Board of Studies -Financial Markets , University of Mumbai 1 | P a g e
University of Mumbai
Revised Syllabus
of Courses of
B.Com. (Financial Markets)
Programme
Second Year
Semester III and IV
Under Choice Based Credit, Grading and
Semester System
With effe ct from Academic Year - 2017 -2018
Board of Studies -Financial Markets
Board of Studies -Financial Markets , University of Mumbai 2 | P a g e
S.Y.B.Com. (Financial Markets)
(To be implemented from Academic Year - 2017 -2018)
No. of
Courses Semester III Credits No. of
Courses Semester IV Credits
1 Discipline Related
Elective Courses ( DRE) 1 Discipline Related
Elective Courses ( DRE)
1, 2 & 3 *Any three courses from the
following list of the courses 09 1,2 & 3 *Any three courses from the
following list of the courses 09
2 Ability Enhancement Courses (AEC) 2 Ability Enhancement Courses (AEC)
2A Ability Enhancement
Compulsory Course 2A Ability Enhancement
Compulsory Course
4 Business Law -1 03 4 Business Law -2 03
2B Ability Enhancement Elective
Course 2B Ability Enhancement Elective
Course
5 *Any one course from the
following list of courses 02 5 *Any one course from the
following list of courses 02
3 Core Courses (CC) 3 Core Courses (CC)
6 Management Accounting 03 6 Corporate Finance 03
7 Computer Skills – 2 03 7 Business Economics -2 03
Total Credits 20 Total Credits 20
*List of Ability Enhancement Elective courses
(AEEC) Courses
for Semester III (Any One ) *List of Ability Enhancement Elective courses
(AEEC) Courses
for Semester IV (Any One )
1 Foundation Course in Financial Markets
FC III - Money Market 1 Foundation Course in Financial Markets
FC IV - Foreign Exchange Markets
2 Foundation Course –Contemporary Issues - III 2 Foundation Course –Contemporary Issues - IV
3 Foundation course in NSS III 3 Foundation course in NSS IV
4 Foundation Course in NCC III 4 Foundation Course in NCC IV
5 Foundation Course in Physical Education III 5 Foundation Course in Physical Education IV
*List of Discipline Related Elective(DRE) Courses
for Semester III (Any Three) *List of Discipline Related Elective(DRE) Courses
for Semester IV (Any Three)
1 Debt Markets -1 1 Debt Markets -2
2 Equity Markets -1 2 Equity Markets -2
3 Commodities Markets 3 Commodities Derivatives
4 Portfolio Management 4 Merchant Banking
5 Treasury Management 5 Personal Financial Planning
Note: Course/ Subject on Debt Markets and Equity Markets selected in Semester III will continue in
Semester IV
Board of Studies -Financial Markets , University of Mumbai 3 | P a g e
B.Com . (Financial Markets) Programme
Under Choice Based Credit, Grading and Semester System
Course Structure
(To be implemented from Academic Year - 2017-2018)
Semester I II
No. of
Courses Semester I II Credits
1 Discipline Related Elective Courses ( DRE)- Select any three
A Debt Market - 1 03
B Equity Market - 1 03
C Commodities Market 03
D Portfolio Management 03
E Treasury Management 03
2 Ability Enhancement Courses (AEC)
2A Ability Enhancement Compulsory Course (AECC)
4 Business Law - 1 03
2B *Ability Enhancement Elective Courses (AEEC)
5 Any one course from the following list of the courses 02
3 Core Courses (CC)
6 Management Accounting 03
7 Computer Skills -2 03
Total Credits 20
*List of Ability Enhancement Elective Courses (SEC)
for Semester III (Any One)
1 Foundation Course - in Financial Markets - FC III –Money Market
2 Foundation Course –Contemporary Issues - III
3 Foundation Course - NSS – III
4 Foundation Course - NCC – III
5 Foundation Course - Physical Education – III
Board of Studies -Financial Markets , University of Mumbai 4 | P a g e
Revised Syllabus of Courses of B.Com. ( Financial Markets )
Programme at Semester III
with Effect from the Academic Year 201 7-2018
1.Debt Market - 1
Modules at a Glance
Sr.
No. Modules No. of
Lectures
1 Introduction to the debt markets 15
2 Instruments & players in debt markets 15
3 Bonds 15
4 Valuation of bonds 15
Total 60
Board of Studies -Financial Markets , University of Mumbai 5 | P a g e
Sr. No. Modules / Units
1 Introduction to the debt markets
Evolution of Debt Markets in India
Primary market & secondary market
Money market & Debt Market in India
Fundamental features of debt instruments
Regulatory framework in the Indian debt market
2 Instruments & players in debt markets
central government securities: bonds, t -bills, state government bonds,
Open market operations
Securities Trading Corporation of India
Primary dealers in Government Securities
Clearing Corporation of India
3 Bonds
Features of bonds
Types of bonds
Issuers of bonds
Bond ratings - importance & relevance and rating agencies.
4 Valuation of bonds
Determinants of the value of bonds
Bond Mathematics
Yield Curve Analysis
Board of Studies -Financial Markets , University of Mumbai 6 | P a g e
Revised Syllabus of Courses of B.Com. ( Financial Markets )
Programme at Semester III
with Effect from the Academic Year 201 7-2018
2.Equity Markets -1
Modules at a Glance
Sr. No. Modules No. of
Lectures
1 Equity Markets - Introduction 15
2 Primary Market 15
3 Secondary Market 15
4 Importance of Equity Markets in developing
country like India 15
Total 60
Board of Studies -Financial Markets , University of Mumbai 7 | P a g e
Sr. No. Modules / Units
1 Equity Markets - Introduction
• Meaning and Definition of equity shares
• Growth of Corporate Sector and the simultaneous growth in the number
of equity shareholders
• Separation of ownership and management in companies
• Development of equity culture in India - Current position
2 Primary Market
• IPO - Methods followed, Book Building , Offer for sale
• Role of Merchant bankers in fixing the price
• Red – Herring Prospectus – it’s unique features
• ASBA and its features
• Green Shoe option
• Sweat equity, ESOP
• Rights issue of shares, Non voting shares ,ADR, GDR,IDR
3 Secondary Market
• Definition and functions of stock Exchanges
• Evolution and Growth of Stock Exchanges in India
• NSE, BSE, SME Exchanges a nd Overseas Stock Exchanges
• Recent Development in Stock Exchanges, Merger of SEBI with FOMC
• Stock Market Indices
4 Importance of Equity M arkets in developing country like India
• Need for attracting more investors towards equity
• Need for strengthening secondary markets
• Link between Primary Market and Secondary Market
Board of Studies -Financial Markets , University of Mumbai 8 | P a g e
Revised Syllabus of Courses of B.Com. ( Financial Markets )
Programme at Semester III
with Effect from the Academic Year 2017 -2018
3.Commodities Markets
Modules at a Glance
Sr. No. Modules No. of
Lectures
1
Introduction to Commodity Market 15
2
Commodity market in India. 15
3
Commodity Exchanges 15
4
Strengthening Commodity Market in India 15
Total 60
Board of Studies -Financial Markets , University of Mumbai 9 | P a g e
Sr. No. Modules / Units
1 Introduction to Commodity Market
• Emergence of Commodity Market
• Dynamics of global commodity markets
2 Commodity Market in India
• Commodity Exchanges in India
• Role of Information in Commodity Markets
• Linkages between equity markets and commodity markets
• Commodity markets - Logistics and Warehousing
3 Commodity Exchanges
• Function & Role
• Trading & Clearing methods
• Commodity futures
• Commodity Specific Exchanges Vs Multi Commodity Exchanges
4 Strengthening commodity markets in India.
• Role of Government
• Role of Commodity Exchanges
• Other Institutions
• Training & development of Dealers
Board of Studies -Financial Markets , University of Mumbai 10 | P a g e
Revised Syllabus of Courses of B.Com. ( Financial Markets )
Programme at Semester I II
with Effect from the Academic Year 2017 -2018
4. Portfolio Management
Modules at a Glance
Sr.
No. Modules No. of
Lectures
1 Introduction to portfolio management 15
2 Portfolio Management Strategies 15
3 Portfolio Analysis 15
4 Portfolio Revision and performance management 15
Total 60
Board of Studies -Financial Markets , University of Mumbai 11 | P a g e
Sr. No. Modules / Units
1 Introduction to portfolio management
Investment process, Investment categories, defining investment goals and
objectives, Investment constraints
Process of asset allocation, different approaches to allocation decision , overview
of allocation techniques
2 Portfolio Management Strategies
Active strategy, passive strategy, semi active strategy, duration shift and
immunization, efficient market hyp otheses, top down and bottoms up
3 Portfolio Analysis
Analysis: Diversification, portfolio risk and return, single index model, The sharpe
index model, Portfolio Beta
Selection: Markowitz Risk - Return optimization, concept of utility, Sharpe
optimizati on model, Geometric mean model, Safety First model, Stochastic
Dominance Model
4 Portfolio Revision and performance management
Revision: Portfolio rebalancing, portfolio upgrading, Formula plans, constant ratio
plan, variable ratio plan, selection and revision of equity portfolio
Performance measurement : Methods of calculating rate of return, Money
weighted rate of return, Time weighted rate of return, Linked internal rate of
return, Buying the index approach, Sharpe’s - Treynor’s – Jensen’s performance
measure of portfolio
Board of Studies -Financial Markets , University of Mumbai 12 | P a g e
Revised Syllabus of Courses of B.Com. ( Financial Markets )
Programme at Semester III
with Effect from the Academic Year 2017 -2018
5.Treasury Management
Modules at a Glance
Sr.
No. Modules No. of
Lectures
1 Understanding Treasury Management 15
2 Classification of treasury markets and Treasury Services 15
3 Cross currency forwards, present and future value 15
4 Treasury Risk Management 15
Total 60
Board of Studies -Financial Markets , University of Mumbai 13 | P a g e
1 Understanding Treasury Management
Treasury - it’s evolution, importance, ideal treasury department, front office, mid
office and back office
Theories of treasury management
Functions of treasury department
Liquidity management in treasuries
Banking relationship
Credit management
Treasury objectives and approaches
2 Classification of treasury market and Treasury Services
Domestic or National Treasury Market
Forex or International Treasury
Features, products, dimensions, ideal ticket size, regulatory framework
Treasury Services: Bank Treasury, Government Treasury, Corporate Treasury
3 Cross Currency forwards, present and future value
Calculation of premium , discount etc, pre utlisation of contracts
Exchange rate movement - volatility of major currencies
Exchange rate and interest rate arbitrage - NDF Markets
Cross Currency futures
FEDAI Guidelines for merchant quotes
4 Treasury Risk Management
Treasury risk management policy, control and reporting requirements
Open position - day end, day light and overnight position limits - limit orders with
other banks
Mismatch of positions - gap limits - individual and aggregate, stop loss limits, VAR
and Capital positions
Developing risk framework for organization
Board of Studies -Financial Markets , University of Mumbai 14 | P a g e
Revised Syllabus of Courses of B.Com. (Financial Markets)
Progra mme at Semester III
with Effect from the Academic Year 2017 -2018
4.Business Law -1
Modules at a Glance
Sr.
No. Modules No. of
Lectures
1 Indian Contract Act 15
2 Special Contracts 15
3 Sale of Goods Act 15
4 Negotiable Instruments Act 15
Total 60
Board of Studies -Financial Markets , University of Mumbai 15 | P a g e
1 Indian Contract Act
Indian Contract Act 1872
Definitions (S.2): Agreement, kinds of Agreements, Contract - kinds ofcontracts:
Valid, Void, Voidable, Contingent and Quasi Contract and Econtract,distinguish
between Agreement and Contract.
Offer or Proposal - definition, Essentials of Valid proposal or offer, counteroffer,
Standing or open offer, distinguish between offer and invitation to offer,
Acceptance -definition, Essent ials of a valid acceptance, Promise, Communication
of Offer and acceptance and Revocation.
Capacity to contract (Ss.10 -12), Consent and Free Consent (Ss.13 -22)
Consideration (S.2 and 25) and Void Agreements (Ss.24 -30)
2 Special Contracts
Law of Indemnity and Guarantee (Ss.124 -125, Ss -126-129,132 -147)
Law of Bailment and pledge (Ss. (Secs148,152 -154,162, 172,178,178A and
179)
Law of Agency (S. 182 -185& 201 -209only)
3 Sale of Goods Act
Introduction, Definitions (Sec -2), Formalities of the contract of sale (Ss. 4 -
10), Distinction between ‘sale’ and ‘agreement of sell, Distinction between
‘sale and hire -purchase agreement’ Conditions and Warranties (11 -17)
Transfer of property as between the seller and the buyer (sec -18-26)
Rights of an unpa id seller (Secs -45-54)
4 Negotiable Instruments Act
Meaning and Characteristics of Negotiable Instrument, Operational rules of
Evidence –Presumptions, classification of Negotiable Instruments.
Promissory Notes and Bills of Exchange(Ss. 4,5,108 -116)
Essential elements of Promissory Note and Bill of Exchange, Distinguish
Between Promissory note and Bill of Exchange. Acceptor and Acceptance,
definition of Acceptor, Acceptance for honour, Absolute and qualified or
conditional acceptance, Drawer, Drawee in case of Need(Ss.7,115&116)
Payee,Cheques, Types of Cheque and Penalties in case of dishonour of certain
cheques, distinguish between cheque a nd Bill of exchange, (Sec : 6,123 -
131A,138 -147)
Miscellaneous Provisions:(Secs:8 -10,22,99 -102,118 -122,134 -137)Ho lder(S.8),
Holder in Due Course(S.9), Rights and privileges of H.D.C.Payment in due course
(S.10), Maturity of an Instrument (S.22), Noting(S.99), Protest (S.100 -102). Bills in
Set. (Sec.13)
Board of Studies -Financial Markets , University of Mumbai 16 | P a g e
Revised Syllabus of Courses of B.Com. (Financial Markets)
Programme at Semester III
with Effect from the Academic Year 2017 -2018
5.Foundation Course in Financial Markets FC – III-
Money Market
Modules at a Glance
Sr.
No. Modules No. of
Lectures
1 Introduction to Money Markets 15
2 Regulatory framework of Money Market 15
3 Money Market instruments 15
4 Recent Developments in Money markets 15
Total 60
Board of Studies -Financial Markets , University of Mumbai 17 | P a g e
Sr. No. Modules / Units
1 Introduction to money markets
Meaning of Money Market, features of money markets, importance of money
market: Role of Primary dealers in money markets, Development of trade &
industry, Development of capital market , Smooth functioning of commercial
banks, Effective central bank control, Formulat ion of suitable monetary policy,
source of finance to government
2 Regulatory framework of money markets
Regulatory framework of RBI, FIMMDA (Fixed Income, Money Market and
Derivatives Association) and Foreign Exchange Dealers Association of India
(FEDAI) , conDS, NDS -OM
3 Money Market Instruments
Conventional: Treasury bills, Money at call and short notice in the call loan
market, Commercial bills, promissory notes in the bill market.
Modern: Commercial papers, Certificate of deposit, Inter -bank participation
certificates, Repo instrument, Banker's Acceptance .
Money Market mutual fund: meaning, advantages and disadvantages, regulatory
framework for money market mutual funds, various money market funds
operational in Indian market
4 Recent Developments in Money Markets
Recent development in Money Market: Integration of unorganized sec tor with
the organized sector, w idening of call Money market, Introduction of innovative
instrument, Offering of Market rates of interest, Promotion of bill culture, Entry of
Money market mutual funds, Setting up of credit rat ing agencies, Adoption of
suitable monetary policy, Establishment of DFHI, Setting up of security trading
corporation of India ltd. (STCI)
Board of Studies -Financial Markets , University of Mumbai 18 | P a g e
Foundation Course - Contemporary Issues - III
Modules at a Glance
Sr.
No. Modules No. of
Lectures
1 Human Rights Provisions, Violations and Redressal 12
2 Dealing With Environmental Concerns 11
3 Science and Technology I 11
4 Soft Skills for Effective Interpersonal Communication 11
Total 45
Board of Studies -Financial Markets , University of Mumbai 19 | P a g e
Sr. No. Modules / Units
1 Human Rights Violations and Redressal
A. Scheduled Castes - Constitutional and legal rights, Forms of violations,
Redressal mechanisms. (2 Lectures)
B. Scheduled tribes - Constitutional and legal rights, Forms of violations,
Redressal mechanisms. (2 Lectures)
C. Women - Constitutional and legal rights, Forms of violations, Redressal
mechanisms. (2 Lectures)
D. Children - Constitutional and legal rights, Forms of violations, Redressal
mecha nisms. (2 Lectures)
E. People with Disabilities, Minorities, and the Elderly population - Constitutional
and legal rights, Forms of violations, Redressal mechanisms. (4 Le ctures)
2 Dealing With Environmental Concerns
A. Concept of Disaster and general effects of Disasters on human life - physical,
psychological, economic and social effects. (3 Lectures)
B. Some locally relevant case studies of environmental disasters. (2 Lectures)
C. Dealing with Disasters - Factors to be considered in Prevention, Mitigation
(Relief and Rehabilitation) and disaster Preparedness. (3 Lectures)
D. Human Rights issues in addressing disasters - issues related to compensation,
equitable and fair distribution of relief and humanitarian approach to
resettlement and rehabilitation. (3 Lectures)
3 Science and Technology – I
A. Development of Science - the ancient cultures, the Classical era, the Middle
Ages, the Renaissance, the Age of Reason and Enlightenment. (3 Lectures)
B. Nature of science - its principles and characteristics; Science as empirical,
practical, theoretical, validated knowledge. (2 Lectures)
C. Science and Superstition - the role of science in exploding myths, blind beliefs
and prejudices; Science and scientific temper - scientific temper as a
fundamental duty of the Indian citizen. (3 Lectures)
D. Science in everyday life - technology, its meaning and role in development;
Interrelation and distinction between science and technology. (3 Lectures)
4 Soft Skills for Effective Interpersonal Communication
Part A (4 Lectures)
I) Effective Listening - Importance and Features.
II) Verbal and Non -Verbal Communication; Public -Speaking and Presentation
Skills.
III) Barriers to Effective Communication; Importance of Self -Awareness and Body
Language.
Part B (4 Lectures)
I) Formal and Informal Communication - Purpose and Types.
II) Writing Formal Applications, Statement of Purpose (SOP) and Resume.
III) Preparing for Group Discussions, Interviews and Presentations.
Part C (3 Lectures)
I) Leadership Skills and Self -Improvement - Characteristics of Effective
Leadership.
II) Styles of Leadership and Team -Building.
Board of Studies -Financial Markets , University of Mumbai 20 | P a g e
References
1. Asthana, D. K., and Asthana, Meera, Environmental Problems and Solutions , S.
Chand, New Delhi, 2012.
2. Bajpai, Asha, Child Rights in India , Oxford University Press, New Delhi, 2010.
3. Bhatnagar Mamta and Bhatnagar Nitin, Effective Communication and Soft Skills ,
Pearson India, New Delhi, 2011.
4. G Subba Rao, Writing Skills for Civil Services Examination, Access Publishing, New
Delhi, 2014
5. Kaushal, Rachana, Women and Human Rights in India , Kaveri Books, New Delhi,
2000.
6. Mohapatra, Gaur Krishna Das, Environmental Ecology , Vikas, Noida, 2008.
7. Motilal, Shashi, and Nanda, Bijoy Lakshmi, Human Rights: Gender and Environment ,
Allied Publishers, New Delhi, 2007.
8. Murthy, D. B. N., Disaster Management: Text and Case S tudies , Deep and Deep
Publications, New Delhi, 2013.
9. Parsuraman, S., and Unnikrishnan, ed., India Disasters Report II , Oxford, New Delhi,
2013
10. Reza, B. K., Disaster Management , Global Publications, New Delhi, 2010.
11. Sathe, Satyaranjan P., Judicial Activism in India , Oxford University Press, New Delhi,
2003.
12. Singh, Ashok Kumar, Science and Technology for Civil Service Examination , Tata
McGraw Hill, New Delhi, 2012.
13. Thorpe, Edgar, General Studies Paper I Volume V , Pearson, New Delhi, 2017.
Board of Studies -Financial Markets , University of Mumbai 21 | P a g e
Projects / Assi gnments (for Internal Assessment)
i. Projects/Assignments should be drawn for the component on Internal Assessment
from the topics in Module 1 to Module 4 .
ii. Students should be given a list of possible topics - at least 3 from each Module at the
beginning of the semester.
iii. The Project/Assignment can take the form of Street -Plays / Power -Point Presentations
/ Poster Exhibitions and similar other modes of presentation appropriate to the topic.
iv. Students can work in groups of not more than 8 per topic.
v. Students must submit a h ard / soft copy of the Project / Assignment before appearing
for the semester end examination.
QUESTION PAPER PATTERN (Semester III)
The Question Paper Pattern for Semester End Examination shall be as follows:
TOTAL MARKS: 75 DURATION: 150 MINUTES
QUESTION
NUMBER DESCRIPTION MARKS ASSIGNED
1 i. Question 1 A will be asked on the meaning /
definition of concepts / terms from all
Modules.
ii. Question 1 B will be asked on the topic of the
Project / Assignment done by the student
during the Semester
iii. In all 8 Questions will be asked out of which 5
have to be attempted. a) Total marks: 15
b) For 1 A, there
will be 3 marks
for each sub -
question.
c) For 1 B there will
be 15 marks
without any
break -up.
2 Descriptive Question with internal option (A or B)
on Module 1 15
3 Descriptive Question with internal option (A or B)
on Module 2 15
4 Descriptive Question with internal option (A or B)
on Module 3 15
5 Descriptive Question with internal option (A or B )
on Module 4 15
Board of Studies -Financial Markets , University of Mumbai 22 | P a g e
5. 2 Foundation Course National Service Scheme Studies (NSS S)
National Service Scheme Studies Paper -III
Modules at a Glance
Sr.
