Syllabus and Course Scheme

Academic year 2020-21

B.Com. – E.A.F.M.
Exam. – 2021

UNIVERSITY OF KOTA
MBS Marg, Swami Vivekanand Nagar,
Kota - 324 005, Rajasthan, India
Website: uok.ac.in
B.Com. (Pt-I) -2021
1
 Economic Administration and Financial Management
Scheme
Two Papers Min. Pass marks 72 Max. Marks 200
Paper - I - Economic Environment in India 3 hrs 100
Paper -II - Business Economics 3 hrs 100
Paper - I : Economic Environment in India
Duration 3 hrs Max.Marks 100
Note : The question paper will contain three sections as follows
Section-A : One compulsory question with ten sub-questions, having two sub- questions from
each unit, answer in about twenty words for each sub-question.
Total mark:10
Section-B : Ten questions, two questions from each unit, five questions to be attempted,
taking one from each unit, answer in about two hundred fifty words.

Total marks : 50
Section-C : Four questions, descriptive type, (question may have sub- division) covering all
units but not more than one question from each unit, two questions to be
attempted, answer in about five hundred words.
Total marks : 40
Unit -I
Economic Environment: Meaning, Factors Affecting Economic Environment. Economic
Planning in India: Objectives, Strategies, Achievements and Failures. New Economic Policy.
National Institution for Transforming India (NITI Aayog): Organization and Functions.
Unit - II
Population: Characteristics, Causes of Growth, Problems. New Population Policy and its
Evaluation. Problems of Unemployment, Poverty and Regional Imbalances.
Unit - III
Industries: Problems of Industrial Development in India. Industrial Sickness. New Industrial
Policy and Recent Changes. Small Scale Industries: Importance and Problems. Privatization
and Disinvestment. Role of Agriculture in Indian Economy. New Agriculture Strategy and
its Impact. Land Reforms and Agriculture Credit. Organic Farming.
Unit - IV
Difference between Balance of Trade and Balance of Payments. Foreign Trade: Volume,
Composition and Direction. Export Promotion in India. Present Export - Import (EXIM)
Policy of India. Foreign Investment in India: Foreign Direct Investment (FDIs) and Foreign
Institutional Investment (FIIs)
Unit - V
Economy of Rajasthan: Basic Characteristics and Problems of Economy of Rajasthan.
Characteristics and Problems of Population of Rajasthan. Present Position and Problems of
Agriculture, Industries, Power, Rail and Road Transport. Strategies and Initiative of
Development of the Economy of Rajasthan. Concept of Rural Finance, Importance &
Sources.

2
References :
1. Agarwal A.N. : Indian Economy
2. Misra & Puri : Indian Economy
3. Rudradutta & Sundram : Indian Economy
4. Dewet K.K. : Indian Economy
5. Dhingra, I.C. . Indian Economy
6. Planning Commission : Various Plans & Reports
7. Agarwal, Anupam : Indian Economy.
8. Gupta B.P. & Swami H.R. : Indian Economic Environment
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11- 'kekZ] vks- ih- % Hkkjr esa vkfFkZd i;kZoj.k] vkj-ch-,l-,-] t;iqj

Paper - II : Business Economics

Duration 3 hrs Max.Marks 100

Note : The question paper will contain three sections as follows –

Section-A : One compulsory question with ten sub-questions, having two sub- questions from
each unit, answer in about twenty words for each sub-question.
Total mark:10
Section-B : Ten questions, two questions from each unit, five questions to be attempted,
taking one from each unit, answer in about two hundred fifty words.

Total marks : 50
Section-C : Four questions, descriptive type, (question may have sub- division) covering all
units but not more than one question from each unit, two questions to be
attempted, answer in about five hundred words.
Total marks : 40

Unit - I
Business Economics: Definition and its Role in Business Decisions. Micro and Macro
Economics. Production Possibility Curve. Problems of Economy.
Economic System: Capitalism, Socialishm and Mixed Economy; Characteristics, Advantage
and Disadvantage.
Unit - II
Consumer Behaviour: Utility Analysis, Law of Dimnishing Marginal Utility, Law of
Substitution, Consumer's Surplus. Concept of Demand: Law of Demand and Elasticity of
Demand.
Indifference Curve Analysis : Meaning, Characteristics, and Consumer's Equilibrium, Price
Effect, Income Effect and Substitution Effect.

Unit - III
Production Analysis: Production Function, Laws of Returns, Returns to Scale, ISO - Product
Curve, Least Cost Combination of Factors.
CostAnalysis: Cost Concepts and Classification, Cost Function and Determinants of Cost,
Short-Term and Long -Term Cost Analysis.
Theories of Population. Law of Supply and Elasticity of Supply.
3
 Unit - IV
Commodity Pricing: General Theory of Price Determination. Time Element in Price
Determination.
Price and Output Determination under Perfect and Imperfect Competition, Monopoly and
Discriminating Monopoly.
Oligopoly: Characteristics, Indeterminate Pricing and Output, Price Leadership and Kinked
Demand Curve.

Unit - V
Factor Pricing: Marginal Productivity Theory of Distribution. Theories of Rent, Wages,
Interest and Profit. Concept of National Income.
References :
1. Samuelson : Economics
2. Stonier and Hague : A Text Book of Economic Theory
3. Seth M.L. : Principles of Economics
4. Mithani D.M. : Principles of Economics
5. Agarwal, Anupam : Economic Analysis
6. Agarwal M.D. & Som Deo : Business Economics
7. Mathur N.D. : Business Economics
8. Choudhary C.M. : Business Economics
9- Misra & Puri : Business Economics
10. Varshney & Maheshwari : Managerial Economics
11. Dwivedi D.N. : Managerial Economics
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4
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5
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6
 B.Com. (Pt-II) Exam. -2021
Economic Administration and Financial Management

Paper I- Financial Management 3 Hours 100 Marks

Paper II(a) Money and Financial System 3 Hours 100 Marks
Or
Paper II(b) Project Planning and Control 3 Hours 100 Marks
Or
Paper II(c) Rural Banking & Micro Finance 3 Hours 100 Marks

Paper-I : Financial Management

Time – 3 Hrs. Max. Marks-100

Note : The question paper will contain three sections as follows –

Section-A : One compulsory question with ten sub-questions, having two sub- questions from
each unit, answer in about twenty words for each sub-question.
Total mark:10
Section-B : Ten questions, two questions from each unit, five questions to be attempted,
taking one from each unit, answer in about two hundred fifty words.

Total marks : 50
Section-C : Four questions, descriptive type, (question may have sub- division) covering all
units but not more than one question from each unit, two questions to be
attempted, answer in about five hundred words.
Total marks : 40

Unit-I
Financial Management : Meaning, Financial Goals - Profit v/s Wealth Maximisation.
Importance and Limitations of Financial Management. Tasks and Responsibilities of Modern
Finance Manager.
Finance Function : Investment Decision, Financial Decision and Dividend Decision.
Unit-II
Financial and Profit Planning : Sources of Financial Analysis, Financial Statements-
Income Statements and Balance-Sheet. Techniques of Financial Analysis: Ratio Analysis-
Liquidity, Profitability, Activity and Other Ratios. Financial Planning and Forecasting.

Unit-III
Capitalization and Capital Structure : Meaning and Types of Capitalization- Over
Capitalization and Under Capitalization, Causes, Impact and Remedial Measures. Capital
Structure: Concept & Definition, Factors Determining Capital Structure.Trading on Equity.
Leverage: Operating Leverage, Financial Leverage and Combined Leverage.

7
 Unit-IV
Working Capital Management : Concept, Nature, Significance, Determination and
Estimation of Working Capital. Cost- Profit Volume Analysis. Cash Management, Inventory
Management and Receivables Management.

