of 2018 191 1 1 Syllabus Mumbai University

Page 1

Page 2

Cover Page

















Date : Signature :

Name of BOS Chairperson / Dean : Dr. S.T.Gadade Sr.
No. Heading Particulars
1 Title of the
Course B.Com. (Actuarial Studies)
2 Eligibility for
Admission H.S.C. with Mathematics as one of the
subject
3 Passing
Marks As per norms of University of Mumbai for
undergraduate programme
4 Ordinances /
Regulations ( if any) As per norms
5 No. of Years /
Semesters 3 years (6 semesters)
6 Level P.G. / U.G./ Diplom a / Certificate
( Strike out which is not applicable)
7 Pattern Yearly / Semester
( Strike out which is not applicable)
8 Status New / Revised
( Strike out which is not applicable)
9 To be implemented
from Academic Year From Academic Year 2017 -2018 AC 11 -05-2017
Item No. 4.171

UNIVERSITY OF MUMBAI




Syllabus for Approval

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University of Mumbai





B.Com. (Actuarial Studies)Programme
Three Year Integrated Programme -
Six Semesters
Course Structure


Under Choice Based Credit, Grading and Semester
System

To be implemented from Academic Year - 2017 -2018 Progressively

Board of Studies -in-Commerce

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Elective Courses (EC)
Discipline Specific Elective(DSE) Courses
1.Accountancy and Financial Management I

Modules at a Glance

Sr.
No. Modules No. of
Lectures
1 Accounting standards issued by ICAI and Inventory valuation 15
2 Final Accounts 15
3 Departmental Accounts 15
4 Accounting for Hire Purchase 15
Total 60

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Sr. No. Modules / Units
1 Accounting standards issued by ICAI and Inventory valuation
 Accountingstandards:
Concepts, benefits,procedures forissue ofaccounting standardsVariousAS :
AS – 1: Disclosure of Accounting Policies
Purpose, Areas ofPolicies, Disclosure ofPolicies, Disclosure ofChangeinPolicies,
Illustrations
AS–2:Valuationof Inventories (Stock)
Meaning, Definition, Applicability, Measurement ofInventory,
Disclosure inFinalAccount, Ex planation withIllustrations.
AS – 9: Revenue Recognition
MeaningandScope, Transactions excluded, SaleofGoods, Renderingof Services,
Effectsof Uncertainties, Disclosure, Ill ustrations.

 Inventory Valuation
Meaning of inventories Cost for inventory valuation
Inve ntory systems : Periodic Inventory system and Perpetual Inventory System
Valuation: Meaning and importance
Methods of Stock Valuation as per AS – 2 :
FIFO and Weighted Average Method Computation of valuation of inventory as
on balance sheet date:If inventory is taken on a date after the balance sheet or
before the balance sheet
2 Final Accounts
Expenditure: Capital, Revenue
Receipts: Capital, Revenue
Adjustment and Closing Entries
Final accounts of Manufacturing concerns (Proprietary Firm)
3 Departmental Accounts
Meaning
Basis of Allocation of Expenses and Incomes/Receipts
Inter Departmental Transfer : at Cost Price and Invoice Price Stock Reserve
Departmental Trading and Profit & Loss Account and Balance Sheet
4 Accounting for Hire Purchase
Meaning Calculation of interest
Accounting for hire purchase transactions by asset purchase method based on full
cash price
Journal entries, ledger accounts and disclosure in balance sheet for hirer and
vendor(excluding default, repossession and calculation of cash price)

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INSURANCE BUSINESS PAPER I (PRINCIPLES OF INSURANCE)
UNIT 1
The Conceptual Framework – What Is Insurance -Meaning and Definition – Brief History of Insurance
– Understanding Perils and Risks – Classification of Risks and Hazards –– Role of Insurance in Social
and Economic Development – Classes of Insurance – Growth and Evolution of insurance Industry in
India -Unique Characteristics of Insurance Business – Managing Risk – Introduction into insurance
funds – Trustees in insurance business - Reinsurance –Linking Insurance with Social Security
UNIT 2
The Insurance Contract – Utmost Good Faith or Uberrima Fides – Insurable Interest – Insurer‘s
Insurable Interest – Criminal Acts – Indemnity – Subrogation and Contribution – Proximate Cause –
Personal and No n-Personal Con tracts —Distinguishing insurance contracts with other contracts.
Insurance Terminology – First Premium – Renewal – Mode – Limited Payment – Policies – Single
Premium – Convertible – Days of Grace – Lapse – Paid Up Policy – Revival – Deferment Period –
Nomination – Assignment – Bonus – Arbitration
UNIT 3
Insurance Products – Life Insuranc e Products including Government Schemes -Introduction to Non-
Life Insurance , Fire , Loss of Profits , Marine ,Marine Cargo ,Motor and Miscellaneous – Persona l
Accident , Health , Hit and Run Cases , Aviation Etc. –Insurance Policy and documents -Certificates of
Insurance – Open Policy – Floater – Franchise – Coinsurance .Compensation under insurance -Total
Loss – Actual or Co nstructive Loss – Bonus – Replacement – Policy value – Agreed Value – Full Value
– First Loss – Increased Value .
UNIT 4
The Insurance Market – Life and Non -Life Insurers – Reinsurers – Individual and Corporate Agents –
Brokers – Surveyors – Medical Examiners – Third Party Administrators – IRDA – Insurance Councils –
Ombudsmen – Educational Institutes – Councils – Tariff Adv isory Committee -Career Opportunities in
Insurance Business . Ethical aspects of insurance business.










Financial Mathematics
Syllabus for Actuarial Science for B.Com Applied Course.

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First Semester
Unit I
Functions and their applications
Introduction -Function -Types of functions -One-one functions, onto functions, algebraic functions,
logarithmic functions and exponential functions, Graph of functions; Problems on functions.
Functions related to Business and Economics (Demand Function, Supply function, Cost function,
Revenue function and P rofit function. Problems based on these functions.
Unit 2
Sequences and Series
Sum of the series
Arithmetic Progression(AP) , Geometric Progression (GP)
Sum of AP, Sum of GP.
Unit 3
Permutations and Combinations
Introduction, Meaning of factorial notation,
Fundamental principle, Permutations, Problems on permutations..
Combinations, Problems on combinatons.
Unit 4
Interest
Simple interest, Problems on simple interest.
Compound Interest, Problems on Compound interest.
Present Value, Nominal and Eff ective rate of interest

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Ability Enhancement Courses (AEC)

4. Business Communication I

Modules at a Glance

Sr.
No. Modules No. of
Lectures
1 Theory of Communication 10
2 Obstacles to Communication in Business World 10
3 Business Correspondence 12
4 Language and Writing Skills 13
Total 45


Note:
One tutorial per batch per week in addition to number of lectures stated above
(Batch size as per the University norms)

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Sr. No. Modules / Units
1 Theory of Communication
Concept of Communication :Meaning, Definition, Process, Need,
FeedbackEmergence of Communication as a key concept in the Corporate and
Global worldImpact of technological advancements on Communication
Channels and Objectives of Communication :Channels -
Formal and Informal - Vertical, Horizontal, Diagonal, Grapevine
Objectives of Communication : Information, Advice, Order and Instruction,
Persuasion, Motivation, Education,Warning, and Boosting the Morale of
Employees(A brief introduction to these objectives to be given)
Methods and Modes of Communication:
Methods: Verbal and Nonverbal, Characteristics of Verbal Communication
Characteristics of Non -verbal Communication, Business Etiquette
Modes: Telephone and SMS Communication 3 (General introduction to Telegram
to be given) Facsimile Communication [Fax]
Computers and E - communication Video and Satellite Conferencing
2 Obstacles to Communication in Business World
Problems in Communication /Barriers to Communication :
Physical/ Semantic/Language / Socio -Cultural / Psychological / Barriers, Ways to
Overcome these Barriers
Listening: Importance of Listening Skills, Cultivating good Listening Skills – 4
Introduction to Business Ethics:
Concept and Interpretation, Importance of Business Ethics, Persona l Integrity at
the workplace, Business Ethics and media, Computer Ethics, Corporate Social
Responsibility
Teachers can adopt a case study approach and address issues such as the
following so as to orient and sensitize the student community to actual busine ss
practices:
Surrogate Advertising, Patents and Intellectual Property Rights, Dumping of
Medical/E -waste,
Human Rights Violations and Discrimination on the basis of gender, race, caste,
religion, appearance and sexual orientation at the workplace
Piracy, Insurance, Child Labour
3 Business Correspondence
Theory of Business Letter Writing:
Parts, Structure, Layouts —Full Block, Modified Block, Semi - Block Principles of
Effective Letter Writing, Principles of effective Email Writing,
Personnel Correspondence:
Statement of Purpose, Job Application Letter and Resume, Letter of Acceptance of
Job Offer, Letter of Resignation
[Letter of Appointment, Promotion and Termination, Letter of Recommendation
(to be taught but not to be tested in the examinat ion)]
Sr. No. Modules / Units
4 Language and Writing Skills
Commercial Terms used in Business Communication
Paragraph Writing:
Developing an idea, using appropriate linking devices, etc
Cohesion and Coherence, self -editing, etc [Interpretation of technical data,
Composition on a given situation, a short informal report etc.]

