[Official] Commerce Optional | IAS Mains | Daily Initiative

 Muskan Dalal
  • This is the official thread for Commerce & Accountancy optional. This is a self driven initiative for the aspirants with the above mentioned optional subject.


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  •  Sid Chauhan @sid-chauhan

    WhatsApp group of commerce optional https://chat.whatsapp.com/D16JzZt18VjHSB79FkeLKE

  •  Avinash Mishra @avinash-mishra

    i am a ca final student and planning to appear for cse 2018 with commerce as optionals,kindly tell me how i will have to adjust my current knowledge for upsc mains.

  •  Manisha Singhal @manishasinghal

    will gst be included in paper next year

  •  Swarna Sunkara @swarna1261993

    Hai mam, Can we use Calculator in Paper-1in exam.as i am new entrant please clarify me regarding this.

    •  Akhil Pareek @akhil91pareek

      yes you can

  •  Mahantesh Tambake @mantuvamshi

    Hi mam, I am new entrant to this forum and am an Mcom, preparing for civil service with commerce and accountancy as optional.

    •  Shefali garg @shefaligarg014

      I have mcom too.

  •  Muskan Dalal @muskandalal26

    Current issue topic-
    What is ALGO trading? Examine the need of regulatory oversight on it ? Suggest any other novel methods to curb its misuse?
    Ans- ALGO trading -Algorithmic trading means placing automatic orders at stock exchange using advance mathematical models and high speed computation.
    Need of regulatory oversight-
    *40% trades in Indian share market are Algo trade.
    *Co-location-Big brkkers install server within premise which leads faster access to NSE/BSE data than others.
    *SEBI received complaint about NSE manipulation and Mal-practices.
    Novel methods-
    #The share allocation on random basis rather than first come first serve.
    #Speed bump should be installed which randomly delay bulk orders so ghat every one get equal opportunity to invest .
    Algo trading puts small investors at disadvantage ,NSEL commodity trading scam still fresh in their memory .so to ensure the flow os savings into financial instead of physical assets , it is necessary yo keep faith of small investors in the capital market .
    Hence strong framework is necessary to curb misuse of AlGO trading .

    •  Mahantesh Tambake @mantuvamshi

      Good information…but how far is it correct to follow random basis allocation?

  •  Muskan Dalal @muskandalal26

    Q-2(I) DEEP DISCOUNT BONDS (II)FLOATING RATE BONDS (III)EXTENDABLE NOTES (1V)JUNK BOND CSE 2015 (15 MARKS)

    •  Muskan Dalal @muskandalal26

      DEEP DISCOUNT BONDS :-A zero coupon bond is brought at lower price than its face value,with the face value repaid at the time of maturity. There is no coupon and periodic interest payment for these bonds.for instance -If the face value is 100 ,it is issued at a deep discount say at rs 80 and on the date of maturity the bond issuer pays the face value of the bond .

      FLOATING RATE BONDS -Those bonds whose interest raye fluctuates in step with the market interest rates or some other external measure. The price of floating bomds relatively stable because neither a capital gain nor a capital loss occurs as Market rates go up or down .for instance -A rate could be quoted as LIBOR+0.50,if LIBOR stood at 1% ,the rate would be 1.50.These bonds have high risk and high profitability element.

      Extendable notes-a long term bond yhat includes an option to lengthen the maturity period .It usually sell at higher price because of possibility of high return and extendable feature .If the maturity is extended the issuer continues to pay coupons.

      Junk bond -A high yielding,high risk security ,typically issued by a company seeking to raise capital quickly in order to finance a takeover.Most brokers do not invest in these bonds because they are likely to default that’s why they are known as junk bonds.

  •  Muskan Dalal @muskandalal26

    Q- Banks are permitted to enter the insurance sector.critically evaluate the current scenario of Bancassurance in India.2014 CSE (150 words)

    •  Muskan Dalal @muskandalal26

      BANCASSURANCE Concept originated in FRANCE Which means the relationship between a bank and insurance company whereby the insurance co. Uses the bank sales channel in order to sell insurance product .Today the scenario has changed wherein insurance policies reach every person almost in every corner of the Nation ,no more cake of some classes.
      Merits-
      1. It encourages customers of banks to purchase insurance policies.
      2.The unaware people or not in reach of insurance policies can be benefitted through widely distributed banking networks.
      3.Increase in competition and hence people get better premium rates and services.
      Demerits
      1)Data management increase the workload for banks and contact details can be use by insurance co.to market thier own products ,thus compromising on data security.
      2)The conflict of interest can be arise between the other products of bank and insurance policies
      3) Bank goodwill also effected bcuz of insurance company .
      The RBI has recognised the need and implemented a Holistic approch to all the classes .so that financial resources in the hands of people should be channelised in effective manner and strengthen inclusive growth .
      approx 160 words