Cost of Capital : Concept and Significance of Cost of Capital, Calculating Cost of Debt,
Preference Shares capital , Equity shares Capital, Retained Earnings and Combined
(weighted) Cost of Capital.
Unit-V
Capital Budgeting : Investment Evaluation Criteria, Payback Period, Accounting Rate of
Return, Internal Rate of Return, Net Present Value, and Profitability Index.
Management of Income and Dividend Policy: Introduction, Significance and Determinants
of Dividend Policy. Forms of Dividends and Issues in Dividend Policy. Bonus Issue.
References:
1. Sharma, D.C. : Vitiya Prabandh
2. Kulshreshta, R.C. : Nigam-Ka-Vitiya Prabandh
3. Chandra, Prasanna : Financial Management
4. Pandey I.M. : Financial Management
5. Khan & Jain : Financial Management
6. Kucchal S.C. : Corporate Financial Management
7. Hunt : Basic Business Finance
8. Howord & Upton : Introduction to Business Finance
9. Agarwal & Agarwal : Elements of Financial Management
10. vxzoky ,e-Mh- ,oa vxzoky ,u-ih-% foRrh; izcU/k ds rRo] jes'k cqd fMiks] t;iqj
11- vxzoky] ,e-vkj- % foRrh; izcU/k] efyd ,.M dEiuh

8
 Paper-II : (A) Money and Financial System
Time – 3 Hrs. Max. Marks-100
Note : The question paper will contain three sections as follows –
Section-A : One compulsory question with ten sub-questions, having two sub- questions from
each unit, answer in about twenty words for each sub-question.
Total mark:10
Section-B : Ten questions, two questions from each unit, five questions to be attempted,
taking one from each unit, answer in about two hundred fifty words.

Total marks : 50
Section-C : Four questions, descriptive type, (question may have sub- division) covering all
units but not more than one question from each unit, two questions to be
attempted, answer in about five hundred words.
Total marks : 40

Unit-I
Money : Meaning, Characteristics, Functions, Role and Importance of Money in Capitalist
Economy, Type of Money, High Powered Money: Meaning and Uses; Sources of Change in
High Powered Money. Alternative Measures of Money Supply in India- Their Different
Components. Elementary Study of Demand for Money.
Unit-II
Financial System : Meaning, Significance, Components, Financial Intermediaries, Financial
Markets- Money and Capital Market, their Instruments and Functions.
Unit-III
Credit Creation by Banks : Credit Creation Process, Money Supply and Total Bank Credit.
Interest Rates : Various Rates in India (Viz. Bond rate, Bill rate, Deposit rates etc.)
Administered Rates and Market Determined Rates, Sources of Difference in Rates of Interest,
Behaviour of Average Level of Interest Rates.
Unit-IV
Value of Money: Quantity Theory of Money- Fisher, Cambridge and Keynesian Approach.
Inflation, Deflation, Stag-Flation and Devaluation of Money. Demonetization and its Effect.
Digitization of Payments.

Unit-V
Problems and Policies of Allocation of Institutional Credit : Problems between the Govt. and
Commercial Sector, Inter-Sectoral and inter-Regional Problems; Problems between Large
and Small Borrowers. Operation of Conflicting Pressures after Banks’ Nationalization in
1969.

Reserve Bank of India: Functions, Instruments of Credit Control. Monetary Policy:

Objectives, Role and Limitations.

Suggested Readings :
1. Chandler M.V. and Goldfeld S.M.: Economics of Money and Banking; Harper
and Row, New York.
2. Gupta Suraj B: Monetary Economics; S. Chand and Co., New Delhi.
3. Gupta Suraj B: Monetary Planning in India; Oxford, Delhi
4. Bhole L.M.: Financial Markets and Institutions; Tata Mc Graw-Hill, New Delhi
5. Hoods R.P.: Indian Securities Market –investors view point; Excell Books, New
Delhi.
6. R.B.I.: Functions and Working
7. R.B.I.: Report of Currency and Finance
8. R.B.I.: Report of the Committee to Review the Working of the Monetary System:
Chakravarty Committee.
9
 9. R.B.I. : Report of the Committee on the Financial System, Narsimham
Committee.
10. Economic Survey: Government of India, Ministry of Finance, Latest Issues.
11. New York Institute of Finance, How the Bond Market Works, Prentice Hall India.
12. Machiraju H.R.: Indian Financial System; Vikas, Delhi
13. Khan M.Y. : Indian Financial System; Tata Mcgraw Hill, New Delhi
14. Khan M.Y. : Financial Services; Tata Mcgraw Hill, New Delhi
15. Sengupta A.K. and Agarwal M.K: Money Market Operations in India; Skylark
Publication, New Delhi.
16. Khan M.Y. : Indian Financial System; Theory and Practice; Vikas Publishing
House; New Delhi
17. Chandra Prasanna: Financial Management : Theory and Practice; Tata Mcgraw
Hill, New Delhi
18. IDBI Annual Reports.
19. Sharma G.L. and Singh Y.P. (eds.): Contemporary Issues in Finance and
Taxation; Academic Foundation, Delhi
20. Kapila Raj and Kapila Uma: Banking and Financial Sector Reforms in India;
Vol.I, II, III and IV, Academic Foundations, Delhi.
21. Saunders Anthony: Financial Institutions Management a Modem Perspective;
Irwin Publications, Mcgraw Hill Co., New York.
22. Madura Jeff: Financial Markets and Institutions; West Publishing Co., New-York.
23. Srivastava, R.M.: Management of Indian Financial Institutions; Himalaya
Publishing House, Mumbai.
24. Singh, Gupta & Bhandari: Money and Financial System; Ramesh Book Depot,
Jaipur
25- flag xqIrk ,oa Hk.Mkjh % eqnzk ,oa foRrh; O;oLFkk] jes'k cqd fMiks] t;iqj

Or

Paper-II : (B) Project Planning and Control

Time – 3 Hrs. Max. Marks-100

Note : The question paper will contain three sections as follows –

Section-A : One compulsory question with ten sub-questions, having two sub- questions from
each unit, answer in about twenty words for each sub-question.
Total mark:10
Section-B : Ten questions, two questions from each unit, five questions to be attempted,
taking one from each unit, answer in about two hundred fifty words.

Total marks : 50
Section-C : Four questions, descriptive type, (question may have sub- division) covering all
units but not more than one question from each unit, two questions to be
attempted, answer in about five hundred words.
Total marks : 40

Special Instruction : Atleast three numerical questions be given from three

separate units of the syllabus in Section “B” and Section “C”.

Unit-I
Project : Meaning, Definition, Characteristics. Project Identification : Project Ideas,
Screening of Ideas. Environmental Scanning and Opportunity Analysis. Project Life

10
Cycle, Causes of Project Failure. Project Feasibility Analysis : Market,Technical and
Financial Analysis.
Business Forecasting : Meaning, Importance, Limitations, Tools, Techniques and
Essentials of Business Forecasting.
Unit-II
Project Budgeting Methods : Payback, ARR, NPV, IRR, Zero Base Budgeting, Social
Cost- Benefit Analysis and Shadow Pricing.
Unit – III
Project Organization Structure, Setting up of Organization Structure.
Project Manager: Qualifications, Selection and Training, Authority and Responsibility
of a Project Manager. Marginal Costing Technique for Project Decision.
Unit – IV
Project Financing : Meaning, Sources, Merits & Demerits. Role of Development
Financial Institutions in Project Financing. Use of Networking Techniques in Project
Planning. PERT & CPM.
Unit-V
Budgetary Control : Meaning, Characteristics, Objects and Benefits of Budgetary
Control. Type of Budgets, Standard Costing , Simple Variances Analysis, Budgetary
Control and Standard Costing.
Reference:
1. Bryce, M.C.: Industrial Development, Mcgraw Hill (Int.Ed.), New York.
2. Chandra, Prasanna: Project Preparation, Appraisal and Implementation,
Tata Mcgraw Hill, Delhi.
3. I.D.B.I: Manual of Industrial Project Analysis in Developing Countries.
4. O.E.C.D: (i) Manual for Preparation of Industrial Feasibility Studies. (ii)
Guide to Practical Project Appraisal.
5. Pitale, R.L: Project Appraisal Techniques, Oxford and IBH.
6. Planning Commission: Manual for Preparation of Feasibility Report.
7. Timothy, D.R. and W.R. Sewell: Project Appraisal and Review, Macmillan,
India.
8. Chaudhary, S.: Project Management, Tata McGraw Hill, New Delhi
9. Little I.M.D. and Mirrless JA: Project and Planning for Developing
Countries, Heinemann Education Books, London.
10. Agarwal, Singh & Mishra; Project Planning and Control: Ramesh Book
Depot, Jaipur (Hindi Edition)

or

Paper-II : (C) Rural Banking & Micro Finance

Time – 3 Hrs. Max. Marks-100

Note : The question paper will contain three sections as follows –

11
Section-A : One compulsory question with ten sub-questions, having two sub- questions from
each unit, answer in about twenty words for each sub-question.
Total mark:10
Section-B : Ten questions, two questions from each unit, five questions to be attempted,
taking one from each unit, answer in about two hundred fifty words.