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Activities
 Listening Comprehension
 Remedial Teaching
 Speaking Skills: Presenting a News Item, Dialogue and Speeches
 Paragraph Writing: Preparation of the first draft, Revision and Self – Editing,
Rules of spelling.
 Reading Comprehension: Analysis of texts from the fields of Commerce and
Management


























Skill Enhancement Courses (SEC)

5. Foundation Course - I

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Modules at a Glance

Sr.
No. Modules No. of
Lectures
1 Overview of Indian Society 05
2 Concept of Disparity‐ 1 10
3 Concept of Disparity‐2 10
4 The Indian Constitution 10
5 Significant Aspects of Political Processes 10
Total 45

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Sr. No. Modules / Units
1 Overview of Indian Society
Understand the multi -cultural diversity of Indian society through its demographic
composition: population distribution according to religion, caste, and gender;
Appreciate the concept of linguistic diversity in relation to the Indian situation;
Understand regional variations according to rural, urban and tribal characteristics;
Understanding the concept of diversity as difference
2 Concept of Disparity‐ 1
Understand the concept of disparity as arising out of stratification and inequality;
Explore the disparities arising out of gender with special reference to violence
against women, female foeticide (declining sex ratio), and portrayal of women in
media;Appreciate the inequalities faced by people with disabilities and
understand the issues of people with physical and mental disabilities
3 Concept of Disparity‐2
Examine inequalities manifested due to the caste system and inter -group conflicts
arising thereof; Understand inter -group conflicts arising out of communalism;
Examine the causes and effects of conflicts arising out of regionalism and linguistic
differences
4 The Indian Constitution
Philosophy of the Constitution as set out in the Preamble; The structure of the
Constitution -the Preamble, Main Body and Schedules; Fundamental Duties of the
Indian Citizen; tolerance, peace and communal harmony as crucial values in
strengthening the social fabric of Indian society; Basic features of the Constitution
5 Significant Aspects of Political Processes
The party system in Indian politics; Local self -government in urban and rural areas;
the 73rd and 74th Amendments and their implications for inclusive politics; Role
and significance of women in politics

Topics for Project Guidance: Growing Social Problems in India:
 Substance abus e‐ impact on youth & challenges for the future
 HIV/AIDS ‐ awareness, prevention, treatment and services
 Problems of the elderly ‐ causes, implications and response
 Issue of child labour ‐ magnitude, causes, effects and response
 Child abuse ‐ effects and ways to prevent
 Trafficking of women ‐ causes, effects and response

Note:
Out of the 45 lectures allotted for 5 units for Semester I, about 15 lectures may be allotted for
project guidance

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Skill Enhancement Courses (SEC)

5.Foundation Course in NSS - I

Modules at a Glance

Sr.
No. Modules No. of
Lectures
1 Introduction to NSS 10
2 Concept of Society and Social Issues in India 15
3 Indian Constitution and Social Justice 10
4 Human Personality and National Integration 10
Total 45

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Sr. No. Modules / Units
1 Introduction to NSS
Introduction to National Service Scheme(NSS)
Orientation and structure of National Service Scheme(NSS)
National Service Scheme(NSS) - its objectives
The historical perspective of National Service Scheme(NSS)
National Service Scheme(NSS) - Symbol and its meaning
National Service Scheme(NSS) - its hierarchy from national to college level
National Service Scheme(NSS) Regular activities
Distribution of working hours - Association between issues and programs -
community project - urban rural activities, Association - modes of activity
evaluation
2 Concept of Society and Social Issues in India
History and philosophy of social sciences in India
Concept of society - Development of Indian society - Features of Indian Society -
Division of labour and cast system in India
Basic social issues in India
Degeneration of value system, Family system, Gender issues, Regional imbalance
3 Indian Constitution and Social Justice
Indian Constitution
Features of Indian Constitution - Provisions related to social integrity and
development
Social Justice
Social Justice - the concept and its features
Inclusive growth - the concept and its features
4 Human Personality and National Integration
Dimensions of human personality
Social Dimension of Human personality - Understanding of the socity
Physical Dimension of Human personality - Physical Exercise, Yoga, etc.
National integration & Communal Harmony
National Integration - its meaning, importance and practice
Communal Harmony - its meaning, importance and practice

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Skill Enhancement Courses (SEC)

5.Foundation Course in NCC - I

Modules at a Glance

Sr.
No. Modules No. of
Lectures
1 Introduction to NCC, National Integration & Awareness 10
2 Drill: Foot Drill 10
3 Adventure Training, Environment Awareness and
Conservation 10
4 Personality Development and Leadership 10
5 Specialized Subject: Army/ Navy/ Air 05
Total 45

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Sr. No. Modules / Units
1 Introduction to NCC, 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 s ocial cohesion.
 Genesis, Aims, Objectives of NCC & NCC Song
 Organisation& Training
 Incentives & Benefits
 Religions, Culture, Traditions and Customs of India
 National Integration: Importance and Necessity
 Freedom Struggle
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.
 General and Words of Command
 Attention, Stand at Ease and Stand Easy, Turning and Inclining at the Halt
 Sizing, Forming Up in Three Ranks and Numbering, Open and Close Order
March and Dressing
 Saluting at the Halt, Getting On Parade, Dismissing and Falling Out
 Marching, Length of Pace and Time of Marching in Quic k Time and Halt, Slow
March and Halt
 Turning on the March and Wheeling.
 Saluting on the March.
 Formation of squad and Squad Drill.
3 Adventure Training, Environment Awareness and Conservation
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
Environment Awareness and Conservation
Desired outcome: The student will be aware of the conservation of natural
resources and protection of environment.
 Natural Resources – Conservation and M anagement
 Water Conservation and Rainwater Harvesting

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Sr. No. Modules / Units
4 Personality Development and Leadership
Desired outcome : The student will develop an all -round personality with
adequate leadership traits to deal / contribute effectively in life.
 Introduction to Personality Development
 Factors Influencing /Shaping Personality: Physical, Social, Physiological,
Philosophical and Psychological
 Self Awareness Know yourself/ Insight
 Change Your Mind Set
 Communication Skills: Group Discussion / Lecturettes (Public Speaking)
 Leadership Traits
 Types of Leadership
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. Armed Force
 Basic organisation of Armed Forces
 Organisation of Army
 Badges and Ranks
B. Introduction to Infantry and weapons and equipments
 Characteristics of 7.62mm SLR Rifle, Ammunition, Fire power, Stripping,
Assembling and Cleaning
C. Military history
 Biographies of renowned Generals (Carriapa / Sam Manekshaw)
 Indian Army War Heroes - PVCs
D. Communication
 Types of Communic ations
 Characteristics of Wireless Technologies (Mobile, Wi -Fi etc.)

OR
Navy
A. Naval orientation and service subjects
 History of the Indian Navy -Pre and Post Independence, Gallantry award
winners
 Organization of Navy - NHQ, Commands, Fleets, Ships and shore
establishments
 Types of Warships and their role
 Organization of Army and Air Force - Operational and Training commands
 Ranks of Officers and Sailors, Equivalent Ranks in the Three Services
B. Ship and Boat Modelling
 Principles of Ship Modelling
 Maintenance and Care of tools
Sr. No. Modules / Units
C. Search and Rescue
 SAR Organization in the Indian ocean

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D. Swimming
Floating for three minutes and Free style swimming for 50 meters

OR

AIR
A. General Service Knowledge
 Development of Aviation
 History of IAF
B. Principles of Flight
 Introduction
 Laws of Motion
 Glossary of Terms.
C. Airmanship
 Introduction
 Airfield Layout
 Rules of the Air
 Circuit Procedure
 ATC/RT Procedures
 Aviation Medicine
D. Aero - Engines
 Introduction to Aero -engines

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Skill Enhancement Courses (SEC)

5.Foundation Course in Physical Education -I

Modules at a Glance

Sr.
No. Modules No. of
Lectures
1 Introduction to Basic Relevant concepts in Physical
Education 10
2 Components of Physical Fitness 15
3 Testing Physical Fitness 10
4 Effect of Exercise on various Body System 10
Total 45

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Sr. No. Modules / Units
1 Introduction to Basic Relevant concepts in Physical Education
 Dimensions and determinants of Health, Fitness & Wellness
 Concept of Physical Education and its importance
 Concept of Physical Fitness and its types
 Concept of Physical Activity, exercise and its types & benefits
2 Components of Physical Fitness
 Concept of components of Physical Fitness
 Concept and components of HRPF
 Concept and components of SRPF
 Importance of Physical Education in developing physical fitness components.
3 Testing Physical Fitness
 Tests for measuring Cardiovascular Endurance
 Tests for measuring Muscular Strength& Endurance
 Tests for measuring Flexibility
 Tests for measuring Body Composition
4 Effect of Exercise on various Body System
 Effect of exercises on Musculoskeletal system
 Effect of exercises on Circulatory System
 Effect of exercises on Respiratory System
 Effect of exercises on Glandular System

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Ability Enhancement Courses (AEC)

6.Environmental Studies I

Modules at a Glance

Sr.
No. Modules No. of
Lectures
1 Environment and Ecosystem 13
2 Natural Resources and Sustainable Development 13
3 Populations and Emerging Issues of Development 13
4 Urbanisation and Environment 13
5 Reading of Thematic Maps and Map Filling 08
Total 60

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Sr. No. Modules / Units
1 Environment and Ecosystem
Environment: Meaning, definition, scope and its components; concept of an
ecosystem : definition, Characteristics, components and types, functioning and
structure; Food Chain and Food Web - Ecological Pyramids - Man and environment
relationship; Importance and scope of Environmental Studies.
2 Natural Resources and Sustainable Development
Meaning and definitions ; Classification and types of resources, factors influencing
resource; Resource conservation - meaning and methods - l and non -conventional
resources, problems associated with and management of water, forest and energy
resources - resource utilization and sustainable development
3 Populations and Emerging Issues of Development
Population explosion in the world and in India and arising concerns - Demographic
Transition Theory - pattern of population growth in the world and in India and
associated problems - Measures taken to control population growth in India;
Human population an d environement - Environment and Human Health – Human
Development Index – The World Happiness Index
4 Urbanisation and Environment
Concept of Urbanisation – Problems of migration and urban environment -
changing landuse, crowding and stress on urban resources, degradation of air and
water, loss of soil cover impact on biodiversity, Urban heat islands – Emerging
Smart Cities and safe cities in India - Sustainable Cities
5 Reading of Thematic Maps and Map Filling
Reading of Thematic Maps(4 Lectures)
Located bars, Circles, Pie charts, Isopleths, Choroplethand Flow map, Pictograms -
Only reading and interpretation.
Map Filling: (4 Lectures)
Map filling of World (Environmentally significant features) using point, line and
polygon segment.
Concept and Ca lculation of Ecological Footprint