  •  Muskan Dalal @muskandalal26

    NEW TOPIC FOR THIS WEEK -SYLLABUS 2017-18 FOR C.S.E-FINANCIAL MARKET AND INSTITUTIONS :BOOK-M.Y KHAN
    1)Indian financial system-an overview
    2)Money market :participants,structure & instruments.
    *commercial banks,reforms in banking sector,Monetary and credit policy of RBI,RBI as regulator.
    3)capital market :primary and secondary markert.Financial market instrument and innovative debt instrument ,SEBI as regulator.
    4)financial services : MUTUAL FUNDS,VENTURE CAPITAL,CREDIT RATING AGENCIES,INSURANCE AND IRDA .
    THIS IS COMMON TOPIC FOR MANAGEMENT AND COMMERCE STUDENTS .

  •  Muskan Dalal @muskandalal26

    Compared to factory workers,it is more difficult to attempt job analysis ,job description and job specification for the scientists and engineers working in research and development departments “comment.How does the HR department help management to address these challenges effectively ? 2015 CSE – 20 marks
    Q-2 360° feedback system is gaining popularity .comment. also examine the barriers to its effective implementation in India . 2015 CSE – 20 marks

  •  Muskan Dalal @muskandalal26

    3 days left for ob
    Q-1 Path goal theory of leadership (10 marks )
    Q-2 what is impact of ‘Helo effect’on performance Appraisal ? Explain . 2015 CSE
    Q-3 Banning lockouts – 10 marks 2015 CSE

    •  Muskan Dalal @muskandalal26

      Helo effect – when one trait is used to make an overall judgement of that person or thing ex apple products .It was first introduced by Edward Throndike in 1920.
      Features of Helo effect –
      *Biased decisions
      *Rapid decisions
      *Unconscious judgement
      *Both positive and Negative directions.
      Effect on performance Appraisal –
      When a manager like or dislike an employee and allows their personal feelings about that employee to influence their performance rating of them so decision will be biased .In positive effect rate the emp.high rating even if he don’t deserve and vice versa in negative helo effect .
      The inaccurate distortion of a measurement or biasness errors may spoil the performance appraisal process so overall performance should be consider by manager so that the equality will be promoted and everyone get equal chances to improve themselves.

  •  Muskan Dalal @muskandalal26

    Q-1 Internal vs external locus of control -150 words (2010 C.S.E )
    Q-2 What is virtual organization? .Examine its merits and demerits.150 words (2014 C.S.E)
    Q-3 Fishnet Organisation -150 (2014)
    Q-4 Managerial Grid -150 (2014)
    today questions r very easy bcuz now I m focusing more on concept clarity and Inclusive participation .

  •  Mohita Roongta @mohitaroongta

    Hi, me too!

    •  Muskan Dalal @muskandalal26

      Welcome Mohita Roongta

    •  Mohita Roongta @mohitaroongta

      Nice thread will keep track and contribute! for paper 2, have u referred SP Robbins?

  •  Muskan Dalal @muskandalal26

    POSITIVE PSYCHOLOGY (AUTHANTIC HAPPINESS) – A scientific study of strengths that enable individual and communities to thrive. The beliefs that people want to lead meaningful and fulfilling lives to cultivate best in themselves and to enhance their experience of love ,work and play .
    PP is based on Martin Seligman (2003) theory of Authentic happiness which asserts 3 roads to good life -1)Pleasurable life (positive emotions),2)Engaged life (flow and mindfulness),3)Meaningful Life (meaning and purpose).IN 2011 Seligman revised it as WELL BEING THEORY with his new model PERMA (Positive relationship and Accomplishment were added ).
    THE Org. should ensure two fold promise while using pp-
    1) Optimism and cheerfulness have a measurable effect on the bottom line .
    2) Happiness is a muscle that you can strengthen .
    PP MODEL IN CONTEXT OF INDIAN COMPANIES :
    * PP can use by Indian companies to identify the strength of the workforce and assign job accordingly ex any person is having good communication skills then Marketing or public relations department should be allotted so that he gets the high job satisfaction and maximize his performance .
    *In cut-throat competition employees are handing lots of stress and workload so by using pp they enjoy healthy working environment which boost up their positive emotions and give their best in work .
    *The company can ensure lasting positive changes in the performance and relationships by stimulating the strength.
    *PP leads to less job turnover and less absenteeism which foster the growth of the company.
    MANY Successful companies like Google,Zappas,Alibaba have chief happiness officers and rely on outside consultant to implement massive well being initiatives.So Indian companies can do a lot and handle the market as well by applying pp model in the company because humans are the real assets of any company and when they are happy and satisfied with the working environment they can turn the threats into opportunities .

