the Theory of International Trade.
9. Parcef
Paper
III
P,cnr II
MARKETING
TRANSPORT
l.
fmportance of transportation.
Transport and Agriculture.
Transport and location ol industries.
Transport and price level.
Transport and production and marketing.
The eifects of transport on sociar rife and
2,
political life.
Different modes of transport_Railway, road, air, water
and pipe line.
3.
Railwey Transport
:
characteristic features of Railway
Transport
Railway rates and fares
Railway classification
:
Theory of railway rates
Discrimination: place, person, commodity and time.
Regulation of rail.
Railway finance and financial regulation.
History of the Indian railway.
Administration of Indian railway.
Finance of the Indian railway.
Road-rail co-ordination.
Progress of Indian railway under the five year plans.
4. Air Trensport.
Importance of air transport.
_
History
of Indian air transport. Organisation of Indian air
service-fnternal and external.
Development of air transport under the five year plans.
\
r
1
-29 -
5.
Road Transport.
Kinds of road transport-Motor transport-importance of
motor transport-Characteristic features of motor transport,
Principle of rate making in motor transport. Problems of motor
transport in India. Development of motor t-ransport under the
five year plans.
6.
Water Transport.
Seat traosport-shipping-Characteristic fea tures of shipping
service. Classification of ships-tramps and liners. Shipping
Conference- Modern trends in shipping-Containerization-lash
ships-dry ports.
Indian shipping. Need for a naiional mercantile marine
Development of Indian shipping after the independence of India.
D velopment of Indian shipping under the five year plans. Inland
transport- Canals and Rivers.
Books Recommcnded.
l.
2.
of
TransPortation
Philip Locklier
Economics
Dudley Pegreem
Transportation Economics and
3.
Srivastava
Public PolicY
Transport Development in
India.
4.
5.
M. O. Mathew
Rail-road co-ordination.
Bhatnagar and pthers
Modern transport Deve loPment
6.
?.
8.
9.
Economics of TransPort
Bonavia
Haji
Indian shipping.
10.
in India.
Five year plans
Sannyal
Indian Railways.
Johnson J.
The Economics of Rail
Transport.
-a
-30Paper
I
Penr I I
tr'INANCIAL MANAGEMENT
ADVANCED FINANCIAL ACCOUNIING
Accounting systems adopted by different Industrial and
Commercial enterprises and non-trading institutions _Amalgamation-Absorption. preparation of accounts from incomplete
records-Preparation of financial statements from legar poinis
of
view and also for meaningful disclosure of informatiin-Anarysis
use of graphs, charts, etc. interprepation and criticism
ofpublisled
aecounts-valuation of shares-Detailed methods of accounting
with reference to the following:
Holding companies, subsidiary companies, General Insurance
companies Bankruptcy, Liquidator,s Accounts, Solicitors [email protected],
Investment accounts, Fire claim accounls, Ioose leaf teOgen,
packages and enrpties.
Mechanised Accounting.
Paper
II
penr I I
FINANCIAL MANAGEMENT
ADVANCED COST ACCOUNTING
Costing:
Nature and scop of Cost Accountiag_Cost_Cost centres
unit-Prime cost-Mater iar wages and expenses. crassification and characteristics-Historical and staniard costingBudgetory control and cost control-Marginal, Multiple i'nd
Uniform costing.
and cost
Cost Accounting:
Methods of cost Accounting-cost information-cost bookkeeping Reconciliation of cost accounting and financiar Account-
ing-Application and designing of forms_procedures and
methods-Manual of instruction-Cost Accounting organisation
Accounting-Cost Audit.
-Integrated
\
_3t_
Cost recording and presentatign:
Accounting for sales, Materials, wages, expensesAccounting for cost centres, cost units, standard costsMarginal costs and uniform costingCosting and factory organisation.
Standard costing on various analysis.
Marginal costing-Differential costingosting in relation to individual industries.
,
Paper
P.rnr I I
F'INANCIAL MANAGEMENT
III
TAXATION LAW AND ACCOUNTS
Heads of Income Chargeable to incorne Tax-Methods of
Accounting Exemptions of a General Nature-Return of income
and Assessment-Penalty for concealrnent of income-Appeals
Revision and references-Income escaping assessment-Rectification of mistakes-Recovery of Tax and Penalties-RefundsPractical Problems-
.t
"Charging" sections under Estate Duty, Wealth Taxt, Gift
Tax and Expenditure Tax Acts, and Exemptions under the said
Acts.
