MAHATMA GANDHI CHITRAKOOT GRAMODAYA ISHWAVIDYALAYA,

CHITRAKOOT SATNA MP
MCom (Master Of Commerce)
COURSE CONTENT (w.e.f. 2015-16)

First Semester
Course No CREDIT
COURSE CONTENT
MCom - 101 Management Concept 3(3+0)
MCom - 102 Business Environment 3(3+0)
MCom - 103 Advanced Accounting 3(3+0)
MCom - 104 Cost Analysis and Control 3(3+0)
MCom - 105 Employement Oriented Project Work 8(0+8)
TOTAL CREDIT 20 (12+8)

Second Semester
MCom - 201 Corporate Legal Framework 3(3+0)
MCom - 202 Organization Behavior 3(3+0)
MCom - 203 Advance Statical Analysis 3(3+0)
MCom - 204 Functional Management 3(3+0)
MCom - 205 Employement Oriented Project Work 8(0+8)
MCom - 206 VSR 2(1+1)
TOTAL CREDIT 22(13+9)

Third Semester
MCom - 301 Corporate Legal Framework 20(0+20)

Total Credit 20(0+20)

 Fourth Semester
Specialization : Marketing
MCom - 401 Advertising and sales Management 3(3+0)
MCom - 402 Consumer Bihavior 3(3+0)
MCom - 403 Rural And Agriculture Marketing 3(3+0)
MCom - 404 International Marketing 3(3+0)
MCom - 405 Employement Oriented Project Work 8(0+8)
TOTAL CREDIT 20(12+8)

Specialization : Human Resource Management

MCom - 401 Industrial Relation 3(3+0)
MCom - 402 Socila Security and welfare 3(3+0)
MCom - 403 Human Resource Planning and Devlopement 3(3+0)
MCom - 404 International Marketing 3(3+0)
MCom - 405 Employement Oriented Project Work 8(0+8)
TOTAL CREDIT 20(12+8)

Specialization : Finance
MCom - 401 Security Analysis and Portfolio Management 3(3+0)
MCom - 402 Strategic Financial Management 3(3+0)
MCom - 403 Project Planning Management 3(3+0)
MCom - 404 Indian Financial System 3(3+0)
MCom - 405 Employement Oriented Project Work 8(0+8)
TOTAL CREDIT 20(12+8)
Grand Total 82(37+55)
 1ST SEMESTER
MANAGEMENT CONCEPTS

M. Com.- 101 Credit 3(3+0)

Unit 1: Introduction: Concept of Management, Scope and Nature of Management,
Approaches to Management, Human Relation, Behavioural and System approach.

Unit 2: Planning: Concept of Planning, Objectives and components of Planning, Nature

and Process of Planning, determination of Objectives. Management by objectives,
Management by Exception, Concepts, Nature and Process of decision-making.
Theories of decision-making.

Unit 3: Organization : Concept, objectives and element of organization, process and

principles of organization. Organization Structure and Charts, Span of
Management, Delegation of Authority, Centralization and Decentralization.

Unit 4: Direction : Concept, Nature, Scope, Principles and Techniques of Direction.

Communication : concept, Process. Channel and Media of Communication.
Barriers to effective communication, Building effective communication system.

Unit 5: Control : Concept, objectives, nature and process of control. levels and areas
of control. Various control techniques. Z-Theory of Management. Management
Education in India: Objectives, Present position and difficulties
 BUSINESS ENVIRONMENT

M. Com.- 102 Credit 3(3+0)

Unit 1: Theoritical Framework of Business Environment : Concept, Significance and
nature of business environment; Elements of environment -internal and external,
Changing dimensions of business environment. Liberalisation, Privatisation and
Globalisation.

Unit 2: Economic Environment of Business : significance and elements of economic

Environment, economic systems and business environment, Economic planning
in India, Government policies - Industrial policy, licensing policy, fiscal
policy, Monetary policy and EXIM policy.

Unit 3: Political and Legal Environment of Business : Monopoly and Restrictive Trade
Practices (MRTP) Act, Foreign Exchange Management Act (FEMA), Consumer
Protection Act, Patent Laws.

