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Business Economics and Business & Commercial Knowledge

Covers demand & supply, production theory, market structures, business cycles, macroeconomics, and business & commercial knowledge.

Exam Pattern

100
Total Marks
120 min
Duration
Objective (MCQ)
Question Type
422
Total MCQs
0.25
Negative Marking
40%
Passing Marks

Detailed Syllabus

Complete topic-wise breakdown as per ICAI curriculum

1

Introduction to Business Economics

  • •Definition of Economics
  • •Business Economics
  • •Micro vs Macro
  • •Positive vs Normative
  • •Basic Economic Problems
  • •Economic Systems
  • •Opportunity Cost
  • •PPC
  • •Methodology
2

Theory of Demand and Supply

  • •Demand Basics
  • •Law of Demand
  • •Determinants
  • •Movement vs Shift
  • •Price Elasticity
  • •Income Elasticity
  • •Supply Basics
  • •Elasticity of Supply
  • •Market Equilibrium
  • •Surplus
3

Theory of Production and Cost

  • •Production Function
  • •Laws of Production
  • •Cost Concepts
  • •Cost Curves
4

Price Determination in Different Markets

  • •Market Structure
  • •Perfect Competition
  • •Monopoly
  • •Monopolistic Competition
  • •Oligopoly
  • •Comparison
5

Determination of National Income

  • •Phases
  • •Features
  • •Theories
  • •Stabilization
  • •Indicators
  • •Impact
  • •National Income: Introduction
6

Business Cycles

  • •Keynesian Theory
  • •Consumption Function
  • •Saving Function
  • •Multiplier
  • •Gaps
  • •Basic Concepts
  • •Measurement Methods
  • •Nominal vs Real
7

Public Finance

  • •Public Revenue
  • •Types of Taxes
  • •Canons of Taxation
  • •Public Expenditure
  • •Budget
  • •Deficits
  • •Public Debt
  • •Fiscal Policy
  • •Public Finance: Introduction
8

Money Market

  • •Money Basics
  • •Money Supply
  • •Demand for Money
  • •Commercial Banks
  • •Central Bank
  • •Monetary Policy
  • •Policy Stance
  • •Instruments
  • •Policy Instruments
9

International Trade

  • •Basics
  • •Trade Theories
  • •Trade Policy
  • •Balance of Payments
  • •Exchange Rate
  • •Organizations
  • •Foreign Investment
  • •Trade Agreements
10

Indian Economy

  • •Overview
  • •Economic Reforms
  • •Agriculture
  • •Industry
  • •Services
  • •Infrastructure
  • •Foreign Trade
  • •Taxation
  • •Recent Initiatives
  • •Human Development

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