Detailed Course Outline

M.Com. (Final)
Examination 2016-17
Paper I- International Economics
Unit- I
International Trade: - Meaning, need, Importance and Problems of International Trade.
International and Inter-regional trade. International Business Environment: Meaning and factors
affecting the environment.
International Trade Theories: Absolute and comparative advantages theories; Hecksher –Ohlin
theory
Unit- II
Balance of Payment: Concept of Balance of Trade and Balance of Payment; causes of
Disequilibrium and adjustment mechanism. India’s Balance of Payment.
Foreign Exchange: Meaning, types and Determination of exchange rate; Theories of Foreign
Exchange; Exchange control- objectives and methods.
Unit- III
India’s Foreign Trade: Volume, composition and Direction; EXIM Policy of India; ECGC and
EXIM bank.
Foreign Aid: Problems and Prospects in India; Foreign Direct Investment; Govt. policy towards
foreign capital.
Unit- IV
State Trading: Definition, objectives, merits and limitations’ State Trading Houses; Export
promotion councils ; Commodity Boards ; Special Economic Zones (SEZs); Export oriented
Units (EOUs); Export processing Zones (EPZs).
FEMA: Main provisions; TRIPS & TRIMS: Brief Introduction.
Unit- V
International Institutions : IMF, World Bank and its affiliates ; European Union ; SAARC ;
ASEAN; NAFTA; OPEC & OECD ; G-8, G-20 & BRICS- Objectives, functions, organization
and achievements
World Trade Organisation:- Organisation, structure and working.
Books Recommended:-
1. Trivedi, Jatana and Bajaj : International Trade and Finance, RBSA Publisher,
Jaipur
2. Trivedi, Nagar, Soral and Bhatt : International Trade and Finance, Ramesh Book
Depot, Jaipur.
3. Agarwal, Singh & Gupta : International Trade and Finance, Ajmera Book
Company, Jaipur
4. D.M.Mithani : International Economics:, Himalaya Publishing
House, Mumbai
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 Paper II-Financial Management
Unit-I
Financial Management: Meaning and concept of financial management, financial goals;
profit/wealth maximization limitation of financial management. Financial function, organization
finance function; financial planning.
Time value of money, meaning and principle of time value of money, derivative market;
participants and types of derivative market.
Unit-II
Capital Structure: Meaning and determinants, theories of capital structure, Leverage; Operating
and financial leverage and their measures;effects on profits, analyzing alternate financial plan.
Capital and Capitalization: Concept, classification and theories of capitalization, over v/s
under capitalization, calculation of cost of capital.
Unit III
Ratio Analysis: Meaning and definition, forms, importance, objectives and precautions,
limitation, classification, calculation and interpretations of financial ratio.
Fund Flow Analysis : Concept, flows and funds, sources and uses of funds, preparation and
interpretation of changes in working capital statement and statement of sources and uses of
funds. Preparation of cash flow statement as per AS-3 (revised)
Unit IV
Capital Budgeting: Meaning, needs and objectives of capital budgeting, techniques of capital
budgeting time and non time adjusted method
Dividend Policies : Meaning , factors determinants and type of Dividend Policies., relevance
and irrelevance theory of Dividend Policies Stock Exchange- Meaning, importance and working
procedure merger and acquisitions
Unit V
Management of Working Capital: nature of Working Capital, significance of Working Capital
Operating cycle and factors determining working capital requirements; management of Working
Capital, cash receivables and inventories.
Books Recommended:
1. M.G.Agarwal, N.P.Agarwal : Financial Management, Ajmera Publications, Jaipur
and Milind Kothari
2. Prasanna Chandra : Theory and Practice, S.Chand Publications
3. M.R.Agrawal : Financial Management
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 Paper III-Research Methodology
Unit-I
Research Methodology- Objectives and types of Research methodology and Objectives of
Research, Types of Research – descriptive and analytical, applied and Fundamental, Quantitative
and qualitative, conceptual and empirical, Research methods vs. Methodology, research process
and criteria of good research.
Unit- II
Research problem Formulation – defining and formulating research Problem, Selecting the
Research Problem, necessity of Defining problem, Sources of research Problem, Literature
Review , Features of good Literature review, Identification of Research gap.
Unit- III
Construction of Schedules and Questionnaire: Their uses- practical considerations,
measurement of scales and indices, plot studies, field work case study methods, essentials of
good questionnaires and schedule.
Hypothesis: Meaning and importance, Characteristics of usable Hypothesis, Different forms of
Hypothesis, Difficulties in formation of Hypothesis, Testing of Hypothesis, Errors in Hypothesis
Testing.
Unit –IV
Research design- meaning, need of research design, basic principles of research design,
Features of good research design, Types of Research Design– exploration, decryption, diagnosis,
experimentation. Parametric inference, ANOVA, X2 on goodness of fit, non-parametric
inferences
Unit-V
Data collection and analysis – Importance of data , Primary and Secondary data , Their Merits
and demerits , Uses, Methods of collecting of Primary Data .
Sampling- Concept of Statistical population, Sampling , sampling frame , sample size ,
characteristics of a good sample, types – Probability sample, random sample, Systematic
sample, stratified random sample, multi stage sampling , Determinants of sample size , Sampling
Errors. Regression and correlation- multiple and non multiple statistical distribution
Books Recommended