Unit 4: Socio, Cultural & International Environment : Social responsibility of business,

Characteristic, Components, Scope, relationship between society and business,
Socio-cultural business Environment, Social Groups, World Trade Organisation
(WTO), International Monetary Fund (IMF), Foreign Investment in India

Unit 5: Technological Environment : Concept, Online Channels, Online Services,

Advantage of Online services, E-commerce, Indian conditions of E-commerce,
Electronic Banking, Franchise Business.
 ADVANCED ACCOUNTING

M. Com.- 103 Credit 3(3+0)

Unit 1: Advanced problems of Final Accounts

Unit 2: Advanced Problems of Bank Reconciliation Statement, Rectification of Errors,

Accounting for Non Profit Organisation.

Unit 3: Accounting from Incomplete Records, Accounting for Insurance Claim.

Unit 4: Investment A/c, Voyage A/c, Insolvency A/c.

Unit 5: Dissolution of partnership firm including sales of Firm and Amalgamation.

 COST ANALYSIS AND CONTROL

M. Com.- 104 Credit 3(3+0)

Unit 1: Various cost concepts, Cost centre and cost unit, Methods and techniques of Costing.
Installation of costing system, Methods of inventory control, Overheads accounting.

Unit 2: Process Accounting Joint product and Bye product, Equivalent Production and Inter
Process Profit, Operating Cost.

Unit 3: Marginal Costing : Concepts, Break Even Analysis, Uniform costing and Inter firm
comparison. Use of Managerial Costing in business Decision

Unit 4: Budgetary Control : Basic concepts, Preparation of functional budget: Cost Audit :
Objectives and Advantages

Unit 5: Standard Costing and Variance Analysis

 EMPLOYMENT ORIENTED PROJECT WORK
M. Com.- 105 Credit 8(0+8)
 2ND SEMESTER

CORPORATE LEGAL FRAMEWORK

M. Com 201 Credit 3(3+0)

UNIT 1: The Companies Act, 1956 (Relevant Provisions) : Definition, types of companies,
Memorandum of association, Articles of association, Prospectus, Share capital
and Membership, Meetings and Resolutions, Company Management, Managerial
Remuneration, Winding up and dissolution of companies.

UNIT 2: The Negotiable Instruments Act, 1881: Definition, Types of Negotiable Instruments,
Negotiation Holder and holder in due course, Payment in due course; Endorsement and
Crossing of cheque; Presentation of negotiable instruments.

UNIT 3: MRTP Act 1969 : Monopolistic trade practices; Restrictive trade practices; Unfair
trade practices.

UNIT 4: The consumer protection Act, 1986 : salient features; Definition of Consumer, Right
of consumer; Grievance Redressal Machinery

UNIT 5: Regulatory Environment for International Business : FEMA, WTO: Regulatory

framework of WTO, basic principles and its character, WTO provisions relating
to preferential treatment to developing countries; regional groupings, technical
standard, anti-dumping duties and other Non Tariff Barriers. Custom valuation
and dispute settlement, TRIP and TRIMS.
 ORGANIZATIONAL BEHAVIOUR

M. Com 202 Credit 3(3+0)

UNIT 1: Organization : Concept, Types and significance, Organization Goal and its
determinants.

Organization Behaviour : Concept, Nature and Significance, Organizational Behaviour models.

UNIT 2: Personality : Concept, Theories, Determinants and importance, Perception : Concept,

Process and Theories,

Learning : Concept, Components, affecting factors and theories.

UNIT 3: Motivation : Meaning, types and important elements, Theories of Motivation,

Attitudes and Values : Concept, factors, significance and Theories

UNIT 4: Interpersonal Behaviour : Nature, Transactional Analysis, Concept of Group,

Theories of group formation, Group cohesiveness, Power and Authority.

UNIT 5: Organizational Conflicts : Causes and suggestions. Developing sound Organizational

Climate, Management of Change, Concept and Process of Organizational Development.
 ADVANCED STATISTICAL ANALYSIS

M. Com 203 Credit 3(3+0)

UNIT 1: Theory of Probability - Probability Distributions, Binomial, Poisson and Normal
Distribution

UNIT 2: Theory of Sampling and Test of Signification

UNIT 3: Analysis of Variance (including one way and two way classification), Chi-square test

UNIT 4: Interpolation and Extrapolation. Association of Attributes.

UNIT 5: Regression Analysis, Statistical Decision Theory:- Decision under Risk and
Uncertainty, Decision Tree Analysis.
 FUNCTIONAL MANAGEMENT

M. Com 204 Credit 3(3+0)

UNIT 1: Financial Management : Concept, Nature and Objectives, Functions of Financial
Manager, Financial Planning - Nature, Need and influencing factors, Characteristics of a sound
financial plan.