Books Recommended
r
Rupram
Gupta
Doodhmal
Income Tax Act 196l and
Estate Duty Act.
Act.
Act.
' Gift Tax Act.
Wealth Tax
Expenditure Tax
Latest
Income Tax Law and
Accounts.
Treatise on Indian lncom
Tax
Finance Act.
1953
1957
1957
1958
N. Kalder Report on Tax Reform in India
Report of the Ineome Tax Investigation Commission.
,/
-
:-32R.
Bhargava
Income Tax Assessment
Manual.
Kangal and Palkhivala
Law & Practice of Income
Tax.
Madan Gopal Jain
New Pattern of Taxes in
India.
Plnr II
Poper
I
INDUSTRIAL RELATIONS
LABOUR ECONOMICS:
Definition and Scope-Industrial Planning-Five year plans
and industrialisation-Location of industries-productivity
National productivity Council-Labour efficiency-Theories of
Wages (including Keynesian Philosophy of Labour)-Wage
policy (a) Wage fixing (b) Methcds of wage payment
(c) Concept of minrmum wage (d) Need based minimum wage
(e) Fair \ilage, (f) Living wage (C) Wage differentials
(h) Minimum wage fixing--Machinery in India. Economics of
collective bargaining
Problems
of unemployment-Its many facets in India-
Concept of full employment and under-employment--Theory of
Employment (Keynesian) Working conditions-social Security,
l. L. O.-Man power planning-Consumer Price Index and wage
statistics-(Ref. Report
(Gadkar.)
of National
P.qnr
Paper
II
Commission
on
Labour
II
INDUSTRIAL RELATIONS
LABOUR LAWS
History of labour legislation in India-Labour and the
Constitution of India-Specific Labour Enactments-(a) Factor_
ies Act, (6) Shops and Establishmeot Act, (c) Trade Union
Act, (d) Industrial Disputes Act, (e) Employment (Standing
Order) Act, (l) Payment of Wages Act, (g) Minimum Wages
Act, (i) Employees State Insurance Act, (r) provident Funds
Act and (J) Bonus Act.
,.
l
-33PaPer
III
Penr II
INDUSTRIAL RELATIONS
PERSONNEL MANAGEMENT
Section A.
Perspectives
.'
' in Personnel Management-History of
Personnel Management-Place of personnel Management in the
Organisation-Line-Staff relations-Organisation of the Person nel Division-Major functions-Personnel Policies.
Section B
r
Personnel Administration :
Personnel planning (Personnel Inventory : personnel Audit)
Job analysis, Job description and Job specification for menspecification for a particular job. Recruitment-policies and
methods-Selection-Policies, Tests' Techniques and the other
Blank; written tests; interview; Psycholo-
methods (Application
gical tests, Medical examination; Personnel references)
Training and Placement
Personnel Appraisal
(Merit Pating)-Transfer Promotion,
demotion etc.
I
4
Motivating the worker
A. Motivation, Attitude, Job-satisfaction, morale etc.
B. Incentive schemes
(a) Individual, group, plant-wise etc.
(b) Profit sharing
(c) Suggestion scheme
(d) Participation in management.'
(") Scanlon Plan etc.
Evaluation of Incentive schemes in the light of Psychological
principles-value of money-Incentives.
C. Worker-Supervisor Relations-Human Relations in
lndustry-Training in Human Relations-Grievance procedure
and machinery, industrial discipline.
^a
-34 Employees Benefit Services-Wage and Salary adminislration Job Evaluation.
Section C:
Trade Unions and Iirdustrial Relations
International Trade Union Movement-Internation Labour
Organisation-Trade Union Movement in India, Trade Unions
and Political Parties-Aims, Objectives and Structure of
I.l,{.T.U. C., H. M. S and U. T. U. C. Labour Policy and
programmes of Government of India after Independence Five
Year Plans-Industrial Relations in India-Collective Bargaining and Industrial Relations.