Total marks : 50
Section-C : Four questions, descriptive type, (question may have sub- division) covering all
units but not more than one question from each unit, two questions to be
attempted, answer in about five hundred words.
Total marks : 40

Unit-I
Rural India : Definitions of Rural Areas. Main Characteristics of Rural Economy
of India. The Problem of Rural Poverty and Rural Unemployment. Role of
Panchayati Raj System in Rural Development Programmes.
Importance of Rural Infra-Structure. Present Status and Problems of Rural Infra-
Structure in India. Role of Rural Credit in the Development of Rural Infra-
Structure.
Unit-II
Govt. Initiatives for Rural Development : Banking Reforms and Rural Credit.
Initiatives towards Agricultural Credit –National Bank for Agriculture and Rural
Development (NABARD), Lead Bank Scheme (LBS) and Service Area Approach
(SAA). Small Industries Development Bank of India (SIDBI). Role and Function of
District Industries Centre (DIC). Govt. Schemes for Rural Development Specially for
Employment Generation and Entrepreneurial Development.
MUDRA Yojana (Micro unit development refinance agency).

Unit-III
Agricultural Finance in India : Credit Sources to Agriculture and Allied
Activities. Agricultural Credit in Post-Economic Reforms Era, Present Position
and Problems. Role, Functions and Problems of Regional Rural Banks (RRBs),
Land Development Banks (LDBs) and Primary Agricultural Credit Societies
(PACs). National Agricultural Insurance Schemes. Major Problems and
Challenges Faced by Small Scale Industries . Agro Rural Sector. Agricultural
Marketing Credit in India. Credit Support for Small Scale Industries / Tiny
Sector / Agro Rural Industries.
Unit-IV
Micro Finance : Concept of Microfinance and its Special Features. Experiments
of Poverty Reduction Initiatives in India, Bangladesh Gramin Experiment –
Mohammad Yunus Philosophy of Microfinance. International Experiences –
Microcredit Summit, 1997 and Policy Planning.
Self Help Group (SHG) Approach : Credit, Objectives, Promotion and General
Functioning Norms. Empowerment Strategy, Joint Liability Groups, Credit
Rating and Bank Linkages – Linking of SHG to Bank.
Unit-V
Models of Micro Finance : Conventional Models – Role of NGOs. Business
Facilitator / Business Correspondent Model, Bank-MFI Bulk Handling Model,
Partnership Model.
Development of Microfinance Products : Savings, Microinsurance,
Micropensions and Securitization.
12
Sustainable Development Issues : SHG Issues, Promotion of Micro Enterprises,
Capacity Building. Assessment of MFIs, CRISIL Model, M-Cril’s Credit Rating
Service. Regualtory Frame Work – Recommendation of Expert Groups.
Microfinance and Technology.

References :
1. Bhole, L.M. : Financial Institutions and Markets, Tata McGrawHill
2. Nambooiri, T.C.G. : Credit Appraisal Gayatri Publications
3. Sundharam, KPM : Money, Banking and International Trade, Sultan Chand
and Sons, New Delhi
4. Singh, Gopal : Rural Credit Planning, RBSA, Jaipur
5. Tyagi, Manjula : Critical Appraisal of Service Area Approach RBSA,
Jaipur
6. ICFAI University : Rural Banking and Microfinance, Hyderabad
7. Machiraju, HR : Indian Financial System, Vikas Publishing House, New
Delhi
8. Desai, Vasant : Indian Banking System, Himalaya Publishing House,
Mumbai

13
 ch- dkWe ikVZ & II
vkfFkZd iz'kklu ,oa foRrh; izca/k
ijh{kk ;kstuk&2021
nks iz'u&i= U;wure mRrh.kkZd
a & 72 vf/kdre vad & 200
izFke iz'u i= foRrh; izca/k le; & 3 ?kaVs vad 100
f}rh; iz'u i= ¼v½ eqnzk ,oa foRrh; O;oLFkkle; & 3 ?kaVs vad 100
;k
¼c½ ifj;kstuk fu;kstu ,oa fu;U=.k le; & 3 ?kaVs vad 100
;k
¼l½ xzkeh.k cSafdax ,oa O;f"V foRr le; & 3 ?kaVs vad 100

iz'u i=&A foRrh; izca/k

le; vof/k & 3 ?kaVs vf/kdre vad & 100
uksV % bl iz'u i= esa 03 [k.M fuEu izdkj gksaxsa %
[k.M v % bl [k.M esa ,d vfuok;Z iz'u ftlesa izR;sd bdkbZ ls nks y?kq iz'u ysrs
gq, dqy nl y?kq iz'u gksx
a As izR;sd y?kq iz'u dk mÙkj yxHkx chl 'kCnksa esa gks A
dqy vad % 10

[k.M c % bl [k.M esa izR;sd bdkbZ ls nks iz'u ysrs gq, dqy nl iz'u gkssx a sAizR;sd
bdkbZ ls ,d iz'u dk p;u djrs gq, dqy ikap iz'uksa ds mÙkj nsus
gksx
a As izR;sd iz'u dk mÙkj yxHkx nks lkS ipkl 'kCnksa esa gksA
dqy vad % 50

[k.M l % bl [k.M esa pkj iz'u o.kZukREkd gksx a s ¼iz'u esa Hkkx Hkh gks ldrs gS½ tks lHkh
bdkbZ;ksa esa ls fn, tkosxa ]s fdUrq ,d bdkbZ ls ,d ls vf/kd iz'u ugha gksxk
Anks iz'uksa ds mÙkj fn;s tkus gSaAizR;sd iz'u dk mÙkj yxHkx ikap lkS 'kCnksa esa
gksA
dqy vad % 40
bdkbZ & I
foRrh; izca/k % vFkZ] foRrh; mn~ns'; & YkkHk cuke lEink vf/kdrehdj.kA foRrh;
izca/k dk egRo ,oa lhek;saA vk/kqfud foRr izca/kd ds dk;Z vkSj mRrjnkf;Ro
foRr dk;Z % fofu;ksx fu.kZ;u] foRrh; fu.kZ;u ,oa ykHkak'k fu.kZ;uA
bdkbZ & II
foRrh; ,oa ykHk fu;kstu % foRrh; fo'ys"k.k ds lk/ku ] foRrh; fooj.k& vk;
fooj.k ,oa fLFkfr fooj.k ¼fpV~Bk½A foRrh; fo'ys"k.k dh rduhdsa% vuqikr fo”ys’k.k &
rjyrk] ykHknk;drk] fØ;k'khyrk ¼dk;Zdq'kyrk½ ,oa vU; vuqikrA foRrh; fu;kstu
,oa iwokZuqekuA
bdkbZ & III
iw¡thdj.k vkSj iw¡th <kapk % iwathdj.k dk vFkZ ,oa izdkj & vfr iwathdj.k ,oa
U;wu iathdj.k] dkj.k] izHkko ,oa lq/kkj ds mik;A iwath <+kpk % vo/kkj.kk ,oa ifjHkk’kk]
iwath <kpsa ds fu/kkZjd rRoA lerk ij O;kikjA yhojst % ifjpkyu yhojst] foRrh;
yhojst ,oa la;qDr yhojstA

14
 bdkbZ & IV
dk;Z'khy iw¡th dk izca/k % vo/kkj.kk] izd`fr] egRo dk;Z'khy iwath dk vuqeku ,oa
fu/kkZjd rRo ykxr&ykHk ek=k fo'ys"k.kA jksdM izcU/k] lkexzh izcU/k ,oa izkI;ksa dk izcU/k ।

iwath dh ykxr % iw¡th ykxr dh vo/kkj.kk vkSj egRo] _.k iw¡th dh ykxr dh
x.kuk] iwokZf/kdkj ¼vf/keku½ va'k iwath] lerk va'k iwath] izfr/kkfjr vtZu ,oa la;qDr
¼Hkkjkafdr½ iwath dh ykxrA

bdkbZ & V
iw¡th ctVu % fofu;ksx ewY;kadu ekin.M] iquHkqZxrku ¼vnk;xh½ vof/k] ys[kkadu
izR;k; nj] vkarfjd izR;k; nj 'kq) orZeku ewY;],oa ykHknk;drk lwpdkadA

vk; dk izca/k vkSj ykHkka'k uhfr % ifjp;] egRo ,oa ykHkka'k uhfr ds fu/kkZjd rRo]
ykHkka'k ds izdkj vkSj ykHkka'k uhfr ds izeq[k fcUnq ¼eqn~n½s A cksul fuxZeA

15
 iz'u i= &II ¼v½ eqnzk ,oa foRrh; O;oLFkk
le; vof/k & 3 ?kaVs vf/kdre vad & 100
uksV % bl iz'u i= esa 03 [k.M fuEu izdkj gksaxsa %
[k.M v % bl [k.M esa ,d vfuok;Z iz'u ftlesa izR;sd bdkbZ ls nks y?kq iz'u ysrs
gq, dqy nl y?kq iz'u gksx
a As izR;sd y?kq iz'u dk mÙkj yxHkx chl 'kCnksa esa gks A
dqy vad % 10

[k.M c % bl [k.M esa izR;sd bdkbZ ls nks iz'u ysrs gq, dqy nl iz'u gkssx a sAizR;sd
bdkbZ ls ,d iz'u dk p;u djrs gq, dqy ikap iz'uksa ds mÙkj nsus
gksx
a As izR;sd iz'u dk mÙkj yxHkx nks lkS ipkl 'kCnksa esa gksA
dqy vad % 50

[k.M l % bl [k.M esa pkj iz'u o.kZukREkd gksx a s ¼iz'u esa Hkkx Hkh gks ldrs gS½ tks lHkh
bdkbZ;ksa esa ls fn, tkosxa ]s fdUrq ,d bdkbZ ls ,d ls vf/kd iz'u ugha gksxk
Anks iz'uksa ds mÙkj fn;s tkus gSaAizR;sd iz'u dk mÙkj yxHkx ikap lkS 'kCnksa esa
gksA
dqy vad % 40
bdkbZ &I
eqnzk % vFkZ] fo'ks"krk,a] dk;Z] iwt a hoknh vFkZO;oLFkk esa eqnzk dh Hkwfedk ,oa egRo] eqnzk ds izdkjA
mPp 'kfDr eqnzk% vFkZ] mi;ksx] ifjoZru ds lzkrs A Hkkjr esa eqnzk dh iwfrZ ds oSdfYid ekin.M &
muds fofHkUu vax] eqnzk dh ekax dk izkjfEHkd v/;;uA
bdkbZ &II
foRrh; O;oLFkk % vFkZ] egRo] vax] foRrh; e/;LFkA foRrh; cktkj&eqnzk cktkj ,oa iwt a h cktkj
muds midj.k ,oa dk;ZA
bdkbZ &III
cSadksa }kjk lk[k fuekZ.k % lk[k fuekZ.k dh izfØ;kA eqnzk&iwfrZ ,oa lexz cSad lk[k dk fu/kkZj.kA
C;kt dh njsa % Hkkjr esa fofHkUu njsa ¼tSls& ckWM&nj] fcy nj] tek nj vkfn½ iz'kklfud njsa ,oa
cktkj fu/kkZfjr njs]a C;kt dh njksa esa fofHkUurk ds lzksr@dkjd] vkSlr Lrjh; C;kt njksa dk
O;ogkjA
bdkbZ &IV
eqnzk dk ewY; % eqnzk dk ifjek.kkRed fl)kar % fQ'kj] dSfEczt] dhUl dh fopkj/kkjkA
eqnzk LQhfr] eqnzk ladqpu] fuLian ¼voikr½ LQhfr ,oa eqnzk dk voewY;uA foeqnhzdj.k vksj blds
izHkkoA Hkqxrkuks dk fMftfyfVdj.kA

bdkbZ &V
laLFkkxr lk[k fu/kkZj.k dh uhfr;ka vkSj leL;k,a % ljdkj vkSj O;kikfjd {ks= ds e/; leL;k,a]
vUrj&{ks=h; ,oa vUrj laHkkxh; leL;ka,] cM+s ,oa NksVs m/kkjdÙkkZvksa ¼_f.k;ksa½ ds e/; leL;ka,]
1969 esa cSadks ds jk"Vªh;dj.k ds ckn fØ;kUo;u ds fojks/kkHkklh nckoA

fjtoZ cSad vkWQ bf.M;k % dk;Z] lk[k fu;=a.k ds midj.kA ekSfnzd uhfr& mn~ns”;] egRo ,oa
lhek,sAa

16
 vFkok

iz'u i= & II ¼c½ ifj;kstuk fu;kstu ,oa fu;U=.k

le; vof/k & 3 ?kaVs vf/kdre vad & 100
uksV % bl iz'u i= esa 03 [k.M fuEu izdkj gksaxsa %
[k.M v % bl [k.M esa ,d vfuok;Z iz'u ftlesa izR;sd bdkbZ ls nks y?kq iz'u ysrs
gq, dqy nl y?kq iz'u gksx a As izR;sd y?kq iz'u dk mÙkj yxHkx chl 'kCnksa esa gks A
dqy vad % 10
[k.M c % bl [k.M esa izR;sd bdkbZ ls nks iz'u ysrs gq, dqy nl iz'u gkssx a sAizR;sd
bdkbZ ls ,d iz'u dk p;u djrs gq, dqy ikap iz'uksa ds mÙkj nsus
gksx
a As izR;sd iz'u dk mÙkj yxHkx nks lkS ipkl 'kCnksa esa gksA
dqy vad % 50

[k.M l % bl [k.M esa pkj iz'u o.kZukREkd gksx a s ¼iz'u esa Hkkx Hkh gks ldrs gS½ tks lHkh
bdkbZ;ksa esa ls fn, tkosxa ]s fdUrq ,d bdkbZ ls ,d ls vf/kd iz'u ugha gksxk
Anks iz'uksa ds mÙkj fn;s tkus gSaAizR;sd iz'u dk mÙkj yxHkx ikap lkS 'kCnksa esa
gksA
dqy vad % 40

fo'ks"k funsZ'k % [k.M *c* vkSj [k.M *l* esa de ls de rhu izk;ksfxd (Numerical) iz'u
i``Fkd rhu bdkb;ksa esa ls iwNs tkosaxsA
bdkbZ & I
ifj;kstuk % vFkZ] ifjHkk"kk] fo'ks"krk,aA ifj;kstuk igpku& ifj;kstuk fopkj] fopkjksa dh
tkWp&iM+rkyA i;kZoj.kh; leh{kk vkSj volj fo'ys"k.kA ifj;kstuk thou&pØ] ifj;kstuk
vlQyrk ds dkj.kA ifj;kstuk lk/;rk fo'ys"k.k% cktkj] rduhdh ,oa foRrh; fo'ys"k.kA
O;kolkf;d iwokZuqeku % vFkZ] egRo] lhek;s]a midj.k ,oa rduhdsa rFkk O;kolkf;d iwokZuqeku ds
vko';d xq.kA
bdkbZ & II
ifj;kstuk ctVu fof/k;kW %iquHkqZxrku] ys[kkadu izR;k; nj] 'kq) orZeku ewY;] izR;k; dh
vkarfjd nj] 'kwU; vk/kkj ctVu] lkekftd ykxr&ykHk fo'ys"k.k ,oa Nk;k ewY; fu/kkZj.kA
bdkbZ & III
ifj;kstuk laxBu <kapk % laxBu <kaps dh LFkkiukA ifj;kstuk izca/kd% ;ksX;rk,a] p;u ,oa
izf'k{k.k] ifj;kstuk izca/kd ds vf/kdkj ,oa mRrjnkf;RoA ifj;kstuk fu.kZ;u gsrq lhekUr ykxr
ys[kkadu rduhdA
abdkbZ & IV
ifj;kstuk foRr % vFkZ] lk/ku] ykHk rFkk gkfu;kWA foRrh; fodkl laLFkkvksa dh ifj;kstuk foRr
esa HkwfedkA ifj;kstuk gsrq rU= fo'ys"k.k izfof/k;ksa dk iz;ksxA iVZ ,oa lh-ih- ,e-A

bdkbZ & V
ctVjh fu;U=.k% vFkZ] fo'ks"krk,a] mn~ns'; rFkk ctVjh fu;U=.k ds ykHk] ctVksa ds izdkjA
izeki ykxr ys[kkadu] ljy lkexzh ,oa Je fopj.k] ctVjh fu;U=.k vkSj izeki ykxr ys[kkaduA

17
 vFkok
iz'u i= & III ¼l½ xzkeh.k cSafdax ,oa O;f"V foRr
le; vof/k & 3 ?kaVs vf/kdre vad & 100
uksV % bl iz'u i= esa 03 [k.M fuEu izdkj gksaxsa %
[k.M v % bl [k.M esa ,d vfuok;Z iz'u ftlesa izR;sd bdkbZ ls nks y?kq iz'u ysrs
gq, dqy nl y?kq iz'u gksx
a As izR;sd y?kq iz'u dk mÙkj yxHkx chl 'kCnksa esa gks A
dqy vad % 10