1. Pankaj Madan, Vageesh Paliwal, Rahul Bhardwaj : Research Methodology- -Global

Vision Publishing House, New-Delhi
2. B.L.Kothari : Research Methodology-Tools and Techniques,
ABD Publishers,Jaipur, India
3. C.R. Kothari : Research Methodology and Quantitative techniques
4. K.R.Sharma : Research Methodology, National Publishing House
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 Paper IV–Insurance Theory and Practices
UNIT I
Insurance :- An Introduction Concept, Features, Functions, prerequisites for the success of
Insurance, Importance and limitations of Insurance, Importance and Limitations of Insurance,
Distinguish between Insurance and Assurance, Classification of Insurance. Insurance and Banks
UNIT II
Life Insurance and Process: Concept of Life Insurance contract, Essential Features, Procedure
of effecting life insurance. Kinds of Basic Life Policies, Conditions of Life Insurance Policies,
Mixed Policies, Insurance of Women Lives.
UNIT III
Insurance Premium: Concept, Features, Calculation of Life Insurance Premium, Classification
of premium, Settlement of life Insurance claims- Concept, Conditions, procedure and types of
claims.
UNIT IV
Life Insurance Corporation of India: Introduction, Objectives, Functions, organization- The
Central Offices, Zonal Offices an d Departments, Divisional Offices, Branch Offices, Progress of
Life Insurance Corporation, Insurance Agent- Elementary Knowledge.
UNIT V
General Insurance- Introduction, Objectives and Functions of General Insurance Corporation,
Role and activities of GIC in India.
Fire Insurance- Introduction, Concept Features, Fire Policies- Types, Conditions, Premiums and
Claims.
Marine Insurance- Introduction, Concept, Essential elements, Types and Conditions as
Procedure for Issuing Marine Policy. Distinguish between Marine and Fire Insurance.
Recommended Books:
1. I By B.S. Bodla, M.C. Garg, K.P. Singh : Insurance Practices: Insurance
Fundamentals, Environment &
Procedures.
2. By K.C. Mishra, MangalaBakshi. : Legal & Regulatory aspects of
Insurances, Life Insurance: By K.C.
Mishra & C.S. Kumar : Principles & Practice.
3. Max Newyork Life Insurance Co. Ltd. 2003 : The Laymans Guide to Insurance By
4. Dobby John. F. : “Insurance Law in a Nutshell”
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 Paper V–Dissertation
GUIDELINES FOR DISSERTATION
1. Candidates are not supposed to copy and paste materials from other sources. They
must avoid plagiarism.
2. In case some content from other sources is used in Dissertation proper reference
should be given.
3. Methodology including objectives, hypothesis (if any), data sources, methods of data
collection, tools of analysis, limitations etc. should be clearly described.
4. In case some survey tools such as questionnaire or schedule used that should be
appended with the report.
5. Printing should be done on both the sides of the pages.
Note:- Evaluation shall be made on the basis of Dissertation (50 marks) and
Presentation & Viva-voce (50 marks)

OR
Paper V- Economic Administration
UNIT I
Economic Administration: Nature, Scope, Objectives, Limitations and Techniques of
Economic Administration in India. Essential elements of good economic administration.
Economic Policies: Fiscal Policy, Monetary Policy, Industrial Policy, Industrial licensing,
Import-export Policy.
UNIT II
Economic Planning: Pre-requisites of economic planning, Planning Organisation and
Administration: Machinery for the Formulation, Implementation, Supervision, Co-ordination and
Evaluation of five year plans in India (a detailed study of planning machinery in India)
UNIT III
Financial Administration in India: Scope and significance, Components of financial
administration, Cannons of Financial Administration
Parliamentary control on finance: Constitutional provisions and methods of parliamentary
control, Comptroller and auditor General of India.
UNIT IV
Administration of Finance: Centre, State and local Finances, Administration of Financial
Resources: Central and State Financial relations, The Constitutional provisions of Finance,
Finance commissions and their recommendations.
UNIT V
Administration of tax revenue in India: Features and problems of good tax administration, tax
evasion.
Administration of public debt: The Exteranal resources and problem
Administration of public sector: Accountability and managerial problems of public enterprise,
Financial control of public sector enterprise.
Recommended Books:
1. Prem Chand A : Contrll of Public Expenditure in India.
2. Mishra & Puri : Indian Economy
3. B.L. Mathur : Economic Policy and Administration
4. B.L. Fadia : Lok Prashashan (in Hindi)
5. P.N. Gautam : Vitta Prashasan (In Hindi)