Poper
I
LABOUR ECONOMICS
Books Recommended
l.
2.
3.
4.
Paul Sultan, Labour Economics.
J. R. Hicks, The Theory of Wages.
Richard A. Lester. Economics of Wages.
Tleyd
G. Reynolds, Labour Economics and Labour
Relations.
5.
J.
M.
Keyns, The General Theory
of
Employment,
fnterest and Money.
6. B. N. Datar Labour Economics.
7. V. K.R. V. Rao (ed), Employment and Unemployment.
8. D. J. Robertson, Tbe Economics of Wages and the
9.
10.
11.
12.
13.
14.
Distribution of Income,
V. R. Pillai, Minimum Wages in India.
Sreekant A. Palekar, Problem of Wage Policy for
Economic Development.
T. S. Papcla, Principles of )Vage Detertnination.
P. .B. Gajendragadar (Chairman), Report of the
Commission in Labour.
Government of India, Five Y€ar PIan Reports.
Labour Bureau, Indian Labour Statistics (Annual
Publication)
\-
-35Paper
II
LABOUR LAWS
Bare Acts as issued officially with amendments-Fact.Jries
Act, Shops and Establishment Act, Trade Union Act, Industrial
Disputes Act, Employment (Standing Order) Act, Payment of
Wages Act, Minimum Wages Act, Employees State Insurance
Act, Provident Funds Act and Bonus Act.
Paper
III
PERSONNEL MANAGEMENT
l.
Scott, W.
2.
3.
4.
Tlipho E. B.-Prineiples of Personel Management.
Pigors & Myers-Personal Administration.
Strauss Gand Sayles L. R-Personnel-The Human
Problems of Management.
India Institute of Personnel Management-Personnel
Management in India The Practical Approach-Human
Relations in Industry.
Knowles W. H.
Management-A Human
5.
6.
D. Clothiner & Spriegler W. R.-Personnel
Management-Principles practice and point of view.
?.
-Personnel
Relations Approach.
Heckmann I. L. and Huneryager-Management
sonnel function.
8.
Richard and Nielander-Readings in Personnel Manage-
of
Per-
ment.
9.
Mehrotra S. N.-Labour Problems in India.
Problems in Indian Industry
10. Giri V. V.-Labour
& Enlarged)
Mathur A. S. & Mathur J. S.-Trade Union Movement
in India.
12, Karnik V. B
Trade Unions.
-Indian
13. Myers, Charles-Industrial
Relations in India.
14. Richard P. Calhoon-Managing personnel.
15. Milton M. Mandell-The Selection process.
16. Tewler(Indian Books House)Labour Movement in India
(Revised
ll.
-Its Past and Present.
-a
-36 P,c'nr I
I
FINANCIAL MANAGEMENT.
Paper
I
l.
2.
3.
4.
5.
6.
ADVANCED FINANCIAL ACCOUNTING.
Agarwala A. N.-Tbe Higher Science of Accoountancy.
Gupta and Gupta-Advanced Accountancy.
Sukhla & Grewl-Advanced Accountancy.
Pickles-Accountancy.
Anthony-Management Accounting.
Shool of Accountancy, Bangalore-Management
Accounting.
'l .
8.
9.
Gupta-Advanced Accountancy.
Guthruan-Analysis of Financial Statements.
Fitzgeraldd-Analysis and Interpretation of financial
iO.
E. F. Castle Practical Book-keeping and Accounts-
Sen
Statement.
Advanced stage.
Paper
.
II
l.
2.
3.
4.
5.
6.
.
8.
'1
9.
10.
ll.
ADYANCED COST ACCOUNTANCY.
Scott-Cost Accounting.
Bigg-Cost Accounting.
Davidson-Practical Cost Accounting.
Wheldon-Cost Accounting and Cost Methods'
Saroar N.-Principles and Practice of Cost Accounting.
Wright-Direct Standard cost for Decision making.
Foulke-Practical financial statement Analysis'
Anbrey & Ashlourne-Financial and Administration
Accounting.
Thomas W. E.-Reading in Cost AccountingBudgeting & Control.
Accounting.
Frank-Cost
&
Matz, Catty
Batliboi J. R. Works, Organisation, Management and
Cost Control.
]
Fly UP