    •  Urvashi Saini @caurvashisaini

      Hi .. We can add little case study in our positive psychology wala question right..

      I have one more query can we use tata mystery case for leadership or industrial dispute content right?

      I am not in schedule.. actually I go by book by book finish.. Right now in GS 3 then will start OB but I have CA background and mgt graduation background so I have idea regarding C & A optional..
      Interested in discussing previous year question: Problem is only available on sunday..
      reach me @saini.urvi@gmail.com

    •  Muskan Dalal @muskandalal26

      Yes u can use the current example but try to maintain the balance or not tilt your answer in favor of Cyrus or tata group bcuz their r many things yet to decide in this case…but it is very suitable case for industrial dispute and conflict management. Thank u Urvashi be in touch ..

    •  Urvashi Saini @caurvashisaini

      yes.. following the case that is why.. ! 🙂

    •  Muskan Dalal @muskandalal26

      Yes u can use the current example but try to maintain the balance or not tilt your answer in favor of Cyrus or tata group bcuz their r many things yet to decide in ghis case…thank u ..

  •  Venkat Dosapati @umavenkateswarrao

    Really I o not have any idea what books I have to refer for paper 2 . Can you please share books for paper1,2 . As I am starting my preparation now I may not be at par with you but slowly I will pick up the speed

    •  Muskan Dalal @muskandalal26

      I m following my clg books and some other also for notes making ..imp thing for paper 2 notes making is very very imp …
      O.B- l.M prasad , fred luthans
      I.R -T.N chabra and Ministry of labour & Employment website (updated acts r thr )
      HRM -Ashwathapa
      Auditing-CA PCC notes
      Market & International Institutions – wiki but remember one thing only topic clarity is demanded in this exam not P.HD ..hope u understand what i want to convey ..and any problem in any topic in paper 2 then let me know .
      Thanks

    •  Urvashi Saini @caurvashisaini

      Financial Market and institution it is right.. Bharthi Pathak book contain all points

    •  Venkat Dosapati @umavenkateswarrao

      Thank you muskan ! How long it will take to finish off paper 2 syllabus ?

  •  Muskan Dalal @muskandalal26

    ORGANISATIONAL.BEHAVIOUR Day 3
    Q-1 What is positive psychology? How can Indian companies use the concept of the same to foster entrepreneurial thinking in their workforce ? explain – 20 marks
    q-2 In post modern organisations traditional concept like line and staff functions irrelevant ? Do you think so ? give arguments in support of your answer . – 10 marks
    Q-3 What is meant by empowered organisations? suggest steps to foster an empowered organisations ? – 10 marks

    •  Urvashi Saini @caurvashisaini

      Ans 2

      I. Four distinct ideas aid in understanding postmodern thinking.
      A. Identities are “made” or constructed out of popular culture.
      B. Moralities and ethics are also forged out of dialogue and choice.
      C. No style of art or culture dominates; there are endless variations.
      D. There is a truly global civilization characterized by rapid
      information exchange and unprecedented mobility.
      II. BMW plant in Spartanburg, SC is an example of a postmodern
      organization.
      A. Postmodernism is a move from signs to practices.
      B. Postmodernism is a move from democratic theory to a democratic
      workplace: a marriage of rights and responsibilities.
      C. Postmodernism is a move toward organizing multicultural
      communication in workplace democracies.
      D. Postmodernism facilitates multicultural understandings and
      international marketing practices.
      E. Postmodern theories embrace teams and global networks

      Line and staff organisation could not be said irrelevant if it focus upon its merit and minimize demerits. It possess feature which are in line with post modern concept such as :

      Benefit of Specialization- Line and staff through division of whole concern into two types of authority divides the enterprise into parts and functional areas. This way every officer or official can concentrate in its own area.
      Better co-ordination- Line and staff organization through specialization is able to provide better decision making and concentration remains in few hands. This feature helps in bringing co-ordination in work as every official is concentrating in their own area.
      Benefits of Research and Development- Through the advice of specialized staff, the line executives, the line executives get time to execute plans by taking productive decisions which are helpful for a concern. This gives a wide scope to the line executive to bring innovations and go for research work in those areas. This is possible due to the presence of staff specialists.
      Training- Due to the presence of staff specialists and their expert advice serves as ground for training to line officials. Line executives can give due concentration to their decision making. This in itself is a training ground for them.
      Balanced decisions- The factor of specialization which is achieved by line staff helps in bringing co-ordination. This relationship automatically ends up the line official to take better and balanced decision.
      Unity of action- Unity of action is a result of unified control. Control and its effectivity take place when co-ordination is present in the concern. In the line and staff authority all the officials have got independence to make decisions. This serves as effective control in the whole enterprise.

