NDSS Academy

Money, Banking and Public Finance (B.A Economics)

Functions of money, commercial and central banking, public revenue, public expenditure and public debt.

6 MonthsDuration 5Chapters30Topics
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Syllabus · पाठ्यक्रम

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01Unit 1: Money 6 topics
  1. Meaning, functions and kinds of money
  2. Value of money
  3. Fisher's quantity theory of money
  4. Cambridge cash balance approach
  5. Measures of money supply in India (M1, M3)
  6. Inflation and deflation in relation to money
02Unit 2: Commercial Banking 5 topics
  1. Functions of commercial banks
  2. Process of credit creation and its limits
  3. Balance sheet of a bank
  4. Non-performing assets
  5. Nationalisation and banking sector reforms in India
03Unit 3: Central Banking and the RBI 5 topics
  1. Functions of a central bank
  2. Reserve Bank of India: organisation and functions
  3. Quantitative credit control: bank rate, repo, reverse repo, CRR, SLR, open market operations
  4. Qualitative credit control: margin requirements, credit rationing, moral suasion
  5. Monetary policy of India
04Unit 4: Public Finance and Public Revenue 8 topics
  1. Meaning and scope of public finance
  2. Public and private finance
  3. Dalton's principle of maximum social advantage
  4. Sources of public revenue
  5. Canons of taxation
  6. Direct and indirect taxes; progressive, proportional and regressive taxes
  7. Impact, incidence and shifting of tax
  8. Goods and Services Tax (GST)
05Unit 5: Public Expenditure, Public Debt and Budget 6 topics
  1. Wagner's law and Peacock-Wiseman hypothesis
  2. Classification and effects of public expenditure
  3. Sources and burden of public debt
  4. Methods of debt redemption
  5. Government budget: revenue and capital account
  6. Revenue, fiscal and primary deficit

About

You will be able to

  • Explain the functions and kinds of money and the quantity theories of money
  • Describe the functions of commercial banks and work out credit creation
  • Explain the functions of the RBI and the instruments of credit control
  • Explain the canons of taxation, types of taxes, impact and incidence, and GST
  • Explain theories of public expenditure, sources and burden of public debt
  • Compute revenue, fiscal and primary deficits from budget data

Who it is for

  • B.A Semester 3 students with Economics as a major subject (UP State Universities, NEP 2020)
  • Students preparing for banking and government competitive exams

What you need

  • Principles of Macroeconomics (Semester 2) or basic knowledge of national income

Questions

Which syllabus does this course follow?

It follows the UP State Universities NEP 2020 common minimum syllabus (MGKVP, VBSPU, Lucknow University and others) for B.A Economics, Semester 3. Where your own university's syllabus differs, the centre follows your university syllabus.

How will I be tested?

Unit-wise MCQ tests, short and long answer practice in university exam pattern, and a final mock paper.

Is current RBI data covered?

Yes. Policy rates and recent budget figures are updated in class, but the exam answers follow the syllabus concepts.

Download the syllabus (PDF)

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