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Commerce — Model Syllabus Roadmap

22 Official 2024 Lecturer Disciplines — Syllabus Directory · Subjects 1–11

Useful for: SSB Lecturer (Degree Colleges)

Overview

Commerce covers accounting, business organisation, management, marketing, finance, economics and business law.

Key points

Accounting: financial, cost and management accounting.
Management: Fayol’s 14 principles; Taylor’s scientific management.
Marketing: the 4 Ps (product, price, place, promotion — McCarthy).
Finance: capital budgeting, cost of capital, working capital.
Business law: Indian Contract Act, 1872; Companies Act, 2013.
Taxation: income tax and GST.

Explanation

Break-even point = fixed cost ÷ contribution per unit.
Ratio analysis measures liquidity and profitability.
E-commerce and digital payments reshape trade.
Corporate social responsibility is mandatory for large companies.

Step by step

Place the question in its unit of the syllabus.
Recall the theory, thinker, law or work involved.
Eliminate options from other schools, periods or units.

Examples

14 principles of management → Henri Fayol.
4 Ps of marketing → McCarthy.
Indian Contract Act → 1872.

Traps and advanced points

Trap: Mixing Fayol and Taylor.
Trap: Wrong Act years.
Trap: Break-even errors.

Quick revision

Fayol, Taylor.
4 Ps.
Contract Act 1872; Companies Act 2013.

Practice MCQs

The 4 Ps of marketing (product, price, place, promotion) were given by
1. Philip Kotler
2. E. Jerome McCarthy
3. Henri Fayol
4. Peter Drucker
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Answer: (b) E. Jerome McCarthy. They form the marketing mix.
The 14 principles of management were given by
1. Max Weber
2. F. W. Taylor
3. Henri Fayol
4. Elton Mayo
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Answer: (c) Henri Fayol. Fayol is called the father of modern management.
Scientific management is associated with
1. Peter Drucker
2. Henri Fayol
3. Abraham Maslow
4. F. W. Taylor
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Answer: (d) F. W. Taylor. Time and motion studies are part of it.
The Indian Contract Act was passed in
1. 2013
2. 1932
3. 1956
4. 1872
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Answer: (d) 1872. It defines a contract as an agreement enforceable by law.
The current law governing companies in India is the
1. Companies Act, 1956
2. Companies Act, 2013
3. Partnership Act, 1932
4. Contract Act, 1872
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Answer: (b) Companies Act, 2013. It replaced the 1956 Act.

More topics in this chapter

Notes and questