Nature and Purpose of Business (i) Definition and concept of business; classification of business activities.
(ii) Business objectives and necessity.
(iii) Commerce: branches of commerce; economic basis of commerce.
(iv) Human wants and their satisfaction; classification of wants, characteristics of wants.
(v) Division of labour: specialisation and localisation factors affecting labour.
(vi) Classification of human activities – economic and non-economic.
Forms of Business Organisations
(i) Sole trader - objective; formation; merits and demerits.
(ii) Partnership - formation; features; types of partners.
(iii) Partnership - registration; dissolution under different circumstances.
(iv) Evaluation of partnership; merits and demerits.
(v) Comparison of sole proprietorship and partnership.
(vi) Joint-stock company: meaning; characteristics; merits and demerits; causes of popularity.
(vii) Types of companies - public and private companies - differences; advantages and disadvantages.
(viii) Public enterprise - meaning; role and growth; forms of organisation. Departmental undertakings; Public Corporations and Government companies including public utility services.
(ix) Co-operative forms of organisation - meaning; characteristics; formation. Different types of co-operatives.
Stock Exchange
(i) Meaning and importance.
(ii) Functions and services.
(iii) Major Stock Exchanges in India (BSE, NSE, DSE, ASE) - types and locations.
(iv) Types of operators - Brokers, Jobbers, Bulls and Bears.
(v) Terms used in Stock Exchange - ex-dividend, cum dividend, spot delivery, forward delivery
Inland Trade
(i) Channel of distribution: direct / indirect - factors influencing the choice of channel.
(ii) Wholesale trade; necessity and objectives.
(iii) Services to retailer, customer and producer.
(iv) Survival or elimination of wholesalers.
(v) Retail trade - necessity and objectives.
(vi) Functions of retailers. Factors affecting the establishment of a retail outlet. Threat to
small retailers - survival of small retailers.
(vii) Types of retail organizations: departmental store, chain store, mail order houses, tele shopping, franchise, consumer cooperative stores including super bazaars.
(viii) Consumer protection: rights of consumers, methods of consumer protection.
(ix) Documents used in home trade: enquiry catalogues - invoice, debit note, credit note, cash discount and trade discount.
(x) Role of Chambers of Commerce and Industry.
Foreign Trade
(i) Meaning, difference between internal trade and external trade.
(ii) Characteristics of international trade.
(iii) Export trade - objectives and purpose.
(iv) Procedure of export trade.
(v) Import trade - objectives and purpose.
(vi) Procedure of import trade.
(vii) Documents involved in international trade.
(viii) Balance of payment. International financial institutions - WB, ADB, etc.
Warehousing
(i) Warehousing: meaning, objective, and necessity.
(ii) Functions of warehousing.
(iii) Types of warehouses: private; public; bonded and cold storage - meaning, advantages of each, documents used - warehouse receipt, warehouse warrant, delivery order.
Insurance
(i) Insurance - objectives and purpose.
(ii) Risks in business - insurable and noninsurable.
(iii) Principles of insurance.
(iv) Types of insurance: fire, marine, life insurance - methods of taking out policies,submission of claims.
(v) Functions of Life Insurance Corporation.
(vi) Lloyds of London – insurance underwriter.
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