No. Modules No of
Lectures
1 Value System & Gender sensitivity 12
2 Disaster preparedness & Disaster management 10
3 Health, hygiene & Diseases 13
4 Environment & Energy conservation 10
Total 45
Board of Studies -Financial Markets , University of Mumbai 23 | P a g e
Sr. No. Modules / Units
1 Value System & Gender sensitivity
UNIT - I – Value System
Meaning of value, T ypes of values - human values and social responsibilities -
Indian value system - the concepts and its features
UNIT - II - Gender sensitivity and woman empowerment
Concept of gender - causes behind gender related problems - measures
Meaning of woman empowerment - schemes for woman empowerment in India
2 Disaster preparedness & Disaster management
UNIT - I - Basics of Disaster preparedness
Disaster - its meaning and types
Disaster preparedness - its meaning and methods
UNIT - II - Disaster management
Disaster management - concept - disaster cycle - role of technology in disaster
response - role of as first responder – the study of ‘Avhan’ Model
3 Health, hygiene & Diseases
UNIT - I - Health and hygiene
Concept of complete health and maintenance of hygiene
UNIT - II - Diseases and disorders - preventive campaigning
Diseases and disorders - preventive campaigning in Malaria, Tuberculosis, Dengue,
Cancer, HIV/AIDS, Diabetes
4 Environment & Energy conservation
UNIT - I Environment and Environment enrichment program
Environment - meaning, f eatures , issues, conservation of natural resources and
sustainability in environment
UNIT - II Energy and Energy conservation program
Energy - the c oncept , features - conventional and non - conventional energy
Energy conservation - the meaning and importance
Board of Studies -Financial Markets , University of Mumbai 24 | P a g e
I
5.3 Foundation Course of NCC
NCC Paper -III
Modules at a Glance
Sr.
No. Modules No of
Lectures
1 National Integration & Awareness 10
2 Drill: Foot Drill 10
3 Adventure Training and Environment Awareness and
Conservation 05
4 Personality Development and Leadership 10
5 Specialized subject (ARMY) 10
Total 45
Board of Studies -Financial Markets , University of Mumbai 25 | P a g e
Sr. No. Modules / Units
1 National Integration & Awareness
Desired outcome: The students will display sense of patriotism, secular values and
shall be transformed into motivated youth who will contribute towards nation
building through national unity and social cohesion.
The students shall enrich themselves about the history of our beloved country and
will look forward for the solutions based on strengths to the challenges to the
country for its development.
Freedom Struggle and nationalist movement in India.
National interests, Objectives, Threats and Opportunities.
Problem s/ Challenges of National Integration.
Unity in Diversity
2 Drill: Foot Drill
Desired outcome : The students will demonstrate the sense of discipline, improve
bearing, smartness, turnout, develop the quality of immediate and implicit
obedience of orders, with good reflexes.
Side pace, pace forward and to the rear
Turning on the march and whiling
Saluting on the march
Marking time, forward march and halt in quick time
Changing step
Formation of squad and squad drill
3 Adventure Training, Environment Awareness and Conservation
3A Adventure Training
Desired outcome: The students will overcome fear & inculcate within them the
sense of adventure, sportsmanship, espirit -d-corp and develop confidence,
courage, determination, diligence and quest for excellence.
Any Two such as – Obstacle course, Slithering, Trekking, Cycling, Rock Climbing,
Para Sailing, Sailing, Scuba Diving etc.
3B Environment Awareness and Conservation
Desired outcome: The student will be made aware of the modern techniques of
waste management and pollution control.
Waste management
Pollution control, water, Air, Noise and Soil
4 Personality Development and Leadership
Desired outcome : The student will inculcate officer like qualities with desired
ability to take right decisions.
Time management
Effect of Leadership with historical examples
Interview Skills
Conflict Motives - Resolution
Sr. No. Modules / Units
5 Specialized Subject: Army Or Navy Or Air
Army
Board of Studies -Financial Markets , University of Mumbai 26 | P a g e
Desired outcome: It will acquaint, expose & provide knowledge about Army/
Navy/ Air force and to acquire information about expanse of Armed Forces
,service subjects and important battles
A. Armed Force
Task and Role of Fighting Arms
Modes of Entry to Army
Honors and Awards
B. Introduction to Infantry and weapons and equipments
Characteristics of 5.56mm INSAS Rifle, Ammunition, Fire power, Stripping,
Assembling and Cleaning
Organization of Infantry Battalion.
C. Military history
Study of battles of Indo -Pak War 1965,1971 and Kargil
War Movies
D. Communicati on
Characteristics of Walkie -Talkies
Basic RT Procedure
Latest trends and Development (Multi Media, Video Conferencing, IT)
OR
Navy
A. Naval orientation and service subjects
Organization of Ship - Introduction on Onboard Organization
Naval Customs and Traditions
Mode of Entry into Indian Navy
Branches of the Navy and their functions
Naval Campaign (Battle of Atlantic, Pearl Harbour, Falkland War/Fleet
Review/ PFR/ IFR)s
B. Ship and Boat Modelling
Types of Models
Introduction of Ship Model - Competition Type s of Model Prepare in NSC
and RDC
Care and handling of power -tools used - maintenance and purpose of tools
Board of Studies -Financial Markets , University of Mumbai 27 | P a g e
Sr. No. Modules / Units
C. Search and Rescue
Role of Indian Coast Guard related to SAR
D. Swimming
Floating and Breathing Techniques - Precautions while Swimming
OR
AIR
A. General Service Knowledge
Organization Of Air Force
Branches of the IAF.
B. Principles of Flight
Venturi Effect
Aerofoil
Forces on an Aircraft
Lift and Drag
C. Airmanship
ATC/RT Procedures
Aviation Medicine
D. Aero - Engines
Types of Engines
Piston Engines
Jet Engines
Turboprop Engines
Board of Studies -Financial Markets , University of Mumbai 28 | P a g e
5.4 Foundation Course of Physical Education
with Effect from the Academic Year 2017 -2018
Physical Education Paper -III
Modules at a Glance
Sr.
No. Modules No of
Lectures
1 Overview of Nutrition 10
2 Evaluation of Health, Fitness and Wellness 10
3 Prevention and Care of Exercise Injuries 10
4 Sports Training 15
Total 45
Board of Studies -Financial Markets , University of Mumbai 29 | P a g e
Sr. No. Modules / Units
1 Overview of Nutrition
Introduction to nutrition & its principles
Role of Nutrition in promotion of health
Dietary Guidelines for Good Health
Regulation of water in body and factors influencing body temperature.
2 Evaluation of Health, Fitness and Wellness
Meaning & Concept of holistic health
Evaluating Personal health -basic parameters
Evaluating Fitness Activities – Walking & Jogging
Myths & misconceptions of Personal fitness
3 Prevention and Care of Exercise Injuries
Types of Exercise Injuries
First Aid - Importance & application in Exercise Injuries
Management of Soft tissues injuries
Management of bone injuries
4 Sports Training
Definition, aims & objectives of Sports training
Importance of Sports training
Principles of Sports training
Drug abuse & its effects
Board of Studies -Financial Markets , University of Mumbai 30 | P a g e
INTERNAL ASSESSMENT (PRACTICUM)
(25 Marks)
SEMESTER –III
(Continuous Evaluation during practical sessions conducted for 27 hours)
a. A learner willing to participate in inter -collegiate/ inter university competitions of any game
and sports conducted by the University of Mumbai will be eval uated for 15 marks on the
basis of his attendance, sincerity and performance during the training / practice / coaching
sessions / camps conducted by the college/University for at least 10 days. It is expected
that the colleges should organize training / practice / coaching sessions / camps of various
games and sports as per the choice of the learner. However, due to unavailability of the
same in his / her college if a learner participates in the training / practice / coaching sessions
/ camps organized b y other organizations or clubs of sports and games, may be considered
for evaluation for 15 marks on the basis of the proofs of attendance and participation
submitted by a learner.
b. A learner will be t aught the following yogic practices by conducting practicals for at least 10
sessions (one hour each) and will be assessed by the concern teacher for marks out of 10 on
the basis of his attendance, sincerity and performance.
Yogic Practices : - Shirshasana, Sarvangasana, Matsyasana, Halasana,Bhujangas ana,
Shalbhasana, Dhanurasana, Ardhamatsendrasana, Pashchimotanasana, Mayurasana,
Shavasana,Yoga Mudra & Uddiyan Bandh, Nauli, Kapalbhati, Ujjayyi Pranayam, Bhastrika,
Omkar and Dhyana.
(Note: - The above yoga practical sessions should be conducted in a such way that every
learner must realize its effect s as well as should make it as a part of his/her life
style ).
Board of Studies -Financial Markets , University of Mumbai 31 | P a g e
Revised Syllabus of Courses of B.Com. ( Financial Markets )
Programme at Semester I II
with Effect f rom the Academic Year 2017 -2018
6.Management Accounting
Modules at a Glance
Sr.
No. Modules No. of
Lectures
1 Introduction to Management Accounting 5
2 Analysis and Interpretation of Accounts 15
3 Ratio analysis and interpretation based on Vertical
Financial Statements 15
4 Cash Flow statement s 15
5 Working Capital concept 10
Total 60
Board of Studies -Financial Markets , University of Mumbai 32 | P a g e
Sr. No. Modules / Units
1 Introduction to Management Accounting
Meaning, nature, scope and functions of Management accounting - Role of
Management Accounting in decision making - Management accounting and
Financial Accounting
2 Analysis and interpretation of Accounts
V Vertical form of Balance sheet and Profit & Loss account suitable for analysis
Tr Trend Analysis
Comparative Statements
Common size statement
Simple problems based on the above
3 Ratio analysis and interpretation based on Vertical financial Statements as
above
a) Balance sheet Ratios
Current Ratio
Liquid Ratio
Stock Working capital Ratio
Proprietary Ratio
Debt Equity Ratio
Capital Gearing Ratio
b) Revenue Statement Ratios
Gross Profit Ratio
Expenses Ratio
Operating Ratio
Net Profit Ratio
Stock Turnover Ratio
c) Combined Ratios
Return on Capital Employed (including long term borrowings)
Return on Proprietor’s Fund (shareholders’ fund and P reference Capital)
Return on Equity Capital
Dividend Payout Ratio
Debt Service coverage Ratio
Debtors Turnover Ratio
Creditors Turnover Ratio
4 Cash flow Statements
Preparation of cash flow statements with reference to Accounting Standard No 3
– Indirect Method Only
5 Working Capital - Concept
Estimation of working capital requirements in case of trading and manufacturing
organisations
Board of Studies -Financial Markets , University of Mumbai 33 | P a g e
Revised Syllabus of Courses of B.Com. ( Financial Markets )
Programme at Semester I II
with Effect from the Academic Year 2017 -2018
7.Computer Skill -2
Modules at a Glance
Sr.