[k.M c % bl [k.M esa izR;sd bdkbZ ls nks iz'u ysrs gq, dqy nl iz'u gkssx a sAizR;sd
bdkbZ ls ,d iz'u dk p;u djrs gq, dqy ikap iz'uksa ds mÙkj nsus
gksx
a As izR;sd iz'u dk mÙkj yxHkx nks lkS ipkl 'kCnksa esa gksA
dqy vad % 50

[k.M l % bl [k.M esa pkj iz'u o.kZukREkd gksx a s ¼iz'u esa Hkkx Hkh gks ldrs gS½ tks lHkh
bdkbZ;ksa esa ls fn, tkosxa ]s fdUrq ,d bdkbZ ls ,d ls vf/kd iz'u ugha gksxk
Anks iz'uksa ds mÙkj fn;s tkus gSaAizR;sd iz'u dk mÙkj yxHkx ikap lkS 'kCnksa esa
gksA
dqy vad % 40
bdkbZ & I
xzkeh.k Hkkjr % xzkeh.k {ks=ksa dh ifjHkk"kk;saAHkkjrh; xzkeh.k vFkZO;oLFkk dh eq[;
fo'ks"krk;sAa xzkeh.k xjhch ,oa xzkeh.k csjkstxkjh dh leL;kA xzkeh.k fodkl dk;ZØeksa esa
iapk;rhjkt iz.kkyh dh HkwfedkA xzkeh.k vk/kkjHkwr lajpuk dh egRrk] Hkkjr esa xzkeh.k
vk/kkjHkwr <+kaps dh orZeku fLFkfr ,oa leL;k;saA xzkeh.k vk/kkjHkwr <+kaps ds fodkl esa
xzkeh.k lk[k dh HkwfedkA
bdkbZ & II
xzkeh.k fodkl ds fy;s ljdkj dh igy% cSafdax lq/kkj ,oa xzkeh.k lk[kA d`f"ktU;
lk[k ds fy;s igy &jk"Vªh; d`f"k ,oa xzkeh.k fodkl cSad ¼ukckMZ½] vxz.kh cSad ;kstuk
rFkk lsok {ks= n`f"Vdks.kA Hkkjrh; y?kq vkS|ksfxd fodkl cSad ¼flMch½A ftyk m|ksx
dsUnz dh Hkwfedk ,oa dk;ZA xzkeh.k fodkl ds fy;s ljdkjh ;kstuk;sa fo'ks"kdj jkstxkj
l`tu ,oa m|ferk fodkl gsrqA
bdkbZ & III
Hkkjr esa d`f"ktU;@d`f"kxr foRr %d`f"k ,oa lEcfU/kr xfrfof/k;ksa ds fy;s lk[k ds
LkzksrA vkfFkZd lq/kkj Ik'pkr dky esa d`f"kxr lk[k] orZeku fLFkfr ,oa leL;k;saA{ksf=;
xzkeh.k cSadks dh Hkwfedk] dk;Z ,oa leL;k;sa]Hkwfe fodkl cSad rFkk izkFkfed d`f"k lgdkjh
lfefr;kaA jk"Vªh; d`f"k chek ;kstuk;saA y?kq iSekus ds m|ksxksa dh leL;k;sa ,oa
pqukSfr;¡kA d`f"k&xzkeh.k {ks=AHkkjr esa d`f"k foi.ku lk[kAy?kq iSekus ds m|ksxks@ a vfr
y?kq {ks=@,xzks&xzkeh.k m|ksxksa ds fy;s lk[k leFkZuA
bdkbZ & IV
O;f"V foRr %O;f"V foRr dh vo/kkj.kk ,oa bldh fof'k"V fo'ks"krk;sa AHkkjr esa xjhch
de djusA dh igy ds iz;ksx] ckaXykns'k xzkeh.k iz;ksxA eksgEen ;quql dk O;f"V foRr
dk n'kZuA vUrZjk"Vªh; vuqHko&O;f"V foRr lEesyu] 1997 rFkk uhfr fu;kstuALo;a
lgk;rk lewg n`f"Vdks.k % lk[k] m}s';] izksUu;u] lkekU; dk;Z lapkyu ekun.MA
Lk'kDrhdj.k O;wg jpuk] la;qDr nkf;Ro lewg] lk[k Js.kh;u ,oa cSad lEca/krk& Lo;a
lgk;rk lewg dk cSad ls laca/kA
bdkbZ & V
18
O;f"V foRr ds izfr:Ik% ijEijkxr izfr:Ik&xSj ljdkjh laxBuksa dh HkwfedkAO;olk;
lqfo/kkdkjhA O;olk; dkWjLiksUMsVa izfr:Ik] cSad&,e-,Q-vkbZ- cYd gs.Mfyax izfr:Ik]
lk>snkjh izfr:iAO;f"V foRr mRiknksa dk fodkl% cprs] O;f"Vchek] O;f"V ias'ku ,oa
izfrHkwrhdj.kA

LkqfLFkj fodkl ds eqn~ns % Lo;a lgk;rk lewg eqn~n]s O;f"V miØeksa dk izksUu;u]
{kerk fuekZ.k] ,e-,Q-vkbZ-] fØfly izfr:iksa dk ewY;kadu] ,e-&fØy (M-Cril’s) lk[k
Js.kh;u lsokA fu;ked <+kapk & fo'ks"kK lewg dh vuq'kalk;sAa O;f"VfoRr ,oa izkS|kSfxdhA

19
 B.COM. PART III Exam -2021
Economic Administration & Financial Management (EAFM)

Scheme :
Two Papers Min. Pass marks 72 Max. Marks 200
Paper - I International Trade and Finance 3 hrs 100
Paper - II A.Financial Market Operations 3 hrs 100
OR
B. Indian Banking System 3 hrs 100

OR
C. Credit Management 3 hrs 100

Paper – I: International Trade and Finance

Time – 3 Hrs. Max. Marks-100

Note : The question paper will contain three sections as follows –

Section-A : One compulsory question with ten sub-questions, having two sub- questions from
each unit, answer in about twenty words for each sub-question.
Total mark:10
Section-B : Ten questions, two questions from each unit, five questions to be attempted,
taking one from each unit, answer in about two hundred fifty words.

Total marks : 50
Section-C : Four questions, descriptive type, (question may have sub- division) covering all
units but not more than one question from each unit, two questions to be
attempted, answer in about five hundred words.
Total marks : 40

Unit – I
International Trade: Need, Importance and Problems. Distinction between Inter-
Regional and International Trade. An Elementary Knowledge of the Comparative
Cost Theory. Hecksher and Ohlin theory of International trade.

UNIT – II
Role of Acceptance and Discount Houses, Documentary Credit, Euro-Currency
Market: Characteristics, Growth, Functions, Working Mechanism, Importance in
International Finance and Problems. Terms of Trade and Factors Affecting Terms of
Trade.

UNIT – III
Free Trade v/s Protection. Foreign Exchange Rate: Meaning, Types and
Determination–Theories of Exchange Rate Determination. Fluctuations in Exchange

20
Rates :Causes, Effects and Methods of Controlling Fluctuations. Main Provisions of
FEMA, ECGCI.

UNIT – IV
Balance of Payments: Concept, Importance, Causes of Disequilibrium and Measures
for Correction. WTO, UNCTAD, EXIM Bank of India.
UNIT – V
The Problem of International Liquidity & SDRs. IMF, IBRD, IDA, IFC and Asian
Development Bank (ADB) – with Special Reference to India.

References :
1. vUrjkZ"Vªh; O;kikj ,oa foÙk% vxzoky flag ,oa xqIrk( vtesjk cqd dEiuh] t;iqjA
2. vUrjkZ"Vªh; O;kikj% th-lh-fla?kbZA
3. International Trade & Finance: S.K.Mathur.
4. International Trade: Barla & Agarwal.
5. International Trade: C.M.Choudhary.
6. International Trade: Sudama Singh.

Paper – II(A) : Financial Market Operations

Time – 3 Hrs. Max. Marks-100

Note : The question paper will contain three sections as follows

Section-A : One compulsory question with ten sub-questions, having two sub- questions from
each unit, answer in about twenty words for each sub-question.
Total mark:10
Section-B : Ten questions, two questions from each unit, five questions to be attempted,
taking one from each unit, answer in about two hundred fifty words.