    •  Muskan Dalal @muskandalal26

      very nice and + = BMW ex is gud one ,unity of action nd R&D ,- = linkage is missing ,give one line intro atlist and conclude with crux of ur opinion .5/10, not considering words limit bcuz it is a practice session nd new start…but gud one.

    •  Urvashi Saini @caurvashisaini

      hmm.. will keep in mind word limit…

  •  Muskan Dalal @muskandalal26

    I M SHARING HERE MY STRATEGY FOR OPTIONAL
    2-10 NOV =OB
    11-18 NOV =ORG.THEORY
    19-26 NOV =FINANCIALMARKET AND INSTITUTIONS
    27-2 DEC = HUMAN RESOURCE MANAGEMENT
    3 -7 DEC =AUDITING
    8-14 DEC = FINANCIAL MANAGEMENT
    15 DEC = REVISION
    16-24 DEC =FINANCIAL ACCOUNTING
    25 -31 DEC= COST ACCOUNTING
    1-7 JAN =INCOME TAX
    8 -10 JAN =REVISION
    11- 20 JAN= PAST YEAR PAPER AND REVISION OF PAPER 1 AND 2 .

    •  Urvashi Saini @caurvashisaini

      Hey till 20 jan around my syllabus will be also finished for optional too… You can reach me that time as well for optional py paper discussion!

  •  Hari Krishnan @hari-krishnan

    Hi dalal l too have commerce optional

  •  Rohit Maurya @rohit-maurya

    i am taking commerce and accountancy

  •  Muskan Dalal @muskandalal26

    ans-1 Org. citizenship is a sense of belonging to a particular org. with a very strong desire to remain member of that and exert high level of efforts on behalf of the org.
    The quality circle is a group of emp. who meet regularly to identify ,analyze and solve work related problems.
    EFFECTS OF ORG CITIZENSHIP IN QUALITY CICLE PERFORMANCE :
    *The strong commitment toward org goal will boost up the team spirit and enhance the performance of group.
    * This factor act as a strongest motivator which energies the members of QUALITY CIRCLE and productivity wl improve .
    *the acceptance of values and goal of org is the stable commitment and reduces the conflicts and use the opportunities in best way .
    THE org citizenship behavior is dream of every org because it is highly rated motivator and when it is accepted by the majority then it enormously improve the working of quality circles and when the move together in same direction it will square the power of team OC2 .

  •  Aditya Kumar @adityabarun1996

    Let me know about the sllubus of commerce and accountancy

  •  Confused Billi @confused

    Making this thread sticky for a few more days. Hope @muskandalal26 gets sincere students to join in.

    •  Muskan Dalal @muskandalal26

      Thank u confused billi.

  •  Aditya Kumar @adityabarun1996

    I want to know sllybus for accountancy and commerce

  •  Muskan Dalal @muskandalal26

    ORGANISATIONAL BEHAVIOUR –
    Q-1 ORG. Citizenship behavior enhances the effectiveness of Quality circle .comment-150 words (10 marks)
    Q- Pen down strike vs tool down strike -10 marks
    q-3 Behavioural Anchered Rating Scale -10 marks

    •  Muskan Dalal @muskandalal26

      Attached

      Attachments:
  •  Venkat Dosapati @umavenkateswarrao

    Hey hi there ! Mine is commerce optional .

    •  Muskan Dalal @muskandalal26

      Ok then start the preparation from 2 nov ..i will post questions daily @ morning .5 days for organisational behaviour.if anyone have any queries thn mail me @ muskandalal26@gmail.com. its better if anyone join this if not i will make it best by my own efforts.

    •  Venkat Dosapati @umavenkateswarrao

      All right !

  •  Muskan Dalal @muskandalal26

    Dinesh then start our prepartion together bcuz as u knw we have opted for very different subject and vast also so answer practice will improve that and consistency is very imp for this optional .

  •  Dinesh Singh @singhdineshsingh911

    yaa. say !!

This topic contains 50 replies, has 16 voices, and was last updated by  Shefali garg 3 weeks, 1 day ago.



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