No. Modules No. of
Lectures
1 Advanced Spread sheet 15 + 5
practical
2 Data Based Management systems 15 + 5
practical
3 Modern E Business Software systems 10
4 Other Emerging Technologies 10
Note: The syllabus for computer skills does not
prescribe any particular product. College may opt for
any suitable software which may be paid, subscribed or
may be an open source free software
Board of Studies -Financial Markets , University of Mumbai 34 | P a g e
Sr. No. Modules / Units
1 Advanced Spreadsheet
Pivot, Advanced formulae, Lookups, Macros, Working with other programmes,
Inserting a spreadsheet sheet in word document, modifying an inserted
spreadsheet, Inserting a linked chart in a Word Document, Inserting graphic in a
spreadsheet
2 Data Based Management Systems
Concepts, Tables, Fields, D atatypes
RDBMS
Primary Key, Foreign Key
3 Modern E Business Software Systems
Introduction :
Enterprise Resource Planning – ERP
Supply chain Management - SCM
Customer Relationship Management - CRM
Sales Force Automation - SFA
4 Other emerging technologies
Online trading software
Net-banking
Online banking software
Board of Studies -Financial Markets , University of Mumbai 35 | P a g e
B.Com . (Financial Markets) Programme
Under Choice Based Credit, Grading and Semester System
Course Structure
(To be impl emented from Academic Year - 2017 -2018 )
Semester I V
No. of
Courses Semester I V Credits
1 Discipline Elective Courses (EC) - Select any three
A Debt Markets -2 03
B Equity Markets -2 03
C Commodities Derivatives 03
D Merchant Banking 03
E Personal Financial Planning 03
2 Ability Enhancement Courses (AEC)
2A Ability Enhancement Compulsory Course (AECC)
4 Business Law - 2 03
2B *Ability Enhancement Elective Courses (AEEC)
5 Any one course from the following list of the courses 02
3 Core Courses (CC)
6 Corporate Finance 03
7 Business Economics - 2 03
Total Credits 20
*List of Ability Enhancement Elective courses ( AEEC) Courses
for Semester IV (Any One )
1 Foundation Course in Financial Markets FC IV - Foreign Exchange Markets
2 Foundation Course – Contemporary Issues - IV
3 Foundation course in NSS IV
4 Foundation Course in NCC IV
5 Foundation Course in Physical Education IV
Board of Studies -Financial Markets , University of Mumbai 36 | P a g e
Revised Syllabus of Courses of B.Com. ( Financial Markets )
Programme at Semester IV
with Effect from the Academic Year 201 7-2018
1.Debt Markets -2
Modules at a Glance
Sr.
No. Modules No. of
Lectures
1 Basic Concepts and Fixed Income Mathematics 15
2 Pricing of Fixed Income Securities 15
3 Tracking Fixed Income Markets 15
4 Portfolio Management - Fixed Income 15
Total 60
Board of Studies -Financial Markets , University of Mumbai 37 | P a g e
Sr. No. Modules / Units
1 Basic Concepts of Fixed Income Securities
a) Features of Fixed Income Securities
b) Risk and Return Analysis in Fixed Income Securities
c) Type of Fixed Income Securities including hybrid instruments
2 Pricing of Fixed Income Securities
a) Valuation of fixed income securities including embedded option
b) Duration and Convexity
i. Duration
ii. Convexity including modified and Maculay Duration
c) Price value of basis points (PVBP)
d) Spot Rate
e) Forward rate
f) Bootstrapping
3 Tracking Fixed Income Markets
a) Tracking bond markets
b) The bond traders arsenal of economic indicators
i. Inflation
ii. Monetary policy
iii. Government deficits
iv. Currency valuation
c) The subprime crisis and the role of debt markets in the crisis – Then and now
4 Portfolio Management - Fixed Income
a) Fixed Income Portfolio Management - Domestic and International
b) Bond portfolio management strategies
i. Wha t is a bond portfolio strategy
ii. Types of bond management strategy
iii. Active, passive, neutral strateg y
Board of Studies -Financial Markets , University of Mumbai 38 | P a g e
Revised Syllabus of Courses of B.Com. ( Financial Markets )
Programme at Semester IV
with Effect from the Academic Year 201 7-2018
2. Equity Markets -2
Modules at a Glance
Sr.
No. Modules No. of
Lectures
1 Developments in the Indian Equity Market 15
2 Valuation of Equities 15
3 Statistical Analysis of Share price movement 15
4 Dealings in Stock Exchanges 15
Total 60
Board of Studies -Financial Markets , University of Mumbai 39 | P a g e
Sr. No. Modules / Units
1 Developments in the Indian Equity Market
i. Domestic savings & investments
ii. Disinvestments, FDI & Foreign Portfolio Investment (FPI)
iii. Role of Retail Investors
iv. Share Price & Share Price Volatility
v. Role of SEBI
2 Valuation of Equities
i. Factors affecting Share Prices
ii. Balance sheet valuation
iii. Dividend discount model (zero growth, constant growth & multiple
growth)
iv. Price earning model
v. Fundamental Analysis - Economy, Industry and Company Model
vi. Macro Economic factors
vii. Market related factors
3 Statistical Analysis of Share price movement
i. Efficient Market Hypothesis
ii. Stochastic Models
iii. Brownian Motion
iv. BETA
4 Dealings in Stock Exchanges
i. Role of Brokers
ii. Stock Market Quotations
iii. Procedure for buying & selling
iv. BOLT - On Line Trading/ NEAT System
v. Clearing & Settlement
vi. Order Matching
Board of Studies -Financial Markets , University of Mumbai 40 | P a g e
Revised Syllabus of Courses of B.Com. ( Financial Markets )
Programme at Semester IV
with Effect from the Academic Year 201 7-2018
3. Commodities Derivatives
Modules at a Glance
Sr.
No. Modules No. of
Lectures
1 Introduction of Derivatives 15
2 Pricing commodity derivatives 15
3 Trading : Basic Concepts 15
4 Regulatory Framework 15
Total 60
Board of Studies -Financial Markets , University of Mumbai 41 | P a g e
Sr. No. Modules / Units
1 Introduction of Derivatives
Derivatives definition, Types of derivatives, Products, Participants and
Functions, Exchange traded vs. OTC Derivatives -How Commodity Derivatives
differ from financial Derivatives - Warehousing, Quantity of underlying assets,
Global Commodit y Exchange s, Commod ity Exchange s in India, C ommodities
permitted for t rading, K abra committee Report, Commodity specific issues -
Cropping and G rowth patterns, Global Domestic demand -supply dynamics,
Price trends and Factors that influence prices,
2 Pricing commodity derivatives
Investment assets vs. Consumption assets -The Cost of Carry Model - Pricing
futures contracts on investment commodities -Pricing futures contracts on
consumption commodities -The futures basics - Concept of Hedging ,
Speculation , Arbitrage
3 Trading: Basic Concepts
Basic concepts such as Margins, Circuit filters - delivery norms – Contracts
specifications, Trading system, and Entities in the trading system, T rader
workstation, Order types and conditions, Exposure limits, Commodities to be
traded: Types of commodities: Bullion (silver and Go ld), Agricultural commodities.
Clearing, settlement and Risk Management: Calendar and S ettlement schedule,
Position determination, Settlement mechanism, D aily mark to market settlement,
Settlement price - Daily settlement price, Final settlement price, Mar gining - Initial
margin, Daily mark to Market margin, Open interest limits, Second line of Defense ,
NSCCL span. Final Settlement: Cash settlement, P hysical settlement (warehousing)
Exception handling: Funds shortages, Delivery shortages .
4 Regulatory Framework
Rules governing Commodity derivatives -Derivatives Exchange, Rules Governing
Intermediaries, Investor Grievances, Arbitration Rules.
Board of Studies -Financial Markets , University of Mumbai 42 | P a g e
Revised Syllabus of Courses of B.Com. (Financial Markets )
Programme at Semester IV
with Ef fect from the Academic Year 201 7-2018
4. Merchant Banking
Modules at a Glance
Sr.
No. Modules No. of
Lectures
1 Introduction to Merchant Banking 15
2 Initial Public Offering (IPO) 15
3 Issue of DRs, ADRs and CPs 15
4 Issue of Bond and Debentures 15
Total 60
Board of Studies -Financial Markets , University of Mumbai 43 | P a g e
Sr. No. Modules / Units
1 Introduction to Merchant Banking
Introduction to Merchant banking, Importance, need, functions, Merchant
banking services - Project counselling , Loan syndication and Corporate
counselling ; Pre -issue merchant banking activities - Obtaining stock exchange
approvals, action as per SEBI guide lines, Finalizing the appointments with -
manager/advisers, Underwriters, Brokers, Bankers, Advertising agency,
Drafting and approval of prospectus; Post -issue merchant banking activ ities –
Issue subscription, Allotment of shares, Refunds, Periodical reports to SEBI.
2 Initial Public Offering (IPO)
Initial Public Offering - Issuance Process, Role of registrar, SEBI guidelines for
IPO eligibility, IPO grading, Draft Red Herring Prospectus (DRHP), Listing
agreement, Pricing the issue, Book building process, Allotment; SEBI
Guidelines in Drafting the Offer Document; Pre and Post launch activities in
IPO, SEBI Guidelines on QIP, Rights and Bond Issues
3 Issue of DRs, ADRs and CPs
Types and Process of Issuing of Depository Receipts (DRs) - American
Depository Receipts (ADRs), Global Depository Receipts (GDRs), European
Depository Receipts (EDRs), Indian Depository Receipts (IDRs), ADR structure
and norms, Indian Depository Receipts (IDRs) and Guidelines; Procedure for
issue of Commercial Paper – Credit Rating, Redemption process.
4 Issue of Bond and Debentures
Procedure for Issue of Bond and Debentures, Foreign currency convertible
bonds
Board of Studies -Financial Markets , University of Mumbai 44 | P a g e
Revised Syllabus of Courses of B.Com. ( Financial Markets )
Programme at Semester IV
with Effect from the Academic Year 201 7-2018
5. Personal Financial Planning
Modules at a Glance
Sr.
No. Modules No. of
Lectures
1 Personal Financial Planning Process 15
2 Personal Financial Statement Analysis 15
3 Financial Mathematics 15
4 Investor Psychology 15
Total 60
Board of Studies -Financial Markets , University of Mumbai 45 | P a g e
Sr. No Modules /Units
1 Personal Financial Planning Process
i. Establish and Define the Relationship with the Client
ii. Collect Client’s Information
iii. Analyse client’s financial status, Risk Profile and Determine Financial Goals
iv. Develop Financial Planning Recommendations and Present them to the
Client
v. Implement Client’s Financial Planning Recommendations
vi. Monitor and Review the Client’s Situation
2 Personal Financial Stat ement Analysis
i. Cash inflows and outflows – Cash Management
ii. Income and expenditure statement
iii. Budgeting and forecasting
iv. Monitoring budgets and provisions for savings
v. Personal Balance sheet and Net Worth
3 Financial Mathematics
i. Calculation of R eturns -Nominal Rate of Return, Effective Rate of Return,
Internal Rate of Return, and Compounded Annual Growth rate (CAGR), Real
Rate of Return, Rate of Return after adjusting taxes, Analysis of Return.
ii. Time value of money
iii. Loan Calculations
iv. Total Asset, Net Wort h and Financial Ratios
4 Investor Psychology
i. Value investing and Behaviour al Finance
ii. Role of emotions in finance decision making –Common errors
iii. Skewness of Asset Allocation due to cultural or historical bias
iv. Basic investment style and its drawbacks
Board of Studies -Financial Markets , University of Mumbai 46 | P a g e
Revised Syllabus of Courses of B.Com. (Financial Markets)
Programme at Semester I V
with Effect from the Academic Year 2017 -2018
4. Business Law - 2
Modules at a Glance
Sr.
No. Modules No. of
Lectures
1 Indian Companies Act, 2013 15
2 Intellectual Property Rights, Copyrights and trade marks 15
3 Indian Partnership Act, 1932 and Limited Liability
Partnership, 2008 15
4 Securities Contract Regulation Act and SEBI 15
Total 60
Board of Studies -Financial Markets , University of Mumbai 47 | P a g e
Sr. No. Modules / Units
1 Indian Companies Act, 2013
a) Company and its formation :
Definition and Nature of Company, Advantages and Disadvantages of a
Company, Lifting of Corporate Veil with cases, Promoters and preliminary
contrac ts(S.92 -93), Types of Companies (Meaning and Concepts Only) ,
Chartered Companies Statutory Companies, Registered companies under
the Act. OPC (S. 3(1)), Companies limited by shares, Companies Limited by
guarantee, Private Company, Public Company, Producer Companies
(Sec581 A to 581 Z -), Formation of Companies with charitable objects (Sec.