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Elective Courses (EC) -
Discipline Related Elective (DRE) Courses

7.Business Economics I

Modules at a Glance

Sr.
No. Modules No. of
Lectures
1 Introduction 10
2 Demand Analysis 15
3 Supply and Production Decisions 10

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4 Cost of Production 10
Total 45

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Sr. No. Modules / Units
1 Introduction
Scope and Importance of Business Economics - basic tools - Opportunity Cost
principle - Incremental and Marginal Concepts. Basic economic relations -
functional relations: equations - Total, Average and Marginal relations - use of
Marginal analysis in decision making,
The basics of market demand, ma rket supply and equilibrium price - shifts in the
demand and supply curves and equilibrium
2 Demand Analysis
Demand Function - nature of demand curve under different markets
Meaning, significance, types and measurement of elasticity of demand (Price,
income cross and promotional) - relationship between elasticity of demand and
revenue concepts
Demand estimation and forecasting: Meaning and significance - methods of
demand est imation : survey and statistical methods ( numerical illustrations on
trend analysis and simple linear regression)
3 Supply and Production Decisions
Production function: short run analysis with Law of Variable Proportions -
Production function with two variable inputs - isoquants, ridge lines and least cost
combination of inputs - Long run production function and Laws of Returns to Scale
- expansion path - Economies and dise conomies of Scale and economies of scope
4 Cost of Production
Cost concepts: Accounting cost and economic cost, implicit and explicit cost,
social and private cost, historical cost and replacement cost, sunk cost and
incremental cost -fixed and variable cost - total, average and marginal cost - Cost
Output Relationship in the Shor t Run and Long Run (hypothetical numerical
problems to be discussed)
Extensions of cost analysis: cost reduction through experience - LAC and Learning
curve - Break even analysis (with business applications)

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Page 27

Suggested Syllabus for Semester II Accountancy Paper

Module I
IND AS 32 Financial Instruments – Presentation
IND AS 39 Financial Instruments – recognition and measurement

Module II
IND AS 107 Financial Instruments – disclosures in re -classification and fair value measurement and
liquidity risk.
IND AS 109 Financial Instruments – classification, assessment of credit losses, hedge accounting and
disclosures.


Module II
IND AS 104 Insurance Contracts
Contract classification and unbundling
Recognition and measurement
Nature and e xtent of risks arising in Insurance Contracts
Disclosure

Module IV
IND AS 19 Employee Benefits
Models used in actuarial valuationof gratuity in India. (Practical questions on valuation
can be covered.)
Disclosures under AS 15 and AS 19
Reconciliation of Assets and liability, Assets ceiling
Impact on implementation

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Suggested question paper pattern for Accountancy Paper (Semester II)
Q.1 (A) Practical Question from Module I 7 marks
(B) Practical question from Module I 8 marks

Or
Q.1 Full length question from Module I 15 marks

Q.2 (A) Practical Question from Module II 7 marks
(B) Practical question from Module II 8 marks
Or

Q.2 Full length question from Module II 15 marks

Q.3 (A) Practical Question from Module III 7 marks
(B) Practical question from Module III 8 marks
Or
Q.3 Full length question from Module III 15 marks

Q.4 (A) Practical Question from Module IV 7 marks
(B) Practical question from Module IV 8 marks
Or
Q.4 Full length question from Module IV 15 marks
Q.5 Objective type questions 15 marks
( Match the following, fill in the blanks, Give one word for MCQs)
Or
Q.5 Short notes (An swer any 3 out of 5) 15 marks

Page 29

INSURANCE BUSINESS (Life and Other Contingencies)
UNIT I
Life Insurance Organization – Introduction –Approaches to life insurance – The Indian Context – Internal
Organization – The Distribution System – Appointment of Agent -Functions of Agent – Agency continuation
and termination – Remuneration To Agents – Trend s in Life Insurance – Distribution Channels – Premiums
and Bonuses – Net and Pure Premium – Premium Calculation -Lapse and Revival – Special Revival Scheme –
Instalment Revival Scheme – Loan – Cum – Revival Scheme. Assignment, Nomination
UNIT II
Introduc tion to Actuarial Valuation – Bonus – Simple Reversionary Bonus – Compound Reversionary Bonus –
Interim Bonus. Plans of Life Insurance – Death Cover – Survival Benefit – Term Assurance – Pure
Endowment – Linked – Some Popular Plans - Common Variations – With Profit and Without Profit Policies –
Joint Life Policies – Children Plans – Variable Insurance Plans – Postal Life Insurance.
UNIT III
Annuities – The Nature of Annuity – Immediate Annuity – Deferred Annuity. Group Insurance – Introduction
– Meaning of Group Insurance – Types of Group Insurance Schemes – Group Gratuity Schemes – Ways To
Meeting Gratuity Liability – Group Superannuation Scheme – Group Leave Encashment Scheme (GLES) –
Other Group Schemes – Social Security Schemes. Other Special Need Plans – Industrial Life Insurance –
Married Women‘s Property (MWP) Act Policies – Plans for differently abled.
UNIT IV
Introduction to Health Insurance – Range of Products –Awareness about health Contingencies -Importance
of Health Insurance in India -Growth and evolution of Health Insurance companies in India – Insurance and
Equity Funds – Insurance and Debt Funds – Insurance and Money Market Funds – Liquid Funds – Balanced
Funds – Premium Holiday – Annuities and Pensions –Future for Health Insurance
Financial Mathematics
Syllabus for Actuarial Science for B.Com Applied Course.
Second Semester
Unit 1
Matrices

Page 30

Introduction – Definition of a Matrix, types of Matrices, Equal Matrices, Matrix Addition,
Multiplication of a matrix by a scalar, Matrix Multiplication, Problems on the above concepts.
Transpose of a matrix, Orthogonal; Matrix, Symmetric and Skew -symmetric Matrices, Determinant
of a square Matrix, Adjoint of a Matrix, Inverse of a Matrix.
Problems based on the above concepts.
Elementary ope rations on a matrix, Reduction Method for finding inverse of a matrix, Solution of a
system of Linear Equations.
Problems based on the above concepts.
Unit 2
Graph of Linear Inequalities
Introduction, Inequality, solution of an inequality, Graph of an ine quality, System of Linear
Inequalities,
Mathematical Formulation of Linear Programming Problems.Solution of Linear Programming
Problems using graphical method up to two variables.
Application of Linear inequalities in Practical problems .
Unit 3
Annuity and Sinking Funds
Introduction - Concept of annuity, Classification of Annuities, Amount of an ordinary annuity,
Present value of an Ordinary Annuity, Amount of an annuity due, Present value of an Annuity Due.
Amount of a deferred Annuity, sinking fund, Perpetual Annuity, Amortization, Leasing, Capital
expenditure and bonds.

Unit 4
Shares and Mutual Funds
Introduction - Concept of share, face value, market value, dividend, equity shares, preferential
shares, bonus shares. Problems based on these concepts. .

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b. Mutual Funds: Simple problems on calculation of Net income after considering entry load,
dividend, change in Net Asset Value (N.A.V.) and exit load. Averaging of price under the
Systematic Investment Plan (S.I.P.)
------------------------------------- --------------------------------------------------------------------------------








Ability Enhancement Courses (AEC)

4.Business Communication II

Modules at a Glance

Sr.
No. Modules No. of
Lectures
1 Presentation Skills 10
2 Group Communication 15
3 Business Correspondence 10
4 Language and Writing Skills 10
Total 45

Note:
One tutorial per batch per week in addition to number of lectures stated above
(Batch size as per the University norms)

Page 32

Sr. No. Modules / Units
1 Presentation Skills
Presentations: (to be tested in tutorials only) 4 Principles of Effective
Presentation
Effective use of OHP
Effective use of Transparencies
How to make a Power -Point Presentation
2 Group Communication
Interviews: Group Discussion Preparing for an Interview, Types of Interviews –
Selection, Appraisal, Grievance, Exit
Meetings: Need and Importance of Meetings, Conduct of Meeting and Group
Dynamics Role of the Chairperson, Role of the Participants, Drafting of Notice,
Agend a and Resolutions
Conference: Meaning and Importance of Conference Organizing a Conference
Modern Methods: Video and Tele – Conferencing
Public Relations: Meaning, Functions of PR Department, External and Internal
Measures of PR
3 Business Correspondence
Trade Letters: Order, Credit and Status Enquiry, Collection (just a brief
introduction to be given)
Only following to be taught in detail: -
Letters of Inquiry, Letters of Complaints, Claims, Adjustments Sales Letters,
promotional leaflets and fliers Consu mer Grievance Letters, Letters under Right to
Information (RTI) Act
[Teachers must provide the students with theoretical constructs wherever
necessary in order to create awareness. However students should not be tested
on the theory.]
4 Language and Writing Skills
Reports: Parts, Types, Feasibility Reports, Investigative Reports
Summarisation: Identification of main and supporting/sub points Presenting
these in a cohesive manner