UNIT 2: Capitalization : Concept and Theories, Over and Under Capitalization, Capital
structure, Balanced Capital Structure, Trading on Equity, Leverage: Financial and Operating
leverage.

UNIT 3: Marketing Management : Concept Nature and Scope of marketing, Functions of

marketing management, Marketing mix. Advertising Management: Meaning Objectives,
functions and scope, Media of advertising, Selecting an advertising media Essential of a good
advertising copy, Meaning of Sales Promotion, Importance, limitations and Methods of sales
promotion.

UNIT 4: Personnel Management : Concept, Functions, Scope and Importance, Signification of

Man-Power Planning, Sources of Recruitment, Characteristics of a Good Recruitment Policy,
Concept of Selection, Selection procedure, Importance of employee Training, Methods of
Training.

UNIT 5: Production Management : Concept, Importance, Scope and functions. Types of

production systems, Concept of production planning, objectives, elements and steps. Procedure
of production control, Process of New Product Development, Concept of Product
Diversification, Standardization, Simplification and Specialization.
 EMPLOYMENT ORIENTED PROJECT WORK

M. Com 205 Credit 8(0+8)

 VSR

M. Com 206 Credit 2(1+1)

 3RD SEMESTER

EMPLOYMENT ORIENTED PROJECT WORK

M. COM.- 301 Credit 20(0+20)

EMPLOYMENT ORIENTED PROJECT WORK (AS PER THE INSTRUCTIONS ISSUED BY

GOVT. OF MP, DEPT. OF HIGHER EDUCATION THAT STUDENTS WILL BE
ALLOCATED EMPLOYMENT ORIENTED JOB TRAINING AT WORK PLACE. FOR THIS
PURPOSE THAT DEPT. WILL ISSUE SEPERATE DIRECTION.)
 4TH SEMESTER

A. MARKETING (MK)
ADVERTISING AND SALES MANAGEMENT
M. COM.- MK-401 Credit 3(3+0)
UNIT-I: INTRODUCTION:
Concept, scope, objectives and functions of advertising, Role of advertising in marketing mix
and the advertising process, Legal ethical and social aspect of advertising.

UNIT-II: Pre-Launch Advertising Decision:

Determination of target audience, Advertising media and their choice, advertising measure.
Layout of advertisement and advertising appeal, advertising copy.

UNIT-III: Promotional Management:

Advertising department , Role of advertising agencies and their selection, Advertising budget,
Evaluation and advertising effectiveness.

UNIT-IV: Personal selling:

Meaning and importance of personal selling, Difference between personal selling, advertising
and sales promotion. Methods and procedure of personal selling.

UNIT-V: Sales Management:

Concept of sale management, Objectives and functions of sale management. Sales organization,
management of sales force and sales force objectives, Sales force recruitment, Selection,
training, compensation and evaluation.

References:
1. Thakur D.- Advertising marketing & Sales mgt.- Deep & Deep
2. K. Ashwthapa- Advertising Theory & Practice- Himalaya Pub.
3. G.S.Sudha- Sales and Advertising mgt.- Ramesh Book Depot.
 CONSUMER BEHAVIOUR

M. COM.- MK-402 Credit 3(3+0)

UNIT – I: Introduction : Meaning and Significance of consumer behaviour, Determinants of
consumer behaviour, Consumer behaviour Vs. buyers behaviour, Consumer buying process and
consumer movement in India.
UNIT – II: Organisational Buying Behaviour and Consumer Research : Characteristics and
Process of organizational buying behaviour Determinants of organizational buying behaviour.
History of consumer research and Consumer research process.
UNIT – III: Consumer Needs and Motivations : Meaning of motivation, Needs and Goals,
Dynamic nature of consumer motivation, Types and systems of consumer needs, measurement of
motives and Development of motivational research.
UNIT – IV: Personality & Consumer Behaviour : Concept of personality, theories of
personality, Personality and understanding, consumer diversity, Self and self-images
UNIT – V: Social Class and Consumer Behaviour : Meaning of social class, Measurement of
social class, Lifestyle profiles of the social class, Social-class mobility, Affluent and Non-
affluent consumer, Selected consumers behaviour, applications of social class.
 RURAL & AGRICULTURAL MARKETING
M. COM.- MK-403 Credit 3(3+0)
UNIT-I: Rural Marketing:
Image of Indian rural marketing and approach to rural markets of India, Rural consumer and
demand dimensions and market segmentations, Channels of distribution and physical distribution
product management, marketing communication and sales force tasks.