8), Holding Company and Subsidiary company, Small Company (S. 2(85)) ,
Dormant Company (S.455) , Documents and procedure for Incorporation of
Company, Effect of Incorporation.(S.9)
b) Membership of a company :
Who can become member, Modes of acqui ring membership, Cessation of
members hip, Rights and Liabilities of m embers.
c) Memorandum of Association and Articles of Association :
Meaning , Concept, Clauses, effects of Memorandum and articles, Doctrine
of Ultra Vires, Doctrine of Indoor Management, and Doctrine of
Constructive Notice.
d) Prospectus.
Meaning (S.2) , When to be issued, When not required, Various kinds of
prospectus, Legal framework for issuance of Prospectus, Contents of
Prospectus, Private Placements .
e) Classification of Directors, Women direct ors, Independent D irector, Small
shareholder’s director, D isqualification of a director, Director Identification
Number , appointment, Legal position, Powers and D uties, Position of
director as key Managerial Personnel, Managing D irector, manager.
f) Meetings :
Various types of meet ing of shareholders and board, Convening and
Conduct of meetings, Postal Ballot, Meetings through Video C onferencing,
E-voting.
2 Intellectual Property Rights, Copyrights and trade marks
a) Intellectual Property rights in India Introduction and Types
b) Patents - Meaning, Salient features of Patent Conditions for an invention to
be patented, W hat is Patentable, What is not patentable? Procedure for
Obtaining a Patent, Opposition to Grant of Patent (S. 25, 26) , Term of
Patent, How do es a patent expire? , Remedies available to the Patent
Owner for Infringement of Patent Rights.
c) Copyrights -Meaning (S. 14) Copy right Board and registration of Copy right
(S. 11, S.44 -50), Term of Copy right (S. 22 -29), W hat works are protected,
rights, Who owns the Rights and Duration, Meaning of Fair use ,
Infringement of Copy rights and remedies (S. 51 -55,57,58,63,64,65) .
d) Trade - marks, Meaning - Concept, functions of Trade mark, Types of Trade
Marks, Trademarks that cannot be registered , Registration of Trade Mark,
Procedure for Registration of TM, Infringement and remedies, P assing off,
Service Marks.
Board of Studies -Financial Markets , University of Mumbai 48 | P a g e
3 Indian Partnership Act, 1932 and Limited Liability Partnership, 2008
a) Indian Partnership Act, 1932 (Sections,4,5,6,7,8,14 & 39 -55) :
Definition, Essentials, Types of Partnerships and Types of Partners Test of
partnership, and Sharing of profits is not the real test of partnership
(Sec6), Partnership deed, and P roperty of the Firm,
b) Reconstitution of Partnership firms, Dissolution of the firm. Limited
Liability Partnership, 2008 :
Definitions (S.2), Body Corporate, Business, Partner -Concept, Salient
features, Nature of LLP (Ss -3-10)Distinction between LLP and partnership,
and LLP and LLP and Company Extent and limitation of liability of LLP and
its partners (Ss. 26 -31) , Conversion to LLP (Ss. 55 -58), Winding up and
Dissolution of the LLP (Ss . 63-65)
4 Securities Contract Regulation Act and SEBI
a) Securities contract Regulation Act 1956
Terms -Recognition of stock exchange -Listing Agreement -Delisting -Security
Appellate Tribunal -Cancellation of recognition - bye laws - types of
contracts. Securitization & Reconstruction of Financial Assets and
Enforcement of Security Interest Act(SARFAESI) 2002 : Objectives -Terms -
process -registration -acquisition -assets reconstruction -takeover
management -offences and penalties -authorities .
b) Security Exchange Board o f India
SEBI : Objectives -terms -establishment -powers -functions -accounts and
audit -penalties -registration.
Issues of Disclosure Investors Protection Guidelines: Pre & Post
obligations -conditions for issue -Debt Security -IPO-E-ipo-Employee
option -right -bonus -preferential allotment - intermediary -operational -
promoter lock in period requirements -offer document
Board of Studies -Financial Markets , University of Mumbai 49 | P a g e
Revised Syllabus of Courses of B.Com. (Financial Markets)
Programme at Semester I V
with Effect from the Academic Year 2017 -2018
5. Foundation Course in Financial Markets FC IV –
Foreign Exchange Markets
Modules at a Glance
Sr.
No. Modules No. of
Lectures
1 Foreign Exchange Market: An Introduction 15
2 Introduction to Indian Foreign Exchange Market 15
3 Operational Aspects of foreign exchange market and
foreign exchange contracts 15
4 Foreign Exchange Arithmetic and Risk Management 15
Total 60
Board of Studies -Financial Markets , University of Mumbai 50 | P a g e
Sr. No. Modules / Units
1 Foreign Exchange Market: An Introduction
FOREX trading volume, F OREX trading locations, Details about major traded
currencies, Evolution of foreign exchange ,Market and Foreign Exchange System
Market Participants: Banks and Financial Institutions, Merchants, other customers,
speculators and hedgers, Central Bank,
Forex dealers and market makers and brokers, FOREX – trading and SWIFT Robots
2 Introduction to Indian Foreign Exchange Market
FOREX market in India: A historical perspective FERA Vs. FEMA, Pre -liberalization
Exchange Rate Regime in India and Hawala market, Brief introduction to currency
convertibility in current and Capital account.
3 Operational aspects of foreign exchange market and foreign exchange contracts
a) Floating Rate, Currency Boards &Currency Basket Systems, Brief review on
various exchange rate regime, Advantages of free and Fixed Exchange Rate
regime, Pros & Cons of managed floating exchange rate regime, Prevalence
of Currency Boards Regime, Practice of Currency Basket Regime.
b) Foreign Exchange Contracts: Spot and Forward Contracts Cash, Spot
trading Trade Date, Settlement PR date Spot trading roll over mechanism.
Foreign Exchange Forward contracts, Fixed Maturity Contract, Partially
Optional Contract, Fully Optional Contract, Non -Delivery Forward
Contracts, Foreign Exchange Futures Contract ,Different Dimensions of
Foreign Ex change Future, Contract specification trading at National Stock
Exchange of India.
4 Foreign Exchange Arithmetic and Risk Management
Types of Exchange Rates
Direct Rate, Indirect Rate and Cross Rate
Arbitrage - Geographical and triangular
Interest Rate - spot Contracts, forward contracts and SWAP Points
Risk Management in Foreign Exchange Market - Need and importance of foreign
exchange management methods adopted (Spot and forward, arbitrage, cross
currency deals, SWAPS, options and futures
Board of Studies -Financial Markets , University of Mumbai 51 | P a g e
Revised Syllabus of Courses of B.Com. (Financial Markets)
Programme at Semester I V
with Effect from the Academic Year 2017 -2018
Board of Studies -Financial Markets , University of Mumbai 52 | P a g e
Foundation Course - Contemporary Issues - IV
Modules at a Glance
Sr.
No. Modules No. of
Lectures
1 Significant, Contemporary Rights of Citizens 12
2 Approaches to understanding Ecology 11
3 Science and Technology –II 11
4 Introduction to Competitive Exams 11
Total 45
Board of Studies -Financial Markets , University of Mumbai 53 | P a g e
Sr. No. Modules / Units
1 Significant, Contemporary Rights of Citizens
A. Rights of Consumers -Violations of consumer rights and important provisions
of the Consumer Protection Act, 2016; Other important laws to protect
consumers; Consumer courts and consumer movements. (3 Lectures)
B. Right to Information - Genesis and relation with transparency and
accountability; important provisions of the Right to Information Act, 2005;
some success stories. (3 Lectures)
C. Protection of Citizens’/Public Interest -Public Interest Litigation, need and
procedure to fil e a PIL; some landmark cases. (3 Lectures)
D. Citizens’ Charters, Public Service Guarantee Acts. (3 Lectures)
2 Approaches to understanding Ecology
A. Understanding approaches to ecology - Anthropocentrism, Biocentrism and
Eco centrism, Ecofeminism and Deep Ecology. (3 Lectures)
B. Environmental Principles -1: the sustainability principle; the polluter pays
principle; the precautionary principle. (4 Lectures)
C. Environmental Principles -2: the equity principle; human rights principles;
the participation principle. (4 Lectures)
3 Science and Technology –II
Part A:Some Significant Modern Technologies, Features and Applications (7 Lectures )
i. Laser Technology - Light Amplification by Stimulated Emission of Radiation;
use of laser in remote sensing, GIS/GPS mapping, medical use.
ii. Satellite Technology - various uses in satellite navigation systems, GPS, and
imprecise climate and weather analyses.
iii. Information and Communication Technology - convergence of various
technologies like satellite, computer and digital in the information revolution
of today’s society.
iv. Biotechnology and Genetic engineering - applied biology and uses in
medicine, pharmaceuticals and agriculture; genetically modified plant, animal
and human life.
v. Nanotechnology - definition: the study, control and application of phenomena
and materials at length scales below 100 nm; uses in medicine, military
intelligence and consumer products.
Part B:Issues of Control, Access and Misu se of Technology. (4 Lectures)
Board of Studies -Financial Markets , University of Mumbai 54 | P a g e
Sr. No. Modules / Units
4 Introduction to Competitive Exams
Part A. Basic information on Competitive Examinations - the pattern, eligibility
criteria and local centres:
i. Examinations conducted for entry into professional courses - Graduate
Record Examinations (GRE), Graduate Management Admission Test
GMAT), Common Admission Test (CAT) and Scholastic Aptitude Test (SAT).
ii. Examinations conducted for entry into jobs by Union Public Service
Commission, Staff Select ion Commission (SSC), State Public Service
Commissions, Banking and Insurance sectors, and the National and State
Eligibility Tests (NET / SET) for entry into teaching profession.
Part B. Soft skills required for competitive examinations - (7 Lectures)
i. Information on areas tested: Quantitative Ability, Data Interpretation,
Verbal Ability and Logical Reasoning, Creativity and Lateral Thinking
ii. Motivation: Concept, Theories and Types of Motivation
iii. Goal -Setting: Types of Goals, SMART Goals, Stephen Covey’s concept of
human endowment
iv. Time Management: Effective Strategies for Time Management
v. Writing Skills: Paragraph Writing, Report Writing, Filing an application
under the RTI Act, Consumer Grievance Letter.
Board of Studies -Financial Markets , University of Mumbai 55 | P a g e
References
1. Asthana, D. K., and Asthana, Meera, Environmental Problems and Solutions , S.
Chand, New Delhi, 2012.
2. Bajpai, Asha, Child Rights in India , Oxford University Press, New Delhi, 2010.
3. Bhatnagar Mamta and Bhatnagar Nitin, Effective Communication and Soft Skills ,
Pearson India, New Delhi, 2011.
4. G Subba Rao, Writing Skills for Civil Services Examination, Access Publishing, New
Delhi, 2014
5. Kaushal, Rachana, Women and Human Rights in India , Kaveri Books, New Delhi,
2000.