Tutorial Activities:
Presentations, Group Discussion, Mock Interviews, Mock Meetings / Conferences, Book
Reviews/Summarization, Reading Comprehension: Analysis of texts from the field of Literature
[Suggested Books for Book Reviews: Books from the fields of Management, Finance, and Literature
Like – Sun Tzu :The A rt of War, Eliyahu M. Goldratt : The Goal , Eliyahu M. Goldratt: It’s Not Luck ,
Spencer Johnson: Who Moved My Cheese, Stephen Lundin, Ph.D, Harry Paul, John Christen: Fish,
ChetanBhagat One Night At A Call Center, ChetanBhagat My Three Mistakes , ArindamC houdhary:
Count Your Chickens Before They Hatch ,Stephen Covey :Seven Habits of Successful People, George
Orwell: Animal Farm, Dr. Abdul Kalam: Wings of Fire ]
[N.B.: The above list is only indicative and not prescriptive. ]

Page 33

Page 34

Skill Enhancement Courses (SE C)

5. Foundation Course - II

Modules at a Glance

Sr.
No. Modules No. of
Lectures
1 Globalisation and Indian Society 07
2 Human Rights 10
3 Ecology 10
4 Understanding Stress and Conflict 10
5 Managing Stress and Conflict in Contemporary Society 08
Total 45











Sr. No Modules /Units
1 Globalisation and Indian Society

Page 35

Understanding the concepts of liberalization, privatization and globalization;Growth
of information technology and communication and its impact manifested in
everyday life; Impact of globalization on industry: changes in employment and
increasing migration; Changes in agrarian sector due to globalization; rise in
corporate farming and inc rease in farmers’ suicides.
2 Human Rights
Concept of Human Rights; origin and evolution of the concept; The Universal
Declaration of Human Rights;Human Rights constituents with special reference to
Fundamental Rights stated in the Constitution
3 Ecology
Importance of Environment Studies in the current developmental context;
Understanding concepts of Environment, Ecology and their interconnectedness;
Environment as natural capital and connection to quality of human life;
Environmental Degradation‐ causes a nd impact on human life;Sustainable
development‐ concept and components; poverty and environment
4 Understanding Stress and Conflict
Causes of stress and conflict in individuals and society; Agents of socialization and
the role played by them in developing the individual; Significance of values, ethics
and prejudices in developing the individual; Stereotyping and prejudice as
significant factors in causing conflicts in society. Aggression and violence as the
public expression of conflict
5 Managing Stress and Conflict in Contemporary Society
Types of conflicts and use of coping mechanisms for managing individual stress;
Maslow’s theory of self‐actualisation;Different methods of responding to conflicts in
society; Conflict‐resolution and ef forts towards building peace and harmony in
society

Skill Enhancement Courses (SEC)

5. Foundation Course in NSS - II

Modules at a Glance

Sr.
No. Modules No. of
Lectures
1 Socio -economic Survey and Special Camp 10
2 Orientation of the College Unit and Communication Skills 15

Page 36

3 Rapport with Community and Programme Planning 10
4 Government Organisations /Non -Government
Organisations 10
Total 45

Page 37

Sr. No. Modules / Units
1 Socio -economic Survey and Special Camp
Socio economic survey
Socio -economic survey - its meaning and need,
Process of Socio -economic survey - design of questionnaire; data collection, data
analysis and report writing
Special camping activity
Concept of camp - Identification of community problems - Importance of group
living - Team building - Adoption of village - Planning for camp - pre camping, during
the course of camp and post camping activities
2 Orientation of the College Unit and Communication Skills
Training and orientation of the program unit in the college
Leadership training – formation of need based programmmes - Concept of
campus to community(C to C) activities
Communication skills and Documentation
Communication skills - the concept, Verbal, Non -Verbal communication
The documentation - Activity Report W riting – basics of NSS accounting – Annual
Report – Press note and preparation
3 Rapport with Community and Programme Planning
Working with individual group and community
Ice breaking - interaction games – conflict resolution
Program planning
Programme planning - the concept and its features, requirements for successful
implementation of program - program flow charting - feedback
4 Government Organisations /Non -Government Organisations
Structure of Government Organisations and Non -Government Organisations
Government organisations (GO) - its meaning -Legal set up, functioning, Sources
of funding
Non -Government organisations (NGO) - its meaning -Legal set up, functioning,
Sources of funding
National Service Scheme(NSS) - Government organisations (GO) and Non -
Government organisations (NGO)
Government schemes for community development
Schemes os Government welfare departments for community development -
provisions & examples

Page 38

Skill Enhancement Courses (SEC)

5.Foundation Course in NCC - II

Modules at a Glance

Sr.
No. Modules No. of
Lectures
1 Disaster Management, Social Awareness and Community
Development 05
2 Health and Hygiene 10
3 Drill with Arms 10
4 Weapon Training 10
5 Specialized Subject: Army Or Navy Or Air 10
Total 45

Page 39

Sr. No. Modules / Units
1 Disaster Management, Social Awareness and Community Development
Disaster Management:
Desired outcome: The student shall gain basic information about civil
defenceorganisation / NDMA & shall provide assistance to civil administration in
various types of emergencies during natural / manmade disasters
 Civil DefenceOrganisation and Its Duties/ NDMA
 Types of Emergencies/ Natural Disaster
 Assistance during Natural / Other Calamities: Flood / Cyclone/ Earth Quake/
Accident etc.
 ‘Avan’ model of NCC
Social Awareness and Community Development:
Desired outcome: The student shall have an understanding about social service
and its need, about NGO s and shall participate in community action programmes
for betterment of the community.
 Basics of Social Service, Weaker Sections of Our Society and Their Needs
 Social/ Rural Development Project: MNREGA, SGSY, NSAP etc.
 Contribution of Youth towards Social Welfare
 Civic Responsibilities
 Causes & Prevention of HIV/AIDS; Role of Youth
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.
 Structure and Functioning of the Human Body
 Hygiene and Sanitation (Personal and Food Hygiene)
 Infectious & Contagious Diseases & Their Prevention
3 Drill with Arms
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.
 Attention, Stand at Ease and Stand Easy
 Getting on Parade with Rifle and Dr essing at the Order
 Dismissing and Falling Out
 Ground / Take Up Arms
 Present From the Order and Vice -versa
 General Salute, Salami Shastra
4 Weapon Training
Desired outcome: The student shall have basic knowledge of weapons and their
use and handling.
 Characteristics of a Rifle / Rifle Ammunition and its Fire Power
 Stripping, Assembling, Care and Cleaning and Sight Setting of .22 rifle
 Stripping, Assembling, Care and Cleaning of 7.62mm SLR
 Loading, Cocking and Unloading
 The lying position, Holding and Aiming - I
 Trigger control and firing a shot
 Range procedure and safety precautions
 Short range firing, Aiming - II -Alteration of sight
Sr. No. Modules / Units

Page 40

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 reading
 Introductio n to types of Maps and Conventional signs
 Scales and Grid system
 Topographical forms and technical terms
 Relief, contours and Gradients
 Cardinal points and Types of North
 Types of bearings and use of Service Protractor
 Prismatic compass and its use and GPS
B. Field Craft and Battle Craft
 Introduction
 Judging distance
 Description of ground
 Recognition, Description and Indication of landmarks and targets

OR
Navy
A. Naval Communication
 Introduction to Naval Modern Communication, Purpose and Principles
 Introduction of Naval communication
 Duties of various communication sub -departments
 Semaphore
 Introduction of position of letters and prosigns
 Reading of messages
 Transmission of messages
B. Seamanship
 Anchor work
 Parts of Anchor and Cable, their identification
 Rigging
 Types of ropes and breaking strength - stowing, maintenance and
securing of ropes
 Practical Bends and Hitches: Reef Knot, Half hitch, Clove Hitch, Rolling
Hitch, Timber Hitch, Bow Line, Round Turn and Two half hitch and Bow
line on the Bight and its basic el ements and uses.
 Introduction to Shackles, Hooks, Blocks and Derricks, Coiling Down and
Splicing of rope
C. Boat work
 Parts of Boat and Parts of an Oar
 Instruction on boat Pulling - Pulling orders
 Steering of boat under oars, Practical instruction on Boat Pull ing,
Precautions while pulling

Page 41

Sr. No. Modules / Units
OR

Air
A. Air frames
 Aircraft Controls
 Landing Gear
B. Instruments
 Basic Flight Instruments
C. Aircraft Particulars
 Aircraft Particulars (Type specific)
D. Aero modelling
 History of Aero modelling
 Materials used in Aero modelling
 Type of Aero models
 Flying/ Building of Aero models

Page 42

Skill Enhancement Courses (SEC)

5.Foundation Course in Physical Education - II

Modules at a Glance

Sr.
No. Modules No. of
Lectures
1 Development of Fitness 10
2 Health, Fitness and Diseases 15
3 Yoga Education 10
4 Daily Schedule of Achieving Quality of Life and Wellness 10
Total 60

Page 43

Sr. No. Modules / Units
1 Development of Fitness
 Benefits of physical fitness and exercise and principles of physical fitness
 Calculation of fitness index level 1 -4
 Waist -hip ratio Target Heart Rate, BMI and types and principles of exercise
(FITT)
 Methods of training – continues, Interval, circuit, Fartlek and Plyometric
2 Health, Fitness and Diseases
 Definition of obesity and its management
 Communicable diseases, their preventive and therapeutic aspectS
 Factors responsible for communicable diseases
 Preventive and therapeutic aspect of Communicable and non - communicable
diseases
3 Yoga Education
 Meaning and history of yoga
 Ashtang yoga and types of yoga
 Types of Suryanamaskar and Technique of Pranayam
 Benefits of Yoga
4 Daily Schedule of Achieving Quality of Life and Wellness
 Daily schedule based upon one’s attitude, gender, age &occupation.
 Basic – module: - Time split for rest, sleep, diet, activity & recreation.
 Principles to achieve quality of life: - positive attitude, daily regular exercise,
control over food habits & healthy hygienic practices.