Total marks : 50
Section-C : Four questions, descriptive type, (question may have sub- division) covering all
units but not more than one question from each unit, two questions to be
attempted, answer in about five hundred words.
Total marks : 40

Unit – I

Financial Markets in India: An overview of financial markets in India. Indian

money market: Composition, Structure – Acceptance houses, Discount houses and call
money markets. Defects of Indian money market and suggestions for removing them.
Recent trends in Indian money market.

UNIT – II
Capital Market: Institutions and instruments. Difference between money and capital
market and relationship between them. Stock Trading, F & O (Future and Options).
Security Market: New issue market, secondary market. Functions and role of Stock
Exchange; Listing procedure and legal requirements; Public issue – pricing and
marketing.

21
 UNIT – III
Stock Exchanges: Functionaries on Stock Exchanges: Brokers, Sub – Brokers,
market makers, jobbers, Portfolio consultants, Institutional investors and NRIs.
National Stock Exchange and Over the Counter Exchanges.

UNIT – IV
Securities Contract and Regulation Act: Main provisions. Investors protection:
Grievances concerning stock exchange dealings and their removal; Grievance cells in
stock exchanges; SEBI; Company Law Board; Press; Remedy through courts.

UNIT – V
Financial Services: Merchant banking – Functions and role; SEBI guidelines; Credit
rating – concept, functions and type. Credit Rating in India. Contemporary issue in
finance: Merger and Acquisition.

Reference:
1- Financial Market Operations: C.M.Choudhary; Ramesh Book Depot, Jaipur.
2- foÙkh; cktkj ifjpkyu% Ogh-ds-feJk] jes'k cqd fMiks] t;iqjA
3- Indian Financial System: Vasant Desai, Himalaya Publication, Delhi.

OR
Paper – II(B) : Indian Banking System
Time – 3 Hrs. Max. Marks-100

Note : The question paper will contain three sections as follows

Section-A : One compulsory question with ten sub-questions, having two sub- questions from
each unit, answer in about twenty words for each sub-question.
Total mark:10
Section-B : Ten questions, two questions from each unit, five questions to be attempted,
taking one from each unit, answer in about two hundred fifty words.

Total marks : 50
Section-C : Four questions, descriptive type, (question may have sub- division) covering all
units but not more than one question from each unit, two questions to be
attempted, answer in about five hundred words.
Total marks : 40

Unit – I
Indian Banking System : Indian Banking System an overview. Main provisions of
Indian Banking Regulation Act, 1949. Main provisions of Reserve Bank of India Act,
1934.
UNIT – II
Commercial Banking In India : Growth and development in post–independent era.
Social control and nationalisation of commercial banks. Recent and innovative trends
in Indian Commercial banking.
State Bank of India : Brief history, Objectives, Structure, Organisation, Functions,
Working and Progress.
ICICI Bank Ltd. : A universal Bank.

22
 UNIT – III
Rural Banking in India : Regional Rural Banks (RRBs) – Organisation & functions,
growth and Working. The major problems faced by RRBs. Improvement in the
working of RRBs. National Bank for Agriculture and Rural Development (NABARD)
– Objectives, Role, Functions and Progress.
Co-operative Banking in India : Structure of Co-operative Banks – Primary
Agricultural Credit Co-operative Societies(PACCs), Central Co-operative Banks,
State Co-operative Banks, Urban Co-operative Banks.
UNIT – IV
Development Banking in India : The Concept of Development Bank, Role &
functions of development banks. Objectives, functions & progress of Industrial
Development Bank of India (IDBI), Industrial Finance Corporation of India (IFCI),
Small Industries Development Bank of India (SIDBI), Industrial Investment Bank of
India (IIBI), State Finance Corporations (SFCs)

UNIT – V
Central Banking in India : The Reserve Bank of India – objectives, organisation,
functions & working, monetary policy, credit control measures and their effectiveness.
Non–Banking Finance Companies (NBFCs) : Growth, working and regulation.
Banking Sector Reforms in India. MPC (Monitory Policy Committee for credit
policy).

Reference:
1. Hkkjrh; cSfdax ç.kkyh% f=osnh% n'kksjk] ukxj ,oa flag( jes'k cqd fMiks] t;iqjA
2. Indian Banking System: Trivedi, Choudhary and Kumar; Ramesh Book Depot,
Jaipur.
3. Banking & Finance: C.M.Choudhary, Malik & Co.; Jaipur.
4. eqnzk] cSafdax ,oa jktLo% flag ,oa xqIrk( jes'k cqd fMiks] t;iqjA
5. cSafdax ,oa foÙk% of'k"B% Lokeh ,oa xqIrk] jes'k cqd fMiks] t;iqjA
6. Banking and Finance: Gupta, Swami & Vashisth; Ramesh Book Depot, Jaipur.
7. Indian Banking System: Vasant Desai
8. Money, Banking & International Trade: D.M.Mithani; Himalaya Publishing
House, Mumbai.
9. Money & Banking: M.L.Seth
10. Money & Banking: T.T.Sethi
11. Banking Theory and Practice: K.C.Shekhar & Lakshmy Shekhar; Vikas
Publishing House Ltd.; New Delhi.
12. Banking and Finance: Mathur, Yadav, Mathur, Vyas and Mishra, RBSA,
Jaipur.

23
 OR
Paper – II(C) : Credit Management
Time – 3 Hrs. Max. Marks-100

Note : The question paper will contain three sections as follows

Section-A : One compulsory question with ten sub-questions, having two sub- questions from
each unit, answer in about twenty words for each sub-question.
Total mark:10
Section-B : Ten questions, two questions from each unit, five questions to be attempted,
taking one from each unit, answer in about two hundred fifty words.

Total marks : 50
Section-C : Four questions, descriptive type, (question may have sub- division) covering all
units but not more than one question from each unit, two questions to be
attempted, answer in about five hundred words.
Total marks : 40

Unit – I
Overview : Lending activity – Basic requirements for lending. Objectives of Credit
Management : Credit Allocation, Credit Evaluation, Credit Discipline
and Credit Monitoring.Principles of Credit Management : Principles of
Lending – Evaluation of Borrower- The 6 Cs –Fair Practices Code.

Unit – II
Credit Policy in Banks : Need for Credit Policy – components of credit policy,
Credit policy of Reserve Bank of India, Credit culture.Regulatory
Framework of Credit : Regulation of Banking Institutions and Non-
Banking Finance Companies (NBFCs).Credit Deployment : Role of Bank
Credit, Bank credit in Indian Scenario, Credit for various sectors in Indian
Economy. Recent trends in credit deployment in India.

Unit – III
Types of Borrowers : Various categories including the special type of Borrowers.
Documentation : Importance of documentation, scrutiny of
documents, Renewal of documents and security offered for
loans.

Prudential norms : Capital Adequacy of Banks in India, Prudential norms for

capital Adequacy, Capital Tiers I and II.

Unit – IV
Credit Evaluation : Term Loans, Sources of Finance, Project Appraisal, Lending
Norms and Policies of Institutions, Capital Budgeting.Working
Capital Finance :Concept and Factors determining working
capital, working capital cycle (operating).
Credit Monitoring: Basic elements of Credit Monitoring,
Financial Supervision, Financial Follow-up, Financial Follow-
up Reports, Physical Follow-up.

24
 Unit – V
Debt Recovery Management : Credit Risk, Identifying Problem Loans, Loan
classification Contingent Risk.Debt Recovery Tribunals : Object and functioning of
Debt Recovery Tribunal, Authority of Debt Recovery Tribunal, Procedure and Powers
of Debt Recovery Tribunals and DRAT.Securitization Act : Introduction,
Securitization Companies,. Functions of Assets Reconstruction Company (ARC),
Appellate Tribunal.