6. Mohapatra, Gaur Krishna Das, Environmental Ecology , Vikas, Noida, 2008.
7. Motilal, Shashi, and Nanda, Bijoy Lakshmi, Human Rights: Gender and Environment ,
Allied Publishers, New Delhi, 2007.
8. Murthy, D. B. N., Disaster Management: Text and Case Studies , Deep and Deep
Publications, New Delhi, 2013.
9. Parsuraman, S., and Unnikrishnan, ed., India Disasters Report II , Oxford, New Delhi,
2013
10. Reza, B. K., Disaster Management , Global Publications, New Delhi, 2010.
11. Sathe, Satyaranjan P., Judicial Activism in India , Oxford University Press, New Delhi,
2003.
12. Singh, Ashok Kumar, Science and Technology for Civil Service Examination , Tata
McGraw Hill, New Delhi, 2012.
13. Thorpe, Edgar, General Studies Paper I Volume V , Pearson, New Delhi, 2017.
Board of Studies -Financial Markets , University of Mumbai 56 | P a g e
Projects / Assignments (for Internal Assessment)
i. Projects/Assignment s should be drawn for the component on Internal Assessment
from the topics in Module 1 to Module 4 .
ii. Students should be given a list of possible topics - at least 3 from each Module at the
beginning of the semester.
iii. The Project/Assignment can take the form of Street -Plays / Power -Point Presentations
/ Poster Exhibitions and similar other modes of presentation appropriate to the topic.
iv. Students can work in groups of not more than 8 per topic.
v. Students must submit a h ard / soft copy of the Project / Assignment before appearing
for the semester end examination.
QUESTION PAPER PATTERN (Semester III)
The Question Paper Pattern for Semester End Examination shall be as follows:
TOTAL MARKS: 75 DURATION: 150 MINUTES
QUESTION
NUMBER DESCRIPTION MARKS ASSIGNED
1 i. Question 1 A will be asked on the meaning /
definition of concepts / terms from all
Modules.
ii. Question 1 B will be asked on the topic of the
Project / Assignment done by the student
during the Semester
iii. In all 8 Questions will be asked out of which 5
have to be attempted. a) Total marks: 15
b) For 1 A, there
will be 3 marks
for each sub -
question.
c) For 1 B there will
be 15 marks
without any
break -up.
2 Descriptive Question with internal option (A or B)
on Module 1 15
3 Descriptive Question with internal option (A or B)
on Module 2 15
4 Descriptive Question with internal option (A or B)
on Module 3 15
5 Descriptive Question with internal option (A or B)
on Module 4 15
Board of Studies -Financial Markets , University of Mumbai 57 | P a g e
Revised Syllabus of Courses of B.Com. ( Financial Markets )
Programme at Semester I V
with Effect from the Academic Year 2017 -2018
5. Foundation Course - NSS IV
Modules at a Glance
Sr.
No. Modules No of
Lectures
1 Entrepreneurship Development 10
2 Rural Resource M obilization 10
3 Ideal village & stake of GOS and NGO 13
4 Institutional S ocial Responsibility and modes of Awareness 12
Total 45
Board of Studies -Financial Markets , University of Mumbai 58 | P a g e
Sr. No. Modules / Units
1 Entrepreneurship Development
UNIT - I Entrepreneurship development
Entrepreneurship development - its meaning and schemes
Government and self -employment schemes for Entrepreneurship development
UNIT - II - Cottage Industry
Cottage Industry - its meaning, its role in development proces s
Marketing of cottage products and outlets
2 Rural Resource Mobilization
UNIT - I - Rural resource mobilization -
A case study of eco -village, eco-tourism, agro -tourism
UNIT - II - Micro financing with special reference to self -help groups
3 Ideal village & stake of GOS and NGO
UNIT - I - Ideal village
Ideal village - the concept
Gandhian Concept of Ideal village
Case studies on Ideal village
UNIT - II - Government Organisations(GOs ) and Non -Government
Organisations (NGOs)
The concept and functioning
4 Institutional S ocial Responsibility and modes of A wareness
UNIT - I - Institutional Social R esponsibilities
Concept and functioning - case study of adapted village
UNIT - II - Modes of awareness through fine Arts S kills
Basics of performing Arts as tool for social awareness, street play, creative dance,
patriotic song, folk song s and folk dance. Rangoli, posters, flip charts, placards,
etc.
Board of Studies -Financial Markets , University of Mumbai 59 | P a g e
Revised Syllabus of Courses of B.Com. ( Financial Markets )
Programme at Semester IV
with Effect from the Academic Year 2017 -2018
5.Foundation Course - NCC - IV
Modules at a Glance
Sr.
No. Modules No of
Lectures
1 Disaster Management, Social Awareness and Community
Development 10
2 Health and Hygiene 10
3 Drill with Arms 05
4 Weapon Training 10
5 Specialized Subject: Army Or Navy Or Air 10
Total 45
Board of Studies -Financial Markets , University of Mumbai 60 | P a g e
Sr. No. Modules / Units
1 Disaster Management, Social Awareness and Community Development
Disaster Management:
Desired outcome: The student shall gain basic information about civil defence
organisation / NDMA & shall provide assistance to civil administration in various
types of emergencies during natural / manmade disasters
Fire Services & Fire fighting
Assistance during Natural / Other Calamities: Flood / Cyclone/ Earth Quake/
Accident etc.
Social Awareness and Community Development:
Desired outcome: The student shall have an understanding about social evils and
shall inculcate sense of whistle blowing against such evils and ways to eradicate
such evils.
NGOs: Role & Contribution
Drug Abuse & Trafficking
Corruption
Social Evil viz. Dowry/ Female Foeticide/Child Abuse & trafficking etc.
Traffic Control Org. & Anti drunken Driving
2 Health and Hygiene
Desired outcome: The student shall be fully aware about personal health and
hygiene lead a healthy life style and foster habits of restraint and self awareness.
Hygiene and Sanitation (Personal and Food Hygiene)
Basics of Home Nursing & First -Aid in common medical emergencies
Wound & Fractures
3 Drill with Arms
Desired outcome : The students will demonstrate the sense of discipline, improve
bearing, smartness, and turnout, and develop the quality of immediate and
implicit obedience of orders, with good reflexes.
Getting on Parade with Rifle and Dressing at the Order
Dismissing and Fa lling Out
General Salute, Salami Shastra
Squad Drill
Short/Long tail from the order and vice -versa
Examine Arms
4 Weapon Training
Desired outcome: The student shall have basic knowledge of weapons and their
use and handling.
The lying position, Holding and Aiming - I
Trigger control and firing a shot
Range procedure and safety precautions
Board of Studies -Financial Markets , University of Mumbai 61 | P a g e
Theory of Group and Snap Shooting
Short range firing, Aiming - II -Alteration of sight
5 Specialized Subject: Army Or Navy Or Air
Army
Desired outcome: The training shall instill patriotism, commitment and passion to
serve the nation motivating the youth to join the defence forces.
It will also acquaint, expose & provide basic knowledge about armed, naval and
air-force subjects
A. Map read ing
Setting a Map, finding North and own position
Map to ground, Ground to Map
Point to Point March
B. Field Craft and Battle Craft
Observation, Camouflage and Concealment
Field Signals
Types of Knots and Lashing
C. Introduction to advanced weapons and role of technology (To be covered by
the guest lecturers)
OR
Navy
A. Naval Communication
Semaphore
Phonetic Alphabets
Radio Telephony Procedure
Wearing of National Flag, Ensign and Admiral’s Flag.
B. Seamanship
Anchor work
Types of Anchor, Purpose and Holding ground
Boat work
Demonstrate Rigging a whaler and enterprise boat - Parts of Sail and
Sailing Terms
Instructions in Enterprise Class Board including theory of Sailing,
Elementary Sailing Tools
Types of Power Boats Used in the Navy and their uses, Knowledge of
Anch oring, Securing and Towing a Boat
C. Introduction to advanced weapons and role of technology (To be covered by
the guest lecturers)
Board of Studies -Financial Markets , University of Mumbai 62 | P a g e
Sr. No. Modules / Units
OR
Air
A. Air frames
Fuselage
Main and Tail Plain
B. Instruments
Introduction to RADAR
C. Aero modelling
Flying/ Building of Aero models
D. Introduction to advanced weapons and role of technology (To be covered by
the guest lecturers)
Board of Studies -Financial Markets , University of Mumbai 63 | P a g e
Revised Syllabus of Courses of B.Com. ( Financial Markets )
Programme at Semester I V
with Effect from the Academic Year 2017 -2018
5.Foundation Course Physical Education - IV
Modules at a Glance
Sr.
No. Modules No of
Lectures
1 Stress Management 10
2 Awards, Scholarship & Government Schemes 10
3 Yoga Education 10
4 Exercise Scheduling/Prescription 15
Total 45
Board of Studies -Financial Markets , University of Mumbai 64 | P a g e
Sr. No. Modules / Units
1 Stress Management
Meaning & concept of Stress
Causes of Stress
Managing Stress
Coping Strategies
2 Awards, Scholarship & Government Schemes
State & National level Sports Awards
State Sports Policy & Scholarship Schemes
National Sports Policy & Scholarship Schemes
Prominent Sports Personalities
3 Yoga Education
Differences between Yogic Exercises & non - Yogic exercises
Contribution of Yoga to Sports
Principles of Asanas & Bandha
Misconceptions about Yoga
4 Exercise Scheduling/Prescription
Daily Routine Prescription.
Understanding Activity level & Calorie requirement.
Adherence & Motivation for exercise.
Impact of Lifestyle on Health
Board of Studies -Financial Markets , University of Mumbai 65 | P a g e
Revised Syllabus of Courses of B.Com. (Financial Markets)
Programme at Semester IV
with Effect from the Academic Year 2017 -2018
6. Corporate Finance
Modules at a Glance
Sr.
No. Modules No. of
Lectures
1 Corporate Finance - an overview 15
2 Planning the Corporate Financial Activities 15
3 Capital Structure 15
4 Sources and Methods of raising Corporate Finance 15
Total 60
Board of Studies -Financial Markets , University of Mumbai 66 | P a g e
Sr. No. Modules / Units
1 Corporate Finance - an overview
Function of Finance in a business enterprise
Emergence of corporate finance as an integral part of business finance
Need for professional approach in managing corporate finance
Role and functions of a Corporate Financial Manager
Requirements of an efficient Corporate Financial Manager
2 Planning the corporate Financial Activities
Theories of Capitalisation
Owned Capital and borrowed Capital - Cost of Capital
Break even analysis
3 Capital Structure
Meaning and Definition of Capital structure
Factors affecting Capital structure - trading on equity
Watered Capital, over capitalization and under capitalization
NPV, IRR, DCF analysis and pay back period
4 Sources and Methods of Raising Corporate Finance
Types and features of corporate securities currently available
Management of new issues including pricing of securities
Role of commercial banks and investment banks in financing the corporate sector
Leasing a s method of corporate finance
Board of Studies -Financial Markets , University of Mumbai 67 | P a g e
Revised Syllabus of Courses of B.Com. ( Financial Markets )
Programme at Semester IV
with Ef fect from the Academic Year 201 7-2018
7. Business Economics -2
Modules at a Glance
Module
No. Title No.of
Lecture
s
1
Introduction to Macroeconomics
15
2
Money, Inflation and Monetary Policy
15
3. Constituents of Fiscal Policy 15
4
Open Economy : Theory and Issues of International Trade
15
Total no. of lectures
60
Board of Studies -Financial Markets , University of Mumbai 68 | P a g e
Sr.