Page 44

Elective Courses (EC) -
Discipline Related Elective (DRE) Courses

6.Commerce I (Business Environment Paper -II)

Modules at a Glance

Sr.
No. Modules No. of
Lectures
1 Business 12
2 Business Environment 11
3 Project Planning 12
4 Entrepreneurship 10
Total 45

Page 45

Sr. No. Modules / Units
1 Business
Introduction: Concept, Functions, Scope andSignificance of business. Traditional
and Modern Concept of business.
Objectives of Business: Steps in setting business objectives, classification of
business objectives,Reconciliation of Economic and Social Objectives.
New Trends in Business: Impact of Liberalization, Privatization and
Globalization,Strategy alternatives in thechanging scenario, Restructuring and
turnaround strategies
2 Business Environment
Introduction: Concept and Importance of business environment, Inter -
relationship between Business and Environment
Constituents of Business Environment: Internal and External Environment,
Educational Environment and its impact,International Environment – Current
Trends in the W orld, International Trading Environment – WTO and Trading Blocs
and their impact on Indian Business.
3 Project Planning
Introduction: Business Planning Process; Concept and importance ofProject
Planning; Project Report; feasibility Study types and its importance
Business Unit Promotion: Concept and Stages of Business Unit Promotion,
Location – Factors determining location, and Role of Government in Promotion.
Statutory Requirements in Promoting B usiness Unit: Licensing and Registration
procedure, Filling returns and other documents, Other important legal provisions
4 Entrepreneurship
Introduction: Concept and importance ofentrepreneurship, factorsContributing to
Growth ofEntrepreneurship,Entrepreneur and Manager,Entrepreneur and
Intrapreneur
The Entrepreneurs: Types of
Entrepreneurs,CompetenciesofanEntrepreneur,Entrepreneurship Training
andDevelopment centers in India.Incentives to Entrepreneurs inIndia.
Women Entrepreneu rs: Problems and Promotion.

Page 46

Elective Courses (EC) -
Discipline Related Elective(DRE) Courses

7. Business Economics II

Modules at a Glance

Sr.
No. Modules No. of
Lectures
1 Market structure: Perfect competition and
Monopoly 10
2 Pricing and Output Decisions under Imperfect
Competition 15
3 Pricing Practices 10

Page 47

4 Evaluating Capital Projects 10
Total 45

Page 48

Sr. No. Modules / Units
1 Market structure: Perfect competition and Monopoly
Perfect competition and Monopoly models as two extreme cases - profit
maximisation and the competitive firm’s supply curve - Short run and long run
equilibrium of a firm and of industry - monopoly - Sources of monopoly power
– short run and long - run equil ibrium of a firm under Monopoly
2 Pricing and Output Decisions under Imperfect Competition
Monopolistic competition: competitive and monopolistic elements of
monopolistic competition - equilibrium of a firm under monopolistic
competition, monopolistic competition verses perfect competition - excess
capacity and inefficiency - debate over role of advertising ( topics t o be taught
using case studies from real life examples)
Oligopolistic markets: key attributes of oligopoly - Collusive and non collusive
oligopoly market - Price rigidity - Cartels and price leadership models (with
practical examples)
3 Pricing Practice s
Cost oriented pricing methods: cost – plus (full cost) pricing, marginal cost
pricing, Mark up pricing, discriminating pricing, multiple – product pricing -
transfer pricing (case studies on how pricing methods are used in business
world)
4 Evaluating Capital Projects
Meaning and importance of capital budgeting - steps in capital budgeting -
+Techniques of Investment appraisal: Payback Period Method, Net Present
Value Method, and Internal Rate of Return Method (with numerical examples)

Page 49

Revised Syllabus of Courses of B.Com.Programme at
Semester I and II
with effect from the Academic Year 2016 -2017

Reference Books

Reference Books
Accountancy and Financial Management
 Introduction to Accountancy by T. S. Grewal , S. Chand and Company (P) Ltd., New Delhi Advance
Accounts by Shukla&Grewal, S. Chand and Company (P) Ltd., New Delhi
 Advanced Accountancy by R. L Gupta and M Radhaswamy, S. Chand and Company (P) Ltd., New Delhi
 Modern Accountancy by Mukherjee and Hanif, Tata Mc. Grow Hill & Co. Ltd., Mumbai Financial
Accounting by LesileChandwichk, Pentice Hall of India AdinBakley (P) Ltd.
 Financial Accounting for Management by Dr. Dinesh Harsalekar, Multi -Tech. Publishing Co. Ltd.,
Mumbai.
 Financial Accounting by P. C. T ulsian, Pearson Publications, New Delhi Accounting Principles by
Anthony, R.N. and Reece J.S., Richard Irwin Inc.
 Financial Accounting by Monga, J.R. Ahuja, GirishAhujaandShehgal Ashok, Mayur Paper Back
 Compendium of Statement & Standard of Accounting, ICA I.
 Indian Accounting Standards, Ashish Bhattacharya, Tata Mc. Grow Hill & Co. Ltd., Mumbai Financial
Accounting by Williams , Tata Mc. Grow Hill & Co. Ltd., Mumbai
 Company Accounting Standards by ShrinivasanAnand, Taxman. Financial Accounting by V.
Rajasek aran, Pearson Publications, New Delhi. Introduction to Financial Accounting by Horngren,
Pearson Publications.
 Financial Accounting by M. Mukherjee.M. Hanif. Tata McGraw Hill Education Private Ltd; New Delhi
Commerce
 Business Organisation Management Maheshwari, Rajendra P ,Mahajan, J.P.,International Book
House
 Business Organisation, Maheshwari, Rajendra P, Mahajan, J.P., International Book House
 Introduction To Commerce, Vikram, Amit, Atlantic Pub
 A Course Book On Business Environment, Cherunilam,Fra ncis, Himalaya Pub
 Business Environment, Cherunilam,Francis, Himalaya Pub
 Essentials Of Business Environment, Aswathappa,K., Himalaya Pub
 Essentials Of Business Environment, Aswathappa, Himalaya Pub
 Strategic Management, Kapoor, Veekkas, Taxmann
 Strategic Management, David,Fred R., Phi Leraning
 Strategic Management, Bhutani, Kapil, Mark Pub.
 Strategic Management, Bhutani, Kapil, Mark Pub.
 Entrepreneurship, Hisrich, Robert D, McGraw Hill
 Entrepreneurship Development, Sharma, K.C., Reegal Book Depot
 Service M arketing, Temani, V.K., Prism Pub
 Service Marketing, Temani, V.K., Prism Pub
 Management Of Service Sector, Bhatia, B S, V P Pub
 Introduction To E – Commerce, Dhawan, Nidhi, International Book House
 Introduction To Retailing, Lusch,Robert F.,Dunne,Patrick M., Carver,James R.,Cengage Learning
 Retailing Management, Levy Michael., Weitz Barton A,TataMcgraw Hill

Page 50

Reference Books
Business Economics
 Mehta, P.L.: Managerial Economics – Analysis, Problem and Cases (S. Chand & Sons, N. Delhi, 2000)
 Hirchey .M., Managerial Economics, Thomson South western (2003)
 Salvatore, D.: Managerial Economics in a global economy (Thomson South Western Singapore, 2001)
 Frank Robert.H, Bernanke. Ben S., Principles of Economics (Tata McGraw Hill (ed.3)
 Gregory Mankiw., Principles of Economics, Thomson South western (2002 reprint)
 Samuelson &Nordhas.: Economics (Tata McGraw Hills, New Delhi, 2002)
 Pal Sumitra, Managerial Economics cases and concepts (Macmillan, New Delhi,2004)
Business Communication
 Agarwal, AnjuD( 1989) A Practical Handbook for Consumers, IBH.
 Alien, R.K.(1970) Organisational Management through Communication.
 Ashley,A(1992) A Handbook Of Commercial Correspondence, Oxford University Press.
 Aswalthapa, K (1991)OrganisationalBehaviour, Himalayan Public ation, Mumbai.
 Atreya N and Guha (1994) Effective Credit Management, MMC School of Management, Mumbai.
 Bahl,J.C. and Nagamia,S.M. (1974) Modern Business Correspondence and Minute Writing.
 Balan,K.R. and Rayudu C.S. (1996) Effective Communication, Beacon Ne w Delhi.
 Bangh, LSue, Fryar,Maridell and Thomas David A. (1998) How to Write First Class Business
Correspondence, N.T.C. Publishing Group USA.
 Banerjee, Bani P (2005) Foundation of Ethics in Mangement Excel Books 10.Businessworld Special
Collector’s Issue: Ethics and the Manager
 Barkar, Alan(1993) Making Meetings Work, Sterling Publications Pvt. Ltd., New Delhi.
 Basu,C.R.(1998) Business Organisation and Management, T.M.H.New Delhi.
 Benjamin, James (1993) Business and Professional Communication Concepts and Practices, Harper
Collins College Publishers, New York.
 Bhargava and Bhargava91971) Company Notices, Meetings and Regulations
 Black, Sam (1972) Practical Public Relations, E.L.B.S. London.
 BoveeCourtland,L and Thrill, John V(1989) Business Communication, Today McGraw Hill, New York,
Taxman Publication.
 Burton, G and Thakur, (1995) Management Today - Principles and Practices. T.M.H.,New Delhi.
 Darrow, Richard, Forrstal, Dan and Coolman, Aubrey (1967) Public R elations Handbook, TheDartwell
Co., Chicago.
 Dayal, Ishwar(9810) Managing Large Organizations: A Comparative Study.
 Drucher,P.F.((1970) Technology, Management and Society, Pan Books London.
 Drucher,P.F.((1974)Management Responsibilities Practices, Heineman n, London. 22.Eyre, E.C. (1985)
Effective Communication Made Simple, Rupa and Co.Calcutta.
 Ecouse Barry, (1999), Competitive Communication: A Rhetoric for Modern Business, OUP.
 Fisher Dalmar, (1999), Communication in Organisation, Jaico Pub House, Mumbai, Delhi.
 Frailley, L.E. (1982) Handbook of Business Letters, Revised Edn. Prentice Hall Inc.
 French, Astrid (1993) Interpersonal Skills. Sterling Publishers, New delhi.
 27 Fritzsche, David J (2005) Business Ethics: A Global and Managerial Perspective McGraw Hill
 Garlside, L.E. (1980) Modern Business Correspondence, McDonald and Evans Ltd. Plymouth.
 Ghanekar,A(1996) Communication Skills for Effective Management. Everest Publishing House, Pune.
 Graves, Harold F. (1965) Report Writing, Prentice Hall, New Jersey.
 Gupta, Anand Das (2010) Ethics, Business and Society: Managing Responsibly Response Books
32.Gupta, Dipankar (2006) Ethics Incorporated: Top Priority and Bottom Line Response Books
 Krevolin, Nathan (1983) Communication Systems and Procedures for Modern Of fice, Prentice Hall,
New Jersey.
 Lesikar, Raymond V and Petit, John D.(1994) Business Communication: Theory and Application ,
Richard D. Irwin Inc. Ilinois.