Reference Books :
1. Fredric S Mishkin : Economics of Money, Banking and Financial
Markets, Addision Wesley Publishing

2. Lawrence S. Ritler, William L Silber, Gregory Fudell :Principles of

Money, Banking and Financial Markets, Longman Science and
Technology

3. Lloyd B Thomas : Money, Banking and Financial Markets, McGraw

Hill Primis Custom Publishing

4. Singh Gopal : Credit Management, RBSA Publishers, Jaipur

25
 Ckh-dkWe- ikVZ & III ijh{kk&2021
vkfFkZd iz'kklu ,oa foÙkh; izca/k
ijh{kk ;kstuk%
nks iz'u&Ik= U;wure mÙkh.kkZad 72 vf/kdre
vad% 200
izFke iz'u Ik=& vUrjkZ"Vªh; O;kikj ,oa foÙk vf/kdre
vad%100
f}rh; iz'u Ik= &v& foRrh; cktkj ifjpkyu vf/kdre
vad%100

vFkok
c& Hkkjrh; cSafdax O;oLFkk vf/kdre
vad%100

vFkok
l& lk[k izca/k vf/kdre vad%100

vof/k % 3 ?kaVs vf/kdre

vad%100
uksV % bl iz'u i= esa 03 [k.M fuEu izdkj gksaxsa %
[k.M v % bl [k.M esa ,d vfuok;Z iz'u ftlesa izR;sd bdkbZ ls nks y?kq iz'u ysrs
gq, dqy nl y?kq iz'u gksx
a As izR;sd y?kq iz'u dk mÙkj yxHkx chl 'kCnksa esa gks A
dqy vad % 10

[k.M c % bl [k.M esa izR;sd bdkbZ ls nks iz'u ysrs gq, dqy nl iz'u gkssx a sAizR;sd
bdkbZ ls ,d iz'u dk p;u djrs gq, dqy ikap iz'uksa ds mÙkj nsus
gksx
a As izR;sd iz'u dk mÙkj yxHkx nks lkS ipkl 'kCnksa esa gksA
dqy vad % 50

[k.M l % bl [k.M esa pkj iz'u o.kZukREkd gksx a s ¼iz'u esa Hkkx Hkh gks ldrs gS½ tks lHkh
bdkbZ;ksa esa ls fn, tkosxa ]s fdUrq ,d bdkbZ ls ,d ls vf/kd iz'u ugha gksxk
Anks iz'uksa ds mÙkj fn;s tkus gSaAizR;sd iz'u dk mÙkj yxHkx ikap lkS 'kCnksa esa
gksA
dqy vad % 40
bdkbZ & I
vUrjkZ"Vªh; O;kikj % vko';drk] egÙo vkSj leL;k,¡] vUr{ksZ=h; vkSj vUrjkZ"Vªh; O;kikj esa varj]
vUrjkZ"Vªh; O;kikj ds rqyukRed ykxr fl)kar ,oa gsDlpj &vksgfyu fl)kUr dh izkjfEHkd
tkudkjhA
bdkbZ & II
Lohd`fr ,oa dVkSrh x`gksa dh Hkwfedk] izy[s kh; lk[k] ;wjks eqnzk cktkj% fo'ks"krk,¡] fodkl] dk;Z
iz.kkyh] vUrjkZ"Vªh; O;kikj esa egÙo vkSj leL;k,¡A O;kikj dh 'krsaZ vkSj O;kikj dh 'krksZ dks izHkkfor
djus okys rÙo A
bdkbZ & III
Lora= O;kikj cuke laj{k.k] fons'kh fofu;e nj % vFkZ] izdkj vkSj fu/kkZj.k & fons'kh fofue; nj
fu/kkZj.k ds fl)kar A fofue; njksa esa mPpkopu% dkj.k izHkko ,oa mPpkopu dks fu;af=r djus ds
mik;A fons'kh fofue; izcU/k vf/kfu;e] Qsek ds izeq[k izko/kku] Hkkjrh; fu;kZr lk[k ,oa xkjaVh
fuxeA
26
 bdkbZ & IV
Hkqxrku larqyu % vo/kkj.kk] egÙo] vlkE; ds dkj.k vkSj lq/kkj ds mik;Afo'o O;kikj laxBu]
vadVkM] Hkkjr dk fu;kZr&vk;kr cSadA

bdkbZ & V
vUrjkZ"Vªh; rjyrk dh leL;k vkSj fo'ks"k vkgj.k vf/kdkj] vUrjkZ"Vªh; eqnzk dks"k]
vUrjkZ"Vªh; iqufuZekZ.k ,oa fodkl cSad] fo'o cSad] vUrjkZ"Vªh; fodkl la?k] vUrjkZ"Vªh;
foÙk fuxe vkSj ,f'k;kbZ fodkl cSad & Hkkjr ds fo'ks"k lanHkZ esAa

iz'u Ik= f}rh; ¼v½ %foÙkh; cktkj ifjpkyu

vof/k % 3 ?kaVs vf/kdre vad%100
uksV % bl iz'u i= esa 03 [k.M fuEu izdkj gksaxsa %
[k.M v % bl [k.M esa ,d vfuok;Z iz'u ftlesa izR;sd bdkbZ ls nks y?kq iz'u ysrs
gq, dqy nl y?kq iz'u gksx
a As izR;sd y?kq iz'u dk mÙkj yxHkx chl 'kCnksa esa gks A
dqy vad % 10

[k.M c % bl [k.M esa izR;sd bdkbZ ls nks iz'u ysrs gq, dqy nl iz'u gkssx a sAizR;sd
bdkbZ ls ,d iz'u dk p;u djrs gq, dqy ikap iz'uksa ds mÙkj nsus
gksx
a As izR;sd iz'u dk mÙkj yxHkx nks lkS ipkl 'kCnksa esa gksA
dqy vad % 50

[k.M l % bl [k.M esa pkj iz'u o.kZukREkd gksx a s ¼iz'u esa Hkkx Hkh gks ldrs gS½ tks lHkh
bdkbZ;ksa esa ls fn, tkosxa ]s fdUrq ,d bdkbZ ls ,d ls vf/kd iz'u ugha gksxk
Anks iz'uksa ds mÙkj fn;s tkus gSaAizR;sd iz'u dk mÙkj yxHkx ikap lkS 'kCnksa esa
gksA
dqy vad % 40

bdkbZ & I
Hkkjr esa foÙkh; cktkj % Hkkjr esa foÙkh; cktkjksa dk flagkoyksduA Hkkjrh; eqnzk cktkj % lajpuk]
<~+kapk LohÑfr x`g] dVkSrh x`g ,oa ;kpuk eqnzk cktkjA Hkkjrh; eqnzk cktkj ds nks"k rFkk mUgsa nwj
djus gsrq lq>koA Hkkjrh; eqnzk cktkj dh vk/kqfud izo`fÙk;k¡A
bdkbZ & II
iw¡th cktkj%laLFkk,¡ ,oa midj.kAeqnzk ,oa iw¡th cktkj esa vUrj ,oa muds chp lEcU/k] LdU/k
O;kikj&Hkfo"; ,oa fodYiA
izfrHkwfr cktkj % uohu fuxZe cktkj] f}rh;d cktkj( LdU/k foif.k ds dk;Z ,oa Hkwfedk( lwph;u
izfØ;k ,oa dkuwuh vko';drk,¡( lkoZtfud fuxZe & dher fu/kkZj.k ,oa foi.kuA
bdkbZ & III
LdU/k foif.k % LdU/k foif.k esa dk;Z djus okys (Functionaries): nyky] mi&nyky] cktkj
fuekZrk] tksclZ] iksVZQksfy;ks lykgdkj] laLFkkxr fuos'kd ,oa xSj&fuoklh Hkkjrh;A jk"Vªh; LdU/k
foif.k ,oa dkmUVj ij fofue; (NSE na d OCE)A
bdkbZ & IV

27
izfrHkwfr lafonk ,oa fu;eu vf/kfu;e % eq[; izko/kkuA fofu;ksDrk laj{k.k % LdU/k foif.k ds ysunsu
ls lEcfU/kr ifjosnuk,¡ ,oa mudk fuokj.k( LdU/k foif.k;ksa esa ifjosnuk izdks"B( Hkkjrh; izfrHkwfr
fofue; e.My ¼lsch½( dEiuh dkuwu e.My (izsl( U;k;ky; }kjk mipkjA

bdkbZ & V
foÙkh; lsok,¡ %epsZ.V cSafdax% dk;Z ,oa Hkwfedk( Hkkjrh; izfrHkwfr fofue; e.My ¼lsch½ ds fn'kk
funsZ'k( lk[k fu/kkZj.k&vo/kkj.kk] dk;Z ,oa izdkjAHkkjr esa lk[k fu/kkZj.kA वित्त esa समकालीन eqn~ns %
laविलय और अधिग्रहण।

vFkok
iz'u Ik= f}rh; ¼c½ %Hkkjrh; cSafdax O;oLFkk
vof/k % 3 ?kaVs vf/kdre
vad%100
[k.M v % bl [k.M esa ,d vfuok;Z iz'u ftlesa izR;sd bdkbZ ls nks y?kq iz'u ysrs
gq, dqy nl y?kq iz'u gksx
a As izR;sd y?kq iz'u dk mÙkj yxHkx chl 'kCnksa esa gks A
dqy vad % 10