No. Modules / Units
1 INTRODUCTION TO MACRO ECONOMICS
Macroeconomics: Meaning, Scope and Importance.
Circular flow of aggregate income and expenditure : closed and open economy models
The Measurement of national product: Meaning and Importance - conventional and
Green GNP and NNP concepts - Relation ship between National Income and Economic
Welfare.
Short run economic fluctuations : Features and Phases of Trade Cycles
The Keynesian Principle of Effective Demand: Aggregate Demand and Aggregate
Supply - Consumption Function - Investment function - effects of Investment Multiplier
on Changes in Income and Output
2 MONEY, INFLATION AND MONETARY POLICY
Money Supply: Determinants of Money Supply - Factors influencing Velocity of
Circulation of Money
Demand for Money : Classical and Keynesian approaches and Keynes’ liquidity
preference theory of interest
Money and prices : Quantity theory of money - Fisher’s equation of exchange -
Cambridge cash balance approach
Inflation: Demand Pull Inflation and Cost Push Inflation - Effects of Inflation - Nature of
inflation in a developing economy.
Monetary policy : Meaning , objective s and instruments, inflation targeting
3 CONSTITUENTS OF FISCAL POLICY
Role of a G overnment to provide Public goods - Principles of Sound and Functional
Finance
Fiscal Policy: Meaning, Objectives - Contra cyclical Fiscal Policy and Discretionary
Fiscal Policy
Instruments of Fiscal policy : Canons of taxation - Factors influencing incidence of
taxation - Effects of taxation - Significance of Public Expenditure - Low Income Support
and Social Insurance Programmes - Public Debt - Types, Public Debt and Fiscal
Solvency, Burden of debt finance
Union budget -Structure - Deficit concepts -Fiscal Responsibility and Budget Management
Act.
Board of Studies -Financial Markets , University of Mumbai 69 | P a g e
4 OPEN ECONOMY : THE ORY AND ISSUES OF INTERNATIONAL TRADE
The basis of international trade : Ricardo’s Theory of comparative cost advantage - The
Heckscher – Ohlin theory of factor endowments - terms of trade - meaning and types -
Factors determining terms of trade - Gains from trade - Free trade versus protection
Foreign Investment : Foreign Portfolio investment - Benefits of Portfolio capital flows -
Foreign Direct Investment - Merits of Foreign Direct Investment - Role of Multinational
corporations
Balance of Payments: Structure - Types of Disequilibrium - Measures to correct
disequi librium in BOP.
Foreign Exchange rate : Spot and Forward rate of Exchange - Hedging, Speculation and
Arbitrage -Fixed and Flexible exchange rates - Managed flexibility
Board of Studies -Financial Markets , University of Mumbai 70 | P a g e
Question Paper Pattern
(Practical Courses)
Maximum Marks: 75
Questions to be set: 05
Duration: 2 1/2 Hrs.
All Questions are Compulsory Carrying 15 Marks each.
Question
No Particular Marks
Q-1
Objective Questions
A. Sub Questions to be asked 10 and to be answered any 08
B. Sub Questions to be asked 10 and to be answered any 07
(*Multiple choice / True or False / Match the columns/Fill in the
blanks)
15 Marks
Q-2
Q-2
Full Length Practical Question
OR
Full Length Practical Question
15 Marks
15 Marks
Q-3
Q-3
Full Length Practical Question
OR
Full Length Practical Question
15 Marks
15 Marks
Q-4
Q-4
Full Length Practical Question
OR
Full Length Practical Question
15 Marks
15 Marks
Q-5
Q-5
A) Theory questions
B) Theory questions
OR
Short Notes
To be asked 05
To be answered 03
08 Marks
07 Marks
15 Marks
Note:
Practical question of 15 marks may be divided into two sub questions of 7/8 and
10/5Marks. If the topic demands, instead of practical questions, appropriate theory
question may be asked.
Board of Studies -Financial Markets , University of Mumbai 71 | P a g e
Question Paper Pattern
(Theoretical Courses)
Maximum Marks: 75
Questions to be set: 05
Duration: 2 1/2 Hrs.
All Questions are Compulsory Carrying 15 Marks each.
Question
No Particular Marks
Q-1
Objective Questions
A) Sub Questions to be asked 10 and to be answered any 08
B) Sub Questions to be asked 10 and to be answered any 07
(*Multiple choice / True or False / Match the columns/Fill in the
blanks)
15 Marks
Q-2
Q-2
Full Length Question
OR
Full Length Question
15 Marks
15 Marks
Q-3
Q-3
Full Length Question
OR
Full Length Question
15 Marks
15 Marks
Q-4
Q-4
Full Length Question
OR
Full Length Question
15 Marks
15 Marks
Q-5
Q-5
A) Theory questions
B) Theory questions
OR
Short Notes
To be asked 05
To be answered 03
08 Marks
07 Marks
15 Marks
Note:
Theory question of 15 marks may be divided into two sub questions of 7/8 and 10/5Marks.
QUESTION PAPER PATTERN
Board of Studies -Financial Markets , University of Mumbai 72 | P a g e
Business Economics Semester IV
Maximum Marks : 75 Marks
Time : 2:30 Hours
Note : 1) Attempt all Questions
2) All Questions carry equal marks
uestion
No Particulars Marks
Q-1 (from
Module I )
Answer any two
A) Full L ength Question
B) Full L ength Question
C) Full L ength Question
15Marks
Q-2 (from
Module II )
Answer any two
A) Full L ength Question
B) Full L ength Question
C) Full L ength Question
15Marks
Q-3 (from
Module III )
Answer any two
A) Full L ength Question
B) Full L ength Question
C) Full L ength Question
15Marks
Q-4 (from
Module IV )
Answer any two
A) Full L ength Question
B) Full L ength Question
C) Full L ength Question
15Marks
Q-5 (from
Module
I- IV ) Objective Question
A)Conceptual questions (any Four out of six questions)
B)Multiple Choice Questions (seven questions at least one from
each module) 15Marks
(8)
(7)
Board of Studies -Financial Markets , University of Mumbai 73 | P a g e
Revised Syllabus of Courses of B.Com.(Financial Markets)
Programme at Semester III and IV
with effect from the Academic Year 2017 -2018
Reference Books
Debt Markets
Bhardwaj, Gautam, (2008), The Future of India’s Debt Market, Tata McGraw Hill.
Suryanarayan , (2002), Debt Market, ICFAI Publication Press.
Fabozzi, Frank, (2004), Fixed Income Analysis Workbook, 2nd edition , John Wiley &
Sons
Shah, Ajay, Thomas, Sushan and Gorham, Michael, (2008), Indian Financial Markets,
Elsevier, USA
FIMMDA -NSE Debt Market (Basic) Module, Workbook from NSE.
Dun and Bradstreet, (2008), Fixed Income Securities, Tata McGraw Hill.
Equity Markets
1. Equity Markets in India - Shveta singh & P K Jain
2. Equity and Debt Markets - Hardeep Kaur
3. An Introduction to Equity Markets - David Dasey
Commodity Markets/ Commodity Derivatives
o Commodities Market Module, Workbook from NSE
o Chatnani, (2010), Commodity Markets, 1st edition, Tata McGraw Hill.
o Kleinman, George, (2001), Commodity Futures & Options, 2 nd (revised,
illustrated edition), Pren tice Hall.
o Stephens, John. (2001), Managing Commodity Risk, John Wiley & Sons.
o Indian Institute of Banking & Finance, (2007), Commodity Derivatives,
Macmillan India Ltd
Portfolio Management
Security Analysis and Portfolio Management, Prasanna Chandra, Tat a McGraw Hill
Security Analysis and Portfolio Management, Ravi Kishor, Taxman Publishers
Financial Management, Khan & Jain, Tata McGraw Hill
Fundamentals of Investment Management, Hirt and Block, Tata McGraw Hill. Ed 2009.
Portfolio Management Handbook, Ro bert A. Strong, Jaico Publishing House, Mumbai
Portfolio Management : A Strategic approach, Ginger Levin, John Wyzalek: CRC Press
Modern Portfolio Theory and Investment Analysis: Edwin J Elton, Martin Gruber : Wiley
Treasury Management
Treasury Management in India; V.A. Avadhani: Himalaya Publishing House.
Treasury Management; Hudson Robert
Treasury Management: the Practitioner’s guide: Steven M Bragg
Treasury Fundamentals: Antonio Morelli
The Handbook of Global Corporate Treasury: Raj iv Rajendra
Board of Studies -Financial Markets , University of Mumbai 74 | P a g e
Money Markets
Money Market Operations in India - A K Sengupta
The Indian Money Market - Krishna Kumar sharma
Stiguam’s Money Market - Marcia Stigum
CNBC Guide to Money and Markets
Business Law
Indian Contract Act , Sale of Goods Act and Partnership Act – Desai T R – S C – Sarkar and
sons
The Negotiable Instruments Act – Khergamwala J S – N M Tripathy
The Principles of Mercantile Law – Singh Avtar – Eastern Books Co.
T P Ghosh on Companies Act 2013: T P Ghosh: Taxmann
E Book by ICAI on Companies Act 2013
E Book by Institute of Company Secretaries of India
Intellectual Property Rights in India: Dr V K Ahuja: Wadhwa Book Company
SEBI Manual by Taxmann
SEBI Act : Sumit Agarwal and Robin Joseph Baby: Taxmann
Securities Contract Regulation Ac t and Rules
Practical Guide to Limited Liability Partnership : P L Subramanian : Snow white Publication
Text book on Indian Partnership Act with Limited Liability Partnership Act Dr Madhusudan
Saharay : Universal Law Publishing Company
Management accoun ting
Cost Management by Saxena & Vashist
Cost & Management Accounting by Ravi N.Kishor ,Publication Taxmonth
Essential of Management Accounting by P.N.Reddy,Himalaye
Advanced Management Accounting by Robert S Kailar,Holl
Financial Of Management Accou nting by S.R.Varshney,Wisdom
Introduction of Management Accounting by Charbs T Horngram, PHI Learnng
Management Accounting by I.m.Pandey, Vikas
Cost & Management Accounting by D.K.Mattal,Galgotia
Management Accounting by Khan & Jain,Tata Megaw
Managem ent Accounting by R.P.R astogi
Board of Studies -Financial Markets , University of Mumbai 75 | P a g e
Corporate Finance
Prasanna Chandra: Financial Management (TMH),
I. M. Pandey – Financial Management (Vikas),
M. Y. Khan 7 P. K. Jain – Financial Management (TMH),
Brigham & Houston – Fundamentals of Financial Mgmt., Thomson Cengage Learning
Fundamentals of Financial Management – Vanhorns & Bhandari - Pearson
evaluation.
Contemporary Financial Management – Kothari & Dutta – Machanilan India Ltd.
Financial Markets & Institut ion – Guruswamy – Thomson / Cengage Learining
Stephen A. Ross, Wester FIELD, Jordan – Fundamentals of Corporate Finance (Mac
Graw Hill)
Vanhorne & Wachowicz, Fundamentals of Financial Manag ement – Pearson
Damodaran, Corporate Finance – John Wiley & Co.