Page 51

Reference Books
 Ludlow,Ron.(1995) The Essence of Effective Communication, Prentice , New Delhi.
 36.M. Ashraf, Rizvi (2006) Effective Technical Communication Tata McGraw Hill
 Martson, John E. 1963) The Nature of Public Relations, McGraw Hill, New Delhi.
 Majumdar,P.K.(1992) Commentary on the Consumer protection Act, Prentice, New Delhi.
 McQuail, Denis (1975), Communication, Longman.
 Merrihue, William (1960) Managing by Communication, McGraw Hill, New York. 41.Mishra Rajiv K
(2006) Code of Conduct for Managers Rupa Company
 Monippalli, M.M. (1997),The Craft of Business Letter Writing, T.M.H. New Delhi.
 Montagu,A and Matson , Floyd(1979) The Human Connection, McGraw Hill,New York.
 Murphy, Herta and Hilde Brandt, Herbert W (1984) Effective Business Communication, McGraw Hill,
New York.
 Parry, John (1968) The Psychology of Human Communication.
 Parson, C.J. a nd Hughes (1970) Written Communication for Business Students, Great Britain.
 Peterson, Robert A and Ferrell, O.C (2005) Business Ethics: New Challenges for Business Schools and
Corporate Leaders Prentice Hall of India Pvt., Ltd
 Phillip, Louis V. (1975) Org anisational Communication - The Effective Management, Columbus Grid Inc.
49.. Ross, Robert D. (1977) The Management of Public Relations, John Wiley and Sons, U.S.A.
 Sadri Sorab, SinhaArun and Bonnerjee peter (1998) Business Ethics: Concepts and Cases Tata M cGraw
Hill Public Company Limited
 Shekhar, R.C (1997) Ethical Choices in Business Response Books
 Stephenson, James (1988) Principles and Practice of Commercial Correspondence, Pilman and Sons
Ltd. London.
 53.. Shurter, Robert L. (1971) Written Communicatio n in Business, McGraw Hill, Tokyo
Environmental Studies
 Singh, Savindra, 2011 : Environmental Geography, PrayagPustakBhavan,Allahabad, India
 GautamAlka, 2009 : Environmental Geography, ShardaPustakBhavan, Allahabad,India
 Odum E.P. (1971) : Fundamentals of Ecology,W.B. Saunders, Philadelphia
 Botkin D.B. & Keller E.A.,1995 : Environmental Science, John Wiley & Sons, New York
 McKinney M.L. &Schoch R.M.,1998 : Environmental Science, Jones & Bartlett Publishers, London
 Allaby M. 20 02 : Basics of Environmental Sciences, Routledge, London
 Detwyler T.R., 1971: Man’s Impact on Environment, McGraw‐Hill, New York
 Rao K.L. 1975 : India’s Water Wealth, Orient Longman Ltd. New Delhi
 Ahirrao W.R. & others, ParyavaranVijnan (Marathi), NiraliPr akashan, Pune
Foundation Course
 Social and Economic Problems in India, Naseem Azad, R Gupta Pub ( 2011)
 Indian Society and Culture, Vinita Padey, Rawat Pub (2016)
 Social Problems in India, Ram Ahuja, Rawat Pub (2014)
 Faces of Feminine in Ancient , medivial and Modern India, Mandakranta Bose Oxford University Press
 National Humana rights commission - disability Manual
 Rural, Urban Migration : Trends, challenges & Strategies, S Rajagopalan, ICFAI - 2012
 Regional Inequilities in India Bhat L S SSRD - New Delhi
 Urbanisation in India: Challenges, Opportunities & the way forward, I J Ahluwalia, Ravi Kanbur, P K
Mohanty, SAGE Pub ( 2014)
 The Constitution of India, P M Bakshi 2011
 The Problems of Linguistic States in India, Krishna Kodesia Sterling Pub
 Politics in India: structure, Process and Policy SubrataMitra, Rouutlege Pub
 Politics in India, Rajani Kothari, Orient Blackswan
 Problems of Communilism in india, Ravindra Kumar Mittal Pub
 Combating communalism in India: Key to National Integration, KawalKishorBha rdwaj, Mittal Pub

Page 52

Reference Books
Foundation Course in 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
 RashtriyaSevaYojanaSankalpana - Prof.Dr.SankayChakane, Dr.Pramod \Pabrekar, Diamond
Publication, Pune
 National Service Scheme Manual for NSS District Coordinato rs, 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, Mantr alaya, UTKARSHA - 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 Journal, 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.
 PurushottamSheth, 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/nat ional -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
Foundation Course in NCC
 Cadet’s Hand book – 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.,VinayakDalvie, Proceedings of Int. Conf. on Urban Plan.
andEnvStrat& Challenges, Elphinstone College, Jan 2007.
 Humanistic Tradition of India,N.L.Gupta, Mohit Publication, New Delhi
 Social psychology, Baron & Byrne, Pearson Publication, 12th Edition self awareness know yourself /
insight (110) Group & Individua ls (374) Group discussion
 Chanakya’s 7 Secrets of Leadership, RadhakrishananPillai and D.Shivnandhan, Jaico
 Social Psychology: Understanding Human Interaction, Baron, Robert A., (302/BAR/BYR),7th Edition
 Seven Habits of Highly Effective People., Covey , St ephen
 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. , ShubhadaSara swat, (362P)
 India 1996 - A Reference Annual Govt. of India
 SahaSoneri Pane, Vinayak D. Savarkar
 Environmental Biology and Toxicology, P.D. Sharma., Rastogi Publication
 Environmental Science, S.C. Santra, New Central Book Agency

Page 53

Reference Books
 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 Na tional Cadet Corps, V. Longer, Lancer international, 1983Original from
the University of Michigan
 National Cadet Corps of India, Man Mohan Sharma, Vision Books, 1980Original from the University of
Michigan
 The National Cadet Corps Act, 1948, as Modify Up t o the 1st July 1963, India, Government of India
Press, 1963(Military Law)
 Cadet Corps in India: Its Evolution and Impact, Satis Chandra Maikap, DarbariUdyog, 1979Original
from the University of California
 National Cadet Corps: 100 Years of Distinction, Nat ional 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, Lambe rt 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 Publications ,
Ahmedabad
 Global Partners for Sustainable Development, Pachauri R.K &Srivastava L., Tata Energy Research
Institute, New Delhi ; 1994, 1998
 Ecology and the Politics o f survival : Conflict over Natural Resources in India, Shiva , Vandana, Sage
Publications , California , 1991
Foundation Course in Physical Education
 LippianCott Williams and Wilkins 2006.
 American College of Sports Medicine, ACSM’s, Guidelines for Exercise Testing and Priscription. (2013) Ninth
Edition, LippianCott Williams and Wilkins.
 American College of Sports Medicine, ACSM’s Resource Manual for Guidelines for Exercise Testing and
Prisc ription. (2006) 5th Ed., LippianCott Williams and Wilkins, 2006.
 Beashel, P.,& Taylor, J. (1996). Advance Studies in Physical Education and Sports. U.K.: Thomas Nelson and
Sons Ltd.
 Bucher, C.A. (1995). Foundation of Physical Education (12th Ed.) USA : St . Louis,
 C.V. Mosloy.
 Colfter, G.R., Hamilton, K.E., Magill R.A.,& Hamilton B.J. (1986). Contemporary Physical Education. USA
:Wim C. Brown Publisher.
 Daryl S. (1994). Introduction to physical education, fitness and sports (2nd ed.). London: Mayfield
publi shing company.
 Dheer, S.D.(1991). Introduction to Health Education. New Delhi : Friends Publication.
 Dr.A.K.Uppal&Dr. G. P. Gautam (2004). Physical education and Health. Delhi: Friends publisher.
 Dr.Gharote M. L; Teaching Methods for Yogic Practices. – 2nd Ed., KaivalyadhamSamiti, Lonavala - 2001.
 Dr.Gharote M. L; Guideline for Yogic Practices – 2nd Ed., The Lonavala Yoga Institute (India), Lonavala -
2007
 Greenberg, Dintiman, Oakes. (2004). Physical Fitness & wellness.(3rd ed.) IL:Human kinetics.

Page 54

Reference Books
 Halfield, F.C. (2001). Fitness : The Complete Guide. USA : International Sports Science Association.
 Jackson, A.L., Morrow, J.R. (2004). Physical activity for health & fitness. IL:Human kinetics.
 Kamlesh , M.L. (2002). Foundation 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 – Anatomy of the human body, Feber&Feber Oxford University, 1975
 Muller, J. P.(2000). Health, Exercise and Fitness. Delhi : Sports.
 Murgesh N. – Anatomy, Physiology and Health Education, Sathya, Chinnalapatti, 1990.
 NASPE. (2005). Physical Education for lifelong fitne ss. The physical Best teacher’s guide. IL:Human Kinetics
 Nieman, D.C.(1986). Fitness and Sports Medicine : Health Related Approach London: Mayfield Publishing
Co.
 Nimbalkar. Sadashiv, Yoga for Health and Peace. - 6th Ed., Yoga VidyaNiketan, Mumbai., 2004.
 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 Edu cation and Exercise Science. St.
Louis,Toronto,Bastan : Times Mirror/Mosby College Publishing.
 Sharma, O.P. (1998). History of Physical Education. Delhi: KhelSahityaKendra.Werner. W.K., Hoeger.
(2007). Fitness and Wellness. (8th ed.). Wadsworth, Cengage Le arning.
Mathematical and Statistical Techniques
 Mathematics for Economics and Finance Methods and Modelling by Martin Anthony and Norman
Biggs, Cambridge University Press, Cambridge low‐priced edition, 2000, Chapters 1, 2, 4, 6 to 9 & 10.
 Applied Calculus: By Stephen Waner and Steven Constenoble, Brooks/Cole Thomson Learning, second
edition, Chapter 1 to 5.
 Business Mathematics By D. C. Sancheti and V. K. Kapoor, Sultan Chand & Sons, 2006, Chapter 1, 5, 7,
9 &10.
 Mathematics for Business Ec onomics: By J. D. Gupta, P. K. Gupta and Man Mohan, Tata Mc‐ Graw Hill
Publishing Co. Ltd., 1987, Chapters 9 to 11 & 16.
 Quantitative Methods‐Part‐I By S. Saha and S. Mukerji, New Central Book Agency, 1996, Chapters 7 &
12.
 Mathematical Basis of Life Insur ance By S.P. Dixit, C.S. Modi and R.V. Joshi, Insurance Institute of
India, Chapters 2: units 2.6, 2.9, 2.20 & 2.21.
 Securities Laws & Regulation of Financial Market : Intermediate Course Paper 8, Institute of Company
Secretaries of India, Chapter 11.
 Investments By J.C. Francis & R.W. Taylor, Schaum’s Outlines, Tata Mc‐Graw Hill Edition 2000,
Chapters 2,4& section 25.1.
 Indian Mutual Funds Handbook : By SundarShankaran, Vision Books, 2006, Sections 1.7,1.8.1,6.5 &
Annexures 1.1to 1.3.
 STATISTICS by Schaum Series.
 Operations Research by Gupta and Kapoor
 Operations Research by Schaum Series
 Fundamentals of Statistics ‐ D. N. Elhance.
 Statistical Methods ‐ S.G. Gupta (S. Chand & Co.
 Statistics for Management ‐ Lovin R. Rubin D.S. (Prentice Hall of India)
 Statistics ‐ Theory, Method & Applications D.S.Sancheti& V. K. Kapoor.
 Modern Business Statistics ‐ (Revised}‐B. Pearles& C. Sullivan –Prentice Hall of India.
 Business Mathematics & Statistics: B Aggarwal, Ane Book Pvt. Limited
 Business Mathematics: D C Sa ncheti& V K Kapoor, Sultan Chand & Sons
 Business Mathematics: A P Verma, Asian Books Pvt. :Limited.

Page 55

Question Paper Pattern
(Practical Courses)

Maximum Marks: 100
Questions to be set: 06
Duration: 03 Hrs.
All Questions are Compulsory Carrying 15 Marks each.

Question
No Particular Marks

Q-1

Objective Questions
A) Sub Questions to be asked 12 and to be answered any 10
B) Sub Questions to be asked 12 and to be answered any 10
(*Multiple choice / True or False / Match the columns/Fill in the
blanks)
20 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
Full Length Practical Question
OR
Full Length Practical Question
15 Marks

15 Marks

Q-6


Q-6
A) Theory questions
B) Theory questions
OR
Short Notes
To be asked 06
To be answered 04
10 Marks
10 Marks

20 Marks


Note:
Practical question of 15 marks may be divided into two sub questions of 7/8 and 10/5Marks.

Page 56

Question Paper Pattern
(Theoretical Courses)

Maximum Marks: 100
Questions to be set: 06
Duration: 03 Hrs.
All Questions are Compulsory Carrying 15 Marks each.

Question
No Particular Marks

Q-1

Objective Questions
A) Sub Questions to be asked 12 and to be answered any 10
B) Sub Questions to be asked 12 and to be answered any 10
(*Multiple choice / True or False / Match the columns/Fill in the
blanks)
20 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
Full Length Question
OR
Full Length Question
15 Marks

15 Marks

Q-6


Q-6
A) Theory questions
B) Theory questions
OR
Short Notes
To be asked 06
To be answered 04
10 Marks
10 Marks

20 Marks


Note:
Theory question of 15 marks may be divided into two sub questions of 7/8 and 10/5Marks.

Page 57

University of Mumbai





B.Com. (Actuarial
Studies) Programme
Three Year Integrated Programme -
Six Semesters
Course Structure


Under Choice Based Credit, Grading and
Semester System

To be impl emented from Academic Year - 2017 -2018
Progressively

Board of Studies -in-Commerce

Page 58

B.Com . (Actuarial studies) Programme
Under Choice Based Credit, Grading and Semester System
Course Structure

F.Y.B.Com . (Actuarial Studies)
(To be impl emented from Academic Year - 2017 -2018
No. of
Courses Semester I Credits No. of
Courses Semester II Credits
1 Elective Courses (EC) 1 Elective Courses (EC)
1
Financial Accounting
(Elements of Financial
Accounting) - Paper I

03 1 Financial Accounting
(Accounting Standards on
Banking, Insurance,
Employee Benefits, Pensions
and Financial Instruments ) -
Paper II

03
2 Insurance Business (General
insurance) Paper I 03 2 Insurance Business (Life and
Health Contingencies)
Paper II 03
3 Financial Mathematics –Paper I 03 3 Financial Mathematics –Paper II 03
2 Ability Enhancement Courses (AEC) 2 Ability Enhancement Courses (AEC)
4 Business Communication
(Theoretical ) - Paper I 03 4 Business Communication –
Paper II 03
5 Foundation Course (same as
other B.Com programmes) -
Paper I/ NSS/ NCC/ Physical
Education 03 5 Foundation Course (Value
Education & Soft Skill) -
Paper II/ NSS/ NCC/ Physical
Education 03
3 Core Courses (CC) 3 Core Courses (CC)
6 Environmental Studies Paper I 03 6 Business Environment Paper
II(General commercial
knowledge,
Entrepreneurship and
Business Development) 03
7 Business Economics (Micro &
Macro Economics) – Paper I 03 7 Business Economics - Paper
II 03
Total Credits 21 Total Credits 21
In the above mentioned course structure we propose to adopt the existing syllabus taught under
the current B.Com Course namely Financial Accounting Paper I, Business Communication Paper I
& II, Foundation Course I & II , Environmental Studies Paper I and Business Economics Paper I &
II. The Commerce Paper I taught in Semester I under the current programme shall be included as
Business Environment Paper II in Semester II.
Comment [H1]: “Appreciation of gramma r and
literature” may be more useful to build a
foundation.

Page 59

S.Y.B.Co m. (Actuarial Studies)
(To be impl emented from Academic Year - 2018 -2019)
No. of
Courses Semester III Credits No. of
Courses Semester IV Credits
1 Elective Courses (EC) 1 Elective Courses (EC)
1,2 & 3 *Any three course s from the
following list of the courses 09 1,2 & 3 *Any three course s from the
following list of the courses 09
2 Ability Enhancement Courses (AEC) 2 Ability Enhancement Courses (AEC)
4 Information Technology in
service sector – Paper I 03 4 Information Technology in
insurance – Paper II 03
3 Core Courses (CC) 3 Core Courses (CC)
5 Management (Introduction to
Management) – Paper I 03 5 Management (Introduction to
Management) - Paper II 03
6 Insurance Laws and
Regulation –Paper I 03 6 Insurance Laws and
Regulation –Paper II 03
7 Mathematical modeling
(Survival Models) - Paper I 03 7 Mathematical modelling -
(Stochastic Models) Paper II 03
Total Credits 21 Total Credits 21

*List of Discipline Related Elective(DRE) Courses
for Semester III (Any One) *List of DisciplineRelated Elective(DRE) Courses
for Semester IV (Any One)
1 Actuarial Risk Management -Paper I 1 Actuarial Risk Management -Paper II
2 Pricing and Valuation in Insurance Paper I 2 Pricing and Valuation in Insurance Paper II
3 Auditing (Techniques of Auditing and Audit
Procedures )- Paper I 3 Auditing (Techniques of Auditing and Audit
Procedures) - Paper II
4 Documentation ,Analysis and Reporting
Paper I 4 Documentation ,Analysis and Reporting
Paper II
5 Innovations in i nsurance sector (Relating to
Climate insurance, Crop insurance, Micro
Insurance, Deposit insurance etc.,)Paper I 5 Innovations in insurance sector (Relating to
Climate insurance, Crop insurance, Micro
Insurance, Deposit insurance etc.,) Paper II
Note: Course/ Subject selected in Semester III will continue in Semester IV








Comment [H2]: IT skills in spreadsheets namely,
financial, statistical, data functions. Also, an
appreciation of modeling, and basic programming
around VB.
Comment [H3]: Insurance industry uses
software like SPSS, STATA, e tc which are based on
statistics. Maybe this should be spelt out?
Comment [H4]: “Structures affecting National
Insurance Regulation and Supervision” e.g. IAIS,
ICPs, World Bank Pillars of Pension, UNFCCC
affecting agricultural insurance premium and
farmers’ loss and da mage, etc.