[k.M c % bl [k.M esa izR;sd bdkbZ ls nks iz'u ysrs gq, dqy nl iz'u gkssx a sAizR;sd
bdkbZ ls ,d iz'u dk p;u djrs gq, dqy ikap iz'uksa ds mÙkj nsus
gksx
a As izR;sd iz'u dk mÙkj yxHkx nks lkS ipkl 'kCnksa esa gksA
dqy vad % 50

[k.M l % bl [k.M esa pkj iz'u o.kZukREkd gksx a s ¼iz'u esa Hkkx Hkh gks ldrs gS½ tks lHkh
bdkbZ;ksa esa ls fn, tkosxa ]s fdUrq ,d bdkbZ ls ,d ls vf/kd iz'u ugha gksxk
Anks iz'uksa ds mÙkj fn;s tkus gSaAizR;sd iz'u dk mÙkj yxHkx ikap lkS 'kCnksa esa
gksA
dqy vad % 40

bdkbZ & I
Hkkjrh; cSafdax O;oLFkk % Hkkjrh; cSafdax O;oLFkk dk flagkoyksduA Hkkjrh; cSafdax fu;e vf/kfu;e]
1949 ds izeq[k izko/kkuA fjt+oZ cSad vkWQ bf.M;k vf/kfu;e]1934 ds izeq[k izko/kku A
bdkbZ & II
Hkkjr esa O;kikfjd cSafdax ( LorU=rk Ik'pkr~ izxfr ,oa fodklA O;kikfjd cSadksa ij lkekftd
fu;U=.k vkSj jk"Vªh;dj.k A Hkkjrh; O;kikfjd cSadksa dh vk/kqfud ,oa uoksUes"k izo`fr;k¡A
LVsV cSad vkWQ bf.M;k % laf{kIr bfrgkl] mís';] <k¡pk ,oa laxBu] dk;Z] dk;Z iz.kkyh ,oa izxfrA
vkbZ-lh-vkbZ-lh-vkbZ- cSad fyfeVsM % ,d lkoZHkkSfed cSadA
bdkbZ & III
Hkkjr esa xzkeh.k cSafdax % {ks=h; xzkeh.k cSad &laxBu ,oa dk;Z] izxfr ,oa dk;Ziz.kkyhA {ks+=h; xzkeh.k
cSadksa dh eq[; leL;k,¡A {ks=h; xzkeh.k cSadksa dh dk;Z iz.kkyh esa lq/kkjA jk"Vªh; Ñf"k ,oa xzkeh.k
fodkl cSad ¼ukckMZ½ & mís';] Hkwfedk] dk;Z ,oa izxfrA
Hkkjr esa lgdkjh cSafdax % lgdkjh cSadksa dk <~k¡pk & izkFkfed Ñf"k lk[k lgdkjh lfefr;k¡] dsUnzh;
lgdkjh cSad] jkT; lgdkjh cSad] uxjh; lgdkjh cSadA
bdkbZ & IV
28
Hkkjr esa fodkl cSafdax % fodkl cSad dh vo/kkj.kk] fodkl cSad dh Hkwfedk ,oa dk;ZA Hkkjrh;
vkS|ksfxd fodkl cSad] Hkkjrh; vkS|ksfxd foÙk fuxe ]Hkkjrh; y?kq m|ksx fodkl cSad] Hkkjrh;
vkS|ksfxd fofu;ksx cSad ,oa jkT; foÙk fuxe ds mís';] dk;Z ,oa izxfrA

bdkbZ &V
Hkkjr esa dsUnzh; cSafdax% Hkkjrh; fjt+oZ cSad &mís';] laxBu] dk;Z ,oa dk;Z iz.kkyh] ekSfnzd uhfr]
lk[k fu;a=.k ds mik; ,oa mudh izHkkoksRikndrkA
xSj&cSafdax foÙk dEifu;k¡ % fodkl] dk;Z iz.kkyh ,oa fu;euA Hkkjr esa cSafdax lq/kkjA

vFkok
iz'u Ik= f}rh; ¼l½ % lk[k izcU/k
vof/k % 3 ?kaVs vf/kdre vad%100
[k.M v % bl [k.M esa ,d vfuok;Z iz'u ftlesa izR;sd bdkbZ ls nks y?kq iz'u ysrs
gq, dqy nl y?kq iz'u gksx
a As izR;sd y?kq iz'u dk mÙkj yxHkx chl 'kCnksa esa gks A
dqy vad % 10

[k.M c % bl [k.M esa izR;sd bdkbZ ls nks iz'u ysrs gq, dqy nl iz'u gkssx a sAizR;sd
bdkbZ ls ,d iz'u dk p;u djrs gq, dqy ikap iz'uksa ds mÙkj nsus
gksx
a As izR;sd iz'u dk mÙkj yxHkx nks lkS ipkl 'kCnksa esa gksA
dqy vad % 50

[k.M l % bl [k.M esa pkj iz'u o.kZukREkd gksx a s ¼iz'u esa Hkkx Hkh gks ldrs gS½ tks lHkh
bdkbZ;ksa esa ls fn, tkosxa ]s fdUrq ,d bdkbZ ls ,d ls vf/kd iz'u ugha gksxk
Anks iz'uksa ds mÙkj fn;s tkus gSaAizR;sd iz'u dk mÙkj yxHkx ikap lkS 'kCnksa esa
gksA
dqy vad % 40
bdkbZ & I
flagkoyksdu % _.k iznku fØ;k,a &_.k iznku djus dh vk/kkjHkwr vko';drk,aA
lk[k izcU/k ds m}s';% lk[k vkoaVu] lk[k ewY;kadu] lk[k vuq'kklu rFkk lk[k
fuxjkuhA lk[k izcU/k ds fl)kar% _.k@lk[k ds fl)kar] _.kh dk
ewY;kadu&6Cs&mfpr O;ogkj lafgrkA
bdkbZ & II
cSad lk[k uhfr % lk[k uhfr dh vko';drk] lk[k uhfr ds vax] Hkkjrh; fjtoZ cSad dh lk[k uhfr]
lk[k laLd`frAlk[k dk fu;ked <+kapk%cSfdax laLFkkvksa ,oa xSj&cSafdax foRrh;
laLFkkvksa dk fu;euA lk[k vkoaVu% cSad lk[k dh Hkwfedk] Hkkjrh; ifjn`'; esa
cSad lk[k & Hkkjrh; vFkZO;oLFkk ds fofHkUu {ks=ksa ds fy;s lk[k] Hkkjr esa lk[k
vkoaVu dh v|ru izo`fr;kaA
bdkbZ & III
_f.k;ksa ds izdkj % fofHkUu Jsf.k;ka fo'ks"k izdkj ds _f.k;ksa lfgrA izy[s kh;dj.k& egRo]
izy[s kksa dh tkWp] izy[s kksa dk uohuhdj.k rFkk _.kksa dh tekur @ izfrHkwfrA
foosdiw.kZ ekin.M (Prudential Norms) & Hkkjr esa cSadksa dh iwt a h Ik;kZIrrkA
iwath i;kZIrrk ds fy;s foodiw.kZ ekin.M&iwath <+kapk I vkSj II A
29
 bdkbZ & IV
lk[k ewY;kadu%vof/k _.k&foRr ds lzkrs ] ifj;kstuk ewY;kadu] laLFkkvksa ds _.k ekin.M rFkk
uhfr;ka] iwt
a h ctVu] dk;Z'khy iwt
a h foRr%&vo/kkj.kk ,oa fu/kkZjd rRo] dk;Z'khy iwt
a h pØ
¼fØ;k'khy½ lk[k fuxjkuh& lk[k fuxjkuh ds vk/kkjHkwr rRo] foRrh; Ik;Zos{k.k]
foRrh;vuqikyu] foRrh; vuqikyu izfrosnu rFkk HkkSfrd vuqikyuA
bdkbZ & V
_.k olwyh izca/k % lk[k tksf[ke] leL;k _.kksa dh igpku] _.kksa dk oxhZdj.k] vkdfLed
tksf[keA _.k olwyh izkf/kdj.k ¼DRAT½% m}s'; ]dk;Ziz.kkyh] vf/kdkj] izfdz;k ,oa “kkfDr;kaA
izfrHkwfrdj.k vf/kfu;e% ifjp;]izfrHkwfrdj.k dEiuh&ifjlEifr iqufuZek.k ize.Myksa ds izdk;Z] vihy
izkf/kdj.kA

30