Foreign Exchange Markets
Foreign Exchange Market - Dun and Bradstreet
International Financial Markets and Foreign Exhange - Shashi K Gupta and Parneet Ranjgi
A Foreign Exchange Primer: Shani Shamah: Wiley
Understanding the Foreign Exchange Markets: M R Prasha nt/Pawan Kumar
Avadhanam/Jayaditya Sharma Korada:LAP Lambers Academic Publishers
Foreign Exchange:A Practical guide to FX Markets:Weithers Timothy M Weithers: Wiley
Merchant Banking
A Manual of Merchant Banking: J.C.Verma : Bharath Pu blishing House, New Delhi,
Merchant Banking: H R Machiraju : New Age International Publishers
Merchant Banking and Financial services : Madhu Vij and Swati Dhavan: Tata Mc
Graw Hill
Merchant Banking and Financial Services: S Guruswamy: Tata McGraw Hill
Personal Financial Pla nning
1. The only Financial Planning Book that you will ever need: Amar Pandit: TV 18
Broadcast Ltd (CNBC TV18)
2. How to be your own financial planner: Manish Chauhan : TV 18 Broadcast
Ltd (CNBC TV18)
3. Value Investing and Behavior al Finance : Parag Parikh:Mcgraw Hills
Education
Board of Studies -Financial Markets , University of Mumbai 76 | P a g e
4. Publications by Financial Planning Standard Board
5. E Book by The Financial Planners’ Guild India
Computer Skills -2
Fundamentals of Computers – Rajaram V – Prentice Hall
Computer today (3 rd edition) – Sanders, Don ald H – McGraw Hill
Computers and Common sense – Hunt, Roger and Shelly John – Prentice Hall
Computers – Subramaniam N – Wheeler
Introduction to Computers – Xavier C. – New Age
Computer in Business – Sanders D – McGraw Hill
Computers and Information M anagement – S C Bhatnagar & V Ramant – Prentice Hall
Internet for Business – Brummer, Lavrej – Cambridge
E-mail for Everyone – Leon Alexis & leon – Methews
Reference Books —NCC
Cadet’s Hand b ook – Common subject..all wings, BY DG NCC, New Delhi.
Cadet ’s Hand book – Specialised Subjects, Army, Navy, Air -force , BY DG NCC, New Delhi.
NCC OTA Precise , BY DG NCC, New Delhi.
“AVAN” Model of Disaster Mang. , Vinayak Dalvie , Proceedings of Int. Conf. on Urban Plan. and
Env Strat & Challenges, Elphinstone College, Jan 2007.
Humanistic Tradition of India , N.L.Gupta , Mohit Publication, New Delhi
Social psychology , Baron & Byrne , Pearson Publication, 12 th Edition self awareness know yourself
/ insight (110) Group & Individuals (374) Group discussion
Chanakya’ s 7 Secrets of Leadership, Radhakrishanan Pillai and D.Shivnandhan , Jaico
Social Psychology: Understanding Human Interaction , Baron, Robert A. , (302/BAR/BYR),7 th
Edition
Seven Habits of Highly Effective People. , Covey , Stephen
The Habit of Winning. , Iyer , Prakash , Penguin , India ; 2011
The Goal , Goldratt , Eliyahu , The Northriver press ; 1994
Freedom Struggle , Chandra Bipin , National Book Trust 1972
Freedom of Religion and The Indian Judiciary , Bachal V.M. , Shubhada Saraswat , (362P)
India 1996 - A Refere nce Annual Govt. of India
Saha Soneri Pane , Vinayak D. Savarkar
Environmental Biology and Toxicology , P.D. Sharma. , Rastogi Publication
Environmental Science , S.C. Santra , New Central Book Agency
National Cadet Corps (India), Lambert M. Surhone, Mariam T. Tennoe, Susan F. Henssonow ,
Betascript Publishing, 2011
National Cadet Corps, Youth in Action (Google eBook) , National Cadet Corps (India) , Lancer
Publishers, 2003
Youth in Step: History of the National Cadet Corps , V. Longer , Lancer international, 1983 Original
from the University of Michigan
National Cadet Corps of India , Man Mohan Sharma , Vision Books, 1980 Original from the
University of Michigan
The National Cadet Corps Act, 1948, as Modify Up to the 1st July 1963 , India , Government of India
Press, 19 63 (Military Law)
Board of Studies -Financial Markets , University of Mumbai 77 | P a g e
Cadet Corps in India: Its Evolution and Impact , Satis Chandra Maikap , Darbari Udyog, 1979
Original from the University of California
National Cadet Corps: 100 Years of Distinction , National Cadet Corps (Singapore) , NCC
The NCC , Singapore, National Cadet Corps Council , National Cadet Corps Council
Grooming Tomorrow’s Leaders: National Cadet Corps, 1917 -2006 , R.S. Chhettri , Lancer Publishers,
2006
National Civil Defence Cadet Corps , Lambert M. Surhone, Mariam T. Tennoe, Susan F. Henssonow ,
Betascript Publishing, 2011
Discovery of India , Jawaharlal Nehru
Health and Hygiene , Manoj. J.S. , Agra University Publication Yoga for Healing , Venkateswaran P.S. ,
Bombay: - Jaico Publishing House 1989
Yoga Illustrated, New Delhi , Ministry of Information and Broadcasting, 1995
Yoga Practice, 1972 , Shivnande Swami , Mumbai: - D.B. Taraporewala 1972
Yoga of Patanjali -1979 , Yardi M.R. , Bhandarkar Oriental Research Institute - 1974
Sustainable Development ( An Alternative Paradigm) , Satpathy , N. , Karnavati Public ations ,
Ahmedabad
Global Partners for Sustainable Development , Pachauri R.K & Srivastava L. , Tata Energy Research
Institute, New Delhi ; 1994, 1998
Ecology and the Politics of survival : Conflict over Natural Resources in India , Shiva , Vandana ,
Sage Publ ications , California , 1991
Board of Studies -Financial Markets , University of Mumbai 78 | P a g e
Reference Books - NSS
National Service Scheme Manual (Revised) 2006, Government of India, Ministry of
Youth Affairs and Sports, New Delhi.
University of Mumbai National Service Scheme Manual 2009.
Avhan Chancellor's Brigade - NSS Wing, Training camp on Disaster Preparedness
Guidelines, March 2012
Rashtriya Seva Yojana Sankalpana - Prof. Dr. Sankay Chakane, Dr. Pramod \Pabrekar,
Diamond Publication, Pune
National Service Scheme Manual for NSS District Coordinators, National Service
Scheme Cell, Dept. of Higher and Technical Education, Mantralaya,
Annual report of National Service Scheme (NSS) published by Dept. of Higher and
Technical Education, Mantralaya,
NSS Cell, Dept. of Higher and Technical Education, Mantralaya, UTKARS HA- Socio
and cultural guidelines
Case material as a Training Aid for Field Workers, Gurmeet Hans.
Social service opportunities in hospitals, Kapil K. Krishnan, TISS
New Trends in NSS, Research papers published by University of Pune
ANOOGUNJ Research Jour nal, published by NSS Unit C. K. Thakur college
Training Manual for Field Work published by RGNIYD, Chreeperumbudur
Prof. Ghatole R.N. Rural Social Science and Community Development.
Purushottam Sheth, Dr. Shailaja Mane, National Service Scheme
Joint programme of National Service Scheme, University of Mumbai & DISHA -
DEEPSHIKHA Projects, Nair Hospital, 2011 -12
National Service Scheme in India: A Case study of Karnataka, M. B. Dishad, Trust
Publications, 2001
http://www.thebetterindia.com/140/national -service -scheme -nss/
http://en.wikipedia.org/wiki/national -service -scheme 19=http://nss.nic.in/adminstruct
http://nss.nic.in/propexpan
http://nss.nic. in
http://socialworknss.org/about.html
Board of Studies -Financial Markets , University of Mumbai 79 | P a g e
Reference Books - Physical Education
Kamlesh, M.L. (2002). Found ation of Physical Education. New Delhi : Metropolitan
Book & Co. Ptd. Ltd.
Kansal, D.K. (2012). A Text book of Applied Measurement Evaluation and Sports
Selection (3rd Ed.). New Delhi : DVS Publication.
Lock Hurt and others (1975) Anatomy of the human bo dy, Feber & Feber Oxford
University,
Muller, J. P.(2000). Health, Exercise and Fitness. Delhi : Sports.
Murgesh N. (1990) – Anatomy, Physiology and Health Education, Sathya,
Chinnalapatti,.
NASPE. (2005). Physical Education for lifelong fitness. The physi cal Best teacher’s
guide. IL:Human Kinetics
Nieman, D.C.(1986). Fitness and Sports Medicine : Health Related Approach
London: Mayfield Publishing Co.
Nimbalkar. Sadashiv(2004), Yoga for Health and Peace. - 6th Ed., Yoga Vidya
Niketan, Mumbai.,.
Pate R.R. & Hohn R.C. (1994). Health Fitness Through Physical Education. USA :
Human Kinetics.
Pandey ,&Gangopadhyay.(1995). Health Education for school children. New Delhi :
Friends Publication.
Safrit, M. (1990). Introduction to Measurement in Physical Education an d Exercise
Science. St. Louis,Toronto,Bastan : Times Mirror/Mosby College Publishing.
Sharma, O.P. (1998). History of Physical Education. Delhi: Khel Sahitya
Kendra.Werner.
W.K., Hoeger. (2007). Fitness and Wellness. (8th ed.). Wadsworth, Cengage
Learnin g.
Reference Books - Macro Economics
Ackley.G (1976), Macro Economic Theory and Policy, Macmillan Publishing Co. New York
Board of Studies -Financial Markets , University of Mumbai 80 | P a g e
Ahuja. H.L., Modern Economics –– S.Chand Company Ltd. New Delhi.
Bhatia H.L.: Public Finance. Vikas Publishing House Pvt. Ltd
Dornbush , Fisher and Startz, Macroeconomics, Tata -Mac Graw Hill, New Delhi.
Dwivedi, D.N. (2001), Macro Economics: Theory and Policy, Tata -Mac Graw Hill,
New Delhi.
Friedman Hilton (1953) Essays in Positive Economics, University of Chicago Press,
London.
Francis Cherunilam International Economics Tata McGraw – Hill Publishing
co.Ltd.New
Delhi.
Gregory .N. Mankiw, Macroeconomics, Fifth Edition (2002 ) New York:Worth
Publishers
Jhingan, M.L., Principles of Economics –– Vrinda Publications (P) Ltd.
Jhingan M.L. – International Economics – Vrinda publication Pvt. Ltd – Delhi
Musgrave, R.A and P.B. Musgrave (1976) : Public Finance in Theory and Practice,
Tata McGraw Hill, Kogakusha, Tokyo
Shapiro, E (1996), Macro -Economic Analysis, Golgotha Publication, New D elhi.
Singh.S.K. (2014): Public finance in Theory and Practice, S.Chand &co Pvt Ltd,
New Delhi
Salvatore Dominick – International Economics – John Wiley & sons, Inc Singapore
Vaish .M.C. (2010) Macro Economic Theory 14th edition, Vikas Publishing
House(P)L td
Board of Studies -Financial Markets , University of Mumbai 81 | P a g e