It would be worthy to provide a macro view of laws
and regulation from India’s signing various treaties
and pressures from multi lateral organizations in
this semester and then move to bespoke insurance
regulation and supervision in India in th e next
semester.
Comment [H5]: Of insurance companies, banks,
NBFCs and pension funds? I recommend the
auditing paper focuses on BFSI sector only.

Page 60

T.Y.B.Com . (Actuarial Studies)
(To be impl emented from Academic Year - (2019 -2020 )
No. of
Courses Semester V Credits No. of
Courses Semester VI Credits
1 Elective Courses (EC) 1 Elective Courses (EC)
1,2,3 &
4 *Any four course s from the
following list of the courses 12 1,2,3 &
4 *Any four course s from the
following list of the courses 12
2 Core Courses (CC) 2 Core Courses (CC)
5 Customer Relationship
Management –Paper I
03 5 Customer Relationship
Management –Paper II
03
3 *Project Work 3 *Project Work
6 Project Work I 03 6 Project Work II 03
Total Credits 18 Total Credits 18

Note: Project work is considered as a special course involving application of knowledge in
solving/analyzing/exploring a real life situation/ difficult problem. Project work would be of 03
credits. A project work may be undertaken in any area of Elective Course s/ study area


*List of Elective Courses
for Semester V (Any Four ) *List of Elective Courses
for Semester VI (Any Four )
1 Advanced Financial Mathematics paper I 1 Advanced Financial Mathematics Paper II
2 Investment Analysis -Paper I 2 Investment Analysis -Paper II
3 BehaviouralFinanace (OR Functional
language studies Paper I
( Hindi, Marathi or Sanskrit)
We suggest language option if it does not
affect the norms) 3 International insurance contracts (OR
Functional language studies Paper II(Any
Foreign Language other than English)
We suggest language option if it does not
affect the norms)
4 Insurance Claim negotiation and
settlement - Paper I 4 Insurance Claim negotiation and
settlement - Paper II
5 Life Contingencies Paper I 5 Life Contingencies Paper II
6 Mathematics of Demography 6 Enterprise Risk Management
Note: Course/ Subject selected in Semester V will continue in Semester VI
Project work may be undertaken by the students by choosing a specific area of insurance like
General, life, vehicle, fire or a general study relating to problems in settlement. Valuation of
business or build a model for any of the chosen area of . It may i nclude drawing an insurance
contract for crop insurance such that the insurance benefit may reach the bottom of the pyramid.
Suggestion for functional language is given because almost all of the excluded population in the
insurance sector needs to be addressed with the language they are familiar with. Job opportunities
will increase with this endeavour.
Comment [H6]: This paper could be called
‘Advanced Financial Economics’. It would cover
financial investments and derivatives.
Comment [H7]: Instead of claims negotiation
(which should be covered earlier in India insurance
regulation), two paper on ‘Statistical modeling’ may
be appropriate.

I recommend these two papers are moved to SY
BCom and the papers on Survival Models and
Stochastic Models teste d in TY BCom.
Comment [H8]: Math of Demography will be
covered in survival models. Instead could
‘Behavioral Finance’ become a paper here? That
would make language studies an option at no. 3 not
an ‘option within an option’. It is necessary that
students appreciate nat ional/ state language at a
greater depth and in its application to the
commercial environment.

Page 61

Revised Syllabi for Psychology Core Courses (Major Elective) at the F.Y.B.A.
Choice Based Credit System (CBCS)
Brought into force with effect from the academic year 2018 -2019


Code Sem. Course Title Credits Marks
UAPS Y 101 1 Fundamentals of Psychology -
Part I 3 100
UAPS Y201 2 Fundamentals of Psychology -
Part II 3 100


Objectives: -
1. To impart knowledge of the basic concepts and modern trends in Psychology .
2. To foster interest in the subject of Psychology and to create a foundation for
further studies in Psychology .
3. To make the students aware of the applications of Psychological concepts in
different areas of day to day life.

Semester 1. Fundamentals of Psychology: Part I (Credits = 3)
4 lectures per week

Unit 1. The science of Psychology
a) The histo ry of Psychogy.
b) The Fields of Psychology Today.
c) Scientific research.
d) Ethics of Psychological Research.
e)Applying Psychology to Everyday life.


Unit 2. The Biological Perspective.
a)Neurons and Nerves : Building the Network .
b) An overview of the Nervous System.
c) Distant connections:The Endocrine Glands.
d) Looking inside the Living Brain.
e)From the Bottom up :The structures of the Brain.
f) Classic studies in Psychology.
g) Applying Psychology to Everyday life.

Unit 3. learning .
a) Definiti on of Learning .
b) Classical conditioning, and Operant conditioning
c) Cognitive learning Theory.
d) Observational Learning.

Unit 4 .Memory
a)What is memory?
b) The Information Processing Model:Three Memory Systems.
c)Retrieval of Long –term Memories.

Page 62

d)Forgetting.
e) Neuroscience of memory.
f) Applying Psychology to Everyday life.

Semester 2. Fundamentals of Psychology: Part II (Credits = 3)
4 lectures per week
Unit 1. Cognition:Thinking ,Intelligence,and Language.
a)How People think.
b)Intelligence.
c) Language
d) Applying Psychology to Everyday life.

Unit 2. Motivation and Emotion.
a)Approaches to understanding Motivation.
b)What ,Hungry again? Why People Eat.
c) Emotion.
d)Culture and Emotions.
e) Applying Psychology to Everyday life.


Unit 3. Theor ies of Personality.
a)Psychodynamic Perspective.
b)Psychoanalysis in the East .
c) The Behavioural and Social Cognitive View of Personality.
d)The Third Force :Humanism and Personality.
e)Trait Theories:Who are you?
f) Mod ern Trait Theories:The Big Five a nd current thoughts on the trait Perspective.
g)Personality :G enetics and Culture.
h)Assessment of Personality.
i) Applying Psychology to Everyday life.

Unit 4. Statistics in Psychology.
a)What are Statistics?
b)Descriptive Statistics.
c) Inferential Stat istics.


Book for Study
Ciccarelli,S.K. ,White ,J.N.,& Mishra,G. (2018) .Psychology. 5th Edition; Indian
Adaptation. Pearson India Education Services Pvt.ltd.

Additional Books for Reference
1) Baron, R. A., &Kalsher, M. J. (2008). Psychology: From Science to Practice.
(2nd ed.). Pearson Education inc., Allyn and Bacon
2) Ciccarelli, S. K. & Meyer, G. E. (2008). Psychology. (Indian sub -continent
adaptation). New Delhi: Dorling Kindersley (India) pvt ltd.
3) Ciccare lli, S. K., & White, J. N. (2017 ). Psychology. 4thedi. New Jersey: Pearson
education
4) Feist, G.J, & Rosenberg, E.L. (2010). Psychology: Making connections .
New York: McGraw Hill publications

Page 63

5) Feldman, R.S. (2013). Psychology and your life. 2ndedi. New York:
McGraw Hill publications
6) Feldman, R.S. (2013). Understa nding Psychology. 11thedi. New York:
McGraw Hill publications
7) King, L.A. (2013). Experience Psychology. 2ndedi. New York:
McGraw Hill publications
8) Lahey, B. B. (2012). Psychology: An Introduction . 11th edi. New York:
McGraw -Hill Publications
9)Myers, D. G. (2013). Psychology .10th edition; International edition. New York:
Worth Palgrave Macmillan, Indian reprint 2013
10)Schachter, D. L., Gilbert, D. T., & Wegner, D. M. (2011). Psychology . New
York: Worth Publishers.
11)Wade, C. &Tavris, C. (2006). Psychology . (8th ed.). Pearson Education inc.,
Indian reprint by Dorling Kindersley, New Delhi




Modified Pattern of Question Paper for Semester End Assessment implemented
from 2018 -2019 For Psychology courses at F.Y.B.A.


Duration of examination = 3 hours Total Marks = 100 (per semester)


All 5 questions carry 20 marks and are compulsory.
There will be internal choice in each Question.


Q1.Attempt any two questions (unit 1 ) 20marks

A
B
C

Q2.Attempt any two questions (unit 2) 20marks

A
B
C


Q3.Attempt any two questions (unit 3 ) 20marks

A
B
C

Q4.Attempt any two questions (unit 4) 20marks

Page 64

A
B
C


Q5.Attempt any two questions (unit 1 ,2,3,4 one from each unit) 20 marks

A
B
C
D




Semester II
Use of simple calculator shall be permitted. ( instruction to be included in the
question paper).

Question 4 and Question 5( D) will be based on unit 4 Statistics in Psychology.
One Theory question from the co ntents of the chapter carrying 1 0 marks and
03 questions for calc ulations.


Frequency distribution table to be made with 30 -35 scores given and a theory
question

Calculation of the Mean Median and the Mode with the help of 10 -12 scores
given and a theory question.

Calculation of the Range ,Standard deviation and Z Score with the help of 10 -
12 scores given.