Syllabus for RET Examination-2009
 

Sub : Commerce

Note : There will be written Examination carrying 60 marks. The paper will have two parts – A and B. In Part-A, there will be one question with internal choice from each unit (i.e. 10 questions from 10 units; Total marks will be 10 X 5 =50). Part-B will be compulsory and there will be two questions and candidate will attempt only one question carrying 10 marks. 20 marks allotted for oral and interview and 20 marks for past academic records from Madhyamik onwards.

PART – A
Unit – I
Business Environment

Meaning and Elements of Business Environment.
Economic Environment, Economic policies, Economic planning.
Legal Environment of Business in India, Competition policy,
Consumer protection, Environment protection
Policy Environment:
Liberalization, privatization and globalization,
Second generation reforms,
Industrial policy and implementation.
Industrial growth and structural changes.

Unit – II
Financial and Management Accounting

Basic Accounting concepts,
Capital and Revenue, Financial statements
Partnership Accounts : Admission, Retirement, Death,
Dissolution and Cash Distribution
Advanced Company Accounts : Issue, forfeiture, Purchase of Business, Liquidation, Valuation of shares, Amalgamation, Absorption and Reconstruction, Holding Company Accounts.
Cost and Management Accounting : Ratio Analysis, Funds Flow Analysis, Cash Flow Analysis, Marginal costing and Break-even analysis, Standard costing, Budgetary control, Costing for decision-making
Responsibility accounting

Unit – III
Business Economics

Nature and uses of Business Economics, Concept of Profit and Wealth maximization. Demand Analysis and Elasticity of Demand, Indifference Curve Analysis, Law.
Utility Analysis and Laws of Returns and Law of variable proportions
Cost, Revenue, Price determination in different market situations : Perfect competition, Monopolistic competition, Monopoly, Price discrimination and Oligopoly, Pricing strategies.

Unit – IV
Business Statistics & Data Processing

Data types, Data collection and analysis, Sampling, need, errors and methods of sampling, Normal distribution, Hypothesis testing, Analysis and Interpretation of Data.
Correlation and Regression, small sample tests – t-test, F-test and chi-square test.
Data Processing – Elements, Data entry, Data Processing and Computer applications.
Computer Applications to Functional Areas – Accounting, Inventory control, Marketing.

Unit – V
Business Management

Principles of Management
Planning – Objectives, Strategies, Planning process, Decision-making
Organising, Organisational structure, Formal and Informal Organisations,
Organisational Culture
Staffing
Leading : Motivation, Leadership, Committees, Communication
Controlling
Corporate Governance and Business Ethics.

Unit –VI
Marketing Management

The evolution of marketing, Concepts of marketing, Marketing mix, Marketing environment
Consumer behaviour, Market segmentation
Product decisions
Pricing decisions
Distribution decisions
Promotion decisions
Marketing planning, Organising and control

Unit –VII
Financial Management

Capital structure, Financial and Operating leverage
Cost of capital, Capital budgeting
Working capital management
Dividend Policy

Unit –VIII
Human Resources Management

Concepts, Role and Functions of Human Resource management
Human Resource Planning, Recruitment and Selection
Training and Development, Succession planning
Compensation : Wage and salary Administration, Incentive and Fringe benefits, Morale and Productivity
Performance Appraisal
Industrial Relations in India, Health, Safety, Welfare and Social security, Workers’ participation in Management


Unit – IX
Banking and Financial Institution

Importance of Banking to Business, Types of Banks and their Functions, Reserve Bank of India, NABARD and Rural Banking
Banking Sector Reforms in India, NPA, Capital adequacy norms
E-banking
Development Banking : IDBI, IFCI, SFCs, UTI, SIDBI

Unit – X
International Business

Theoretical foundations of international business, Balance of Payments
International liquidity, International Economic Institutions – IMF, World Bank IFC, IDA, ADB
World Trade Organization – its functions and policies
Structure of India’s foreign trade : Composition and direction, EXIM Bank, EXIM policy of India, Regulation and promotion of Foreign Trade.

PART – B
Research methodology in social science / business