.Concept and characteristics of business.
.Business, profession and employment - Meaning and their distinctive features.
.Objectives of business - Economic and social, role of profit in business.
.Classification of business activities: Industry and Commerce.
.Industry - types: primary, secondary, tertiary - Meaning and sub types.
.Commerce - trade: types (internal, external, wholesale and retail; and auxiliaries to trade: banking, insurance, transportation, warehousing, communication, and advertising.
.Business risks - Meaning, nature and causes.

Sole Proprietorship - meaning, features, merits and limitations.
.Partnership - Features, types, merits and limitations of partnership and partners, registration of a partnership firm, partnership deed. Type of partners.
.Hindu Undivided Family Business: features.
.Cooperative Societies- features, types, merits and limitations.
.Company: private and public company -features, merits and limitations.
.Formation of a company- four stages, important document (MOA, AOA, relevances of certificate of incorporation and certificate of commencement.
.Starting a business - Basic factors.

.Private sector and public sector enterprises.
.Forms of public sector enterprises: features, merits and limitations of departmental undertakings, statutory corporation and Government Company.
.Changing role of public sector enterprises.
.Global enterprises, Joint ventures, Public Private Partnership - Features

.Private sector and public sector enterprises.
.Forms of public sector enterprises: features, merits and limitations of departmental undertakings, statutory corporation and Government Company.
.Changing role of public sector enterprises.
.Global enterprises, Joint ventures, Public Private Partnership - Features

.Banking: Types of bank accounts- savings, current, recurring, fixed deposit and multiple option deposit account.
.Banking services with particular reference to issue of bank draft, banker's cheque (pay order), RTGS (Real Time Gross Settlement) NEFT (National Electronic Funds Transfer), bank overdraft, cash credits and e- banking.
.Insurance: principles, concept of life, health, fire and marine insurance.
.Postal and telecom services: mail (UPC, registered post, parcel, speed post and courier) and other services.

.E-business - scope and benefits, resources required for successful e-business implementation, online transactions, payment mechanism, security and safety of business transactions.
.Outsourcing-concept, need and scope of BPO (business process outsourcing) and KPO (knowledge process outsourcing).
.Smart cards and ATM's meaning and utility

.Concept of social responsibility
.Case for social responsibility
.Responsibility towards owners, investors, consumers, employees, government and community
.Environment protection and business

.Concept of business finance
.Owner's funds - equity shares, preference share, GDR, ADR, IDR and retained earnings.
.Borrowed funds: debentures and bonds, loan from financial institution, loans from commercial banks, public deposits, trade credit, ICD (inter corporate deposits).

.Small scale enterprise as defined by MSMED Act 2006 (Micro, Small and Medium Enterprise Development Act).
.Role of small business in India with special reference to rural areas.
.Government schemes and agencies for small scale industries: (National Small Industries Corporation) and DIC (District Industrial Center) with special reference to rural, backward and hilly areas.

.Services rendered by a wholesaler and a retailer
.Types of retail - trade - Itinerant and small scale fixed shops
.Large scale retailers - Departmental stores, chain stores, mail order business
.Concept of automatic vending machine
.Chambers of Commerce and Industry: Basic functions
.Main documents used in internal trade: Performa invoice, invoice, debit note, credit note. LR (Lorry receipt) and RR (Railway Receipt)
.Terms of Trade: COD (Cash on Delivery), FOB (Free on Board), CIF (Cost, Insurance and Freight), E&OE (Errors and Omissions Excepted)

.Meaning, difference between internal trade and external trade: Meaning and characteristics of international trade.
.Problems of international trade: Advantages and disadvantages of international trade
.Export Trade - Meaning, objective and procedure of Export Trade
.Import Trade - Meaning, objective and procedure: Meaning and functions of import trade; purpose and procedure
.Documents involved in International Trade; documents involved in export trade, indent, letter of credit, shipping order, shipping bills, mate's receipt, bill of lading, certificate of origin, consular invoice, documentary bill of exchange (DA/DP), specimen, importance
.World Trade Organization (WTO) meaning and objective

.Management - concept, objectives and importance
.Management as Science, Art and Profession
.Levels of management
.Management functions - planning, organising, staffing, directing and controlling
.Coordination - concept, characteristics and importance

.Principles of Management - concept, nature and significance
.Fayol’s principles of management
.Taylor’s Scientific Management - principles and techniques

.Business Environment - concept and importance
.Dimensions of Business Environment - Economic, Social, Technological, Political and Legal
.Impact of Government policy changes on business with special reference to liberalization, privatization and globalisation in India.

.Concept, importance and limitations
.Planning process
.Single use and Standing Plans - Objectives, Strategy, Policy, Procedure, Method, Rule, Budget and Programme.

.Concept and importance.
.Organizing Process.
.Structure of organization - functional and divisional.
.Formal and informal organization.
.Delegation: concept, elements and importance.
.Decentralization: concept and importance.

.Concept and importance of staffing
.Staffing as a part of Human Resource Management
.Staffing process: Recruitment - sources; Selection - process
.raining and Development - Concept and importance. Methods of training- on the job and off the job- Induction training, vestibule training, apprenticeship training and internship training.

.Concept and importance
.Elements of Directing: - Supervision - concept, functions of a supervisor.; - Motivation - Concept, Maslow’s hierarchy of needs; Financial and non-financial incentives.; - Leadership - concept, styles - authoritative, democratic and laissen faire.; - Communication - concept, formal and informal communication; barriers to effective; communication, how to overcome the barriers.

.Concept, nature and importance
.Relationship between planning and controlling
.Steps in the process of control

.Concept and objectives of financial management.
.Financial decisions : investment, financing and dividend and factors affecting.
.Financial planning - concept and importance.
.Capital Structure - concept and factors affecting.
.Fixed and Working Capital - concept and factors affecting their requirements.

.Financial Markets: concept and types.
.Money market and its instruments.
.Capital market and its types (primary and secondary).
.Stock Exchange - functions and training procedure. Depository Services and D'mat Account.
.Securities and Exchange Board of India (SEBI) - objectives and functions.

.Marketing - concept and functions.
.Marketing management philosophies.
.Marketing Mix - concept
.Product - concept, branding, labeling and packaging. Price - factors determining price.
.Physical distribution- concept, channels of distribution: types, choice of channels.
.Promotion -concept and elements; advertising- concept, role, objections against advertising, personal selling - concept and qualities of a good salesman, sales promotion - concept and techniques, public relations - concept and role.

.Concept and importance of consumer protection.
.Consumer Protection Act 1986
.Meaning of consumer and consumer protection.
.Rights and responsibilities of consumers
.Who can file a complaint and against whom?
.Redressal machinery.
.Remedies available.
.Consumer awareness - Role of consumer organizations and Non-Governmental Organizations (NGOs).

Balance of payments account - meaning and components; balance of payments deficit-meaning.

Foreign exchange rate - meaning of fixed and flexible rates and managed floating.

Determination of exchange rate in a free market.