UNIT-II: Agricultural Marketing:

Concept, Nature, Scope and subject matter, Classification of agricultural products and their
difference with manufactured goods.
Agricultural market- Meaning, Components, Dimensions and classification
Market structure- Dynamics of market structure, Components of market structure and market
forces.

UNIT-III: Market marketing and Channel Strategy:

Modern marketing management and agricultural products, Structured organized markets-
commodity exchange and produce exchange, Cash market, Forward dealing, Exchange market,
Speculative market, Channels of distribution for consumer goods, Agricultural consumer goods
and agricultural raw materials.

UNIT-IV: Regulated Market in India:

Regulated market, Genesis of regulated markets in India. Limitations in present marketing
regulations, Advantages and limitations of regulated market. Organization of regulated markets,
Future of regulated markets & regulated market in India.

UNIT-V: Marketing of farm Products- Packaging- Packing and packaging, Packing material.
Transportation- Advantages, Means of transport and transportation cost. Grading and
standardization- Meaning, Type, Criteria, Labeling and grade specification, Storage
Warehousing, processing and selling.

References:
1. Sukhpal Singh- Rural Marketing Mgt.- Vikas Pub.
 INTERNATIONAL MARKETING
M. COM.- MK-404 Credit 3(3+0)
UNIT – I:
International Marketing: Scope and Significance of International Marketing, The importance of
international marketing, Differences between international and domestic marketing International
environment, International Social & culture Environment, the political legal environment and
regulatory environment of international marketing, Technological Environment.
UNIT – II:
International Market Entry Strategies: Indirect Exporting, Domestic Purchasing, Direct
Exporting, Foreign Manufacturing Strategies without Direct Investment, Foreign Manufacturing
Strategies with Direct Investment. Entry Strategies of Indian Firms.
UNIT – III:
International product management: International product positioning, Product saturation Levels
in global Market, International product life cycle, Geographic Expansion–Strategic Alternatives.
New products in Intentional Marketing, Product and culture, brands in International Market.

UNIT – IV:
International Marketing Channels: channels –Distribution Structures, Distribution Patterns,
Factors effecting Choice of Channels, the Challenges in Managing an international Distribution
Strategy Selecting Foreign Country Market intermediaries. The management of physical
distribution of goods, Advertising and Branding, Grey Market goods.
UNIT – V:
Export Marketing: Introduction to Export Marketing, Export Policy Decisions of a firm, EXIM
policy of India. Export costing and pricing, Export procedures and export documentation. Export
assistance and incentives in India.

References:
1. International Business- Batra, Dangwal- Deep & Deep
2. Caleora Graham- International Marketing- Tata Mc Graw Hill
3. Bennet- International Business- Pearson Education
4. Onkvisit Shaw- International Marketing- Prentice Hall India
 EMPLOYMENT ORIENTED PROJECT WORK

M. COM.- MK-405 Credit 8(0+8)

 B. HUMAN RESOURCE MANAGEMENT (HRM)

INDUSTRIAL RELATIONS
M. COM.- HRM-401 Credit 3(3+0)
UNIT-I: INTRODUCTION:
Meaning nature & significance of industrial relations, Approaches to industrial relations,
Conditions for good industrial relations, Suggestions to improve industrial relations & industrial
relations in India.

UNIT-II: Industrial Disputes:

Meaning, Forms, causes and results of disputes, Methods for prevention & settlement of
industrial disputes. Authorities for settlement of disputes & Industrial disputes in India.

UNIT-III: Human Relation:

Meaning and approaches, Difference between HR & IR, Importance of HR in maintaining good
industrial relations, Theories of human relations.

UNIT-IV: Employee Discipline:

Concepts, Importance & types of discipline, Arguments against negative discipline, Essentials of
a good disciplinary system, Kinds of punishment,

UNIT-V: Grievance Handling:

Absenteeism its causes and remedial measures, Employees counseling.

References:
1. Industrial Relations & Collective Bargaining- Nirmal Singh & S.K.Bhatia- Deep & Deep
2. Constructive Industrial Relations & Labour Laws- S.K.Bhatia- Deep
3. International Practices in Industrial Relation- S.K.Bhatia- Deep & Deep
 SOCIAL SECURITY AND WELFARE
M. COM.- HRM-402 Credit 3(3+0)
UNIT-I SOCIAL SECURITY
Definition, Components, Evolution and International Standard of social security, Social
security in India, Drawbacks of our social security schemes and major recommendations of
the second NCL on social security.

UNIT-II WAGES & SALARIES

Basic concepts, theory of wages, process of wage payments, Wage (Pay) structure, wage
fixation, Wage incentives plans and national wage policy.

UNIT-III LABOUR WELFARE

Concept, classification and significance of labour welfare, Principles of labour welfare,
Evaluation and growth of labour welfare measures in India, Labour welfare schemes and
constitutional provision regarding labour welfare.

UNIT-IV COLLECTIVE BARGANING

Concept, evaluation, nature scope and types of collective bargaining. Process of collective
bargaining, policies of collective bargaining, benefits of collective bargaining,
conditions/essentials for successful collective bargaining. Laws of collective bargaining and
collective bargaining regarding public and private sector.

UNIT-V WORKERS PARTICIPATION

Meaning origin, growth and objectives of workers participations, factors influencing
participation, Scheme of workers participation and worker participation in management in
India with special reference to Indian industries.

References
1. R. C. Saxena- Labour Welfare
2. Report of ministry of social Justice-2007-08
 HUMAN RESOURCE PLANNING AND DEVELOPMENT
M. COM.- HRM-403 Credit 3(3+0)
UNIT-I: INTRODUCTION: Concept, Importance, Nature and scope of human resource
management, Objectives of HRM, Activities of HRM, Managerial skills and roles.
UNIT-II: Personnel Management: Concept, objectives, Scope and Function. Functions and
Responsibilities of Personnel Manager. Man Power Planning : Concept, Objectives and
Estimation.
UNIT-III: RECRUITMENT AND SELECTION: Recruitment policy, Source of recruitment ,
Methods of recruitment and effectiveness of recruitment programmed.
Selection: Policy and process, Selection tests and interview.
UNIT-IV: PROMOTION AND TRANSFER: Concept of promotion, promotion policy,
promotion plans, promotion programmed and problems in promotion.
Transfer- Meaning, Objectives Types, Policy and programmed.
UNIT-V: Industrial Psychology: Functions, Importance and Basis. Place of Psychology in
Industry. Group Dynamics: Meaning, Goals of the group, classification of group, Essentials of
group formation, Characteristics and advantages of group, Group Cohesiveness: Managing
Group Conflicts.

References-
1. Ashwathapa K- Human Resource Management- Himalaya pub. House
2. Rao VSP- Human Resource Management- Vikas Pub.
3. Ashwathapa- Human Resource Mgt.- Tata Me Grow Hill
4. B.L.Mathur- HRM- Mohit Pub. New Delhi
5. G.S. Batra- Human Resource Mgt. - Deep & Deep
 INTERNATIONAL MARKETING
M. COM.- HRM-404 Credit 3(3+0)
UNIT – I:
International Marketing: Scope and Significance of International Marketing, The importance of
international marketing, Differences between international and domestic marketing International
environment, International Social & culture Environment, the political legal environment and
regulatory environment of international marketing, Technological Environment.
UNIT – II:
International Market Entry Strategies: Indirect Exporting, Domestic Purchasing, Direct
Exporting, Foreign Manufacturing Strategies without Direct Investment, Foreign Manufacturing
Strategies with Direct Investment. Entry Strategies of Indian Firms.
UNIT – III:
International product management: International product positioning, Product saturation Levels
in global Market, International product life cycle, Geographic Expansion–Strategic Alternatives.
New products in Intentional Marketing, Product and culture, brands in International Market.

UNIT – IV:
International Marketing Channels: channels –Distribution Structures, Distribution Patterns,
Factors effecting Choice of Channels, the Challenges in Managing an international Distribution
Strategy Selecting Foreign Country Market intermediaries. The management of physical
distribution of goods, Advertising and Branding, Grey Market goods.
UNIT – V:
Export Marketing: Introduction to Export Marketing, Export Policy Decisions of a firm, EXIM
policy of India. Export costing and pricing, Export procedures and export documentation. Export
assistance and incentives in India.

References:
5. International Business- Batra, Dangwal- Deep & Deep
6. Caleora Graham- International Marketing- Tata Mc Graw Hill
7. Bennet- International Business- Pearson Education
8. Onkvisit Shaw- International Marketing- Prentice Hall India
 EMPLOYMENT ORIENTED PROJECT WORK

M. COM.- HRM-405 Credit 8(0+8)

C. Finance. (FIN)

Security Analysis and Portfolio Management

M. Com FIN 401 Credit 3(0+3)

Unit I- Investment: Concept, objectives and types, Investment and speculation, Factors of Sound
Investment. Financial Markets: Meaning and Types, Investment opportunities available in India.

Unit II- Concept of Return and Risk: Sources and Types of Risk, Measurement of Risk,
Concept of Portfolio Management, Portfolio selection, Markowitz, Model, Capital Assets Pricing
Model.

Unit III- Fundamental Analysis: Economic Analysis, Industry Analysis and Company
Analysis, Technical Analysis: Dow Theory, Elliott wave Theory, Charting, Efficient Market
Hypothesis.

Unit IV- Stock Exchange in India: B.S.E., N.S.E., O.T.C., Interconnected Stock, Exchange
In India, Stock Indices and their computation, SEBI: Their Power and Functions.

Unit V- Emerging Trends in India Capital Market: Depositories and Script less Trading,
Book Building, Stock Lending Scheme, Rolling Settlement, Green Shoe Option, Responsibilities
and code of conduct for portfolio manager.

Suggested Readings:
1. Investment Management
2. Security Analysis and Portfolio Management
3. Security Analysis and Portfolio Management
4. Security Analysis and Portfolio Management
 Strategic Financial Management
M. Com FIN 402 Credit 3(0+3)

Unit I- Leverage Analysis : Concept of Time Value of Money, Financial and Operating
Leverage.

Unit II- Earing Before Interest & Tax (EBIT) : EPS Analysis, Financial Break-Even
level, Indifference level of EBIT, Value of the Firm: Net Income and Net operating Income
Approach, Traditional Approach, MM Hypothesis.

Unit III- Value of Equity and Preference Share, Valuation of debentures.

Unit IV- Dividend Decision : Relevance and Irrelevance of Dividend Policy, Dividend
Policy and Retained Earning, Stability of Dividends, Legal Constraints, Bonus Share.

Unit V- Working Capital Analysis: Concept, Needs and Affecting factors, Methods of
Financing of working capital, Working Capital Monitoring and control. Estimation of working
capital.

Suggested Readings:

1. Strategic Financial Management - G.P. Lakhotia

2. Strategic Financial Management (Hindi) - N.P. Agarwal
 Project Planning Management
M. Com FIN 403 Credit 3(0+3)

Unit I- Project : Meaning, Characteristics and steps, Project Life Cycle, Causes of Project
Failure. Role and qualities of a project Manager Classification of project, Project Identification,
Sources of project ideas, Considerations for initial selection of projects.

Unit II- Project Formulation : Pre-feasibility study, Project Feasibility Analysis: Market
Analysis, Technical Analysis, Financial Analysis, Economic Analysis.

Unit III- Project Finance : Direct Financial Assistance, Bridge Loans, Specific assistance
scheme of Financial Institutions. Project Organization structure, Selection of project manager.
Authority and Responsibilities of a project manager

Unit IV- Project Implementation : Pre-requisites for successful implementation. Project

Management Systems; characteristics, Necessity, Project Management Information System

Unit V- Project Audit : Ex-post project evaluation, Human aspect of project

management, Environment Appraisal of Projects (a brief review).

Suggested Readings:
1. N.P. Agarwal - Project Planning & Management
2. Prasanna Chand - Project Planning & Management
3. Chowdhri S.C - Project Planning & Management
4. Singh Narendra - Project Planning & Management
 Indian Financial System
M. Com FIN 404 Credit 3(0+3)

Unit I- Introduction to Financial System : Components, functions, Nature and Role,

Relationship between financial system and Economic growth.

Unit II- Money Market in India : Meaning, functions, Development of Money Market in
India, Money Market Instruments. Capital Market: Meaning, functions and reforms.

Unit III- Depositories and Custodians : Depository System NSDL, CSDL, Stock Holding
Corporation of India. Derivatives Market, Concept, Benefits and Need. Types of Financial
derivatives, Forward and future contracts, Options, Futures, Types and Benefits.

Unit IV- Credit Rating : Concept and significance, Credit Rating Agencies in India, and
Forfeiting. Factoring.

Unit V- Mutual Funds : Introduction, History, Types, Organization, Regulation over

Mutual Funds, Financial, Objectives of Financial system reforms.

Suggested Readings :
1. Indian Financial System - B. Pathak
2. Indian Financial System - Khan & Jain
 EMPLOYMENT ORIENTED PROJECT WORK
M. Com.- FIN 405 Credit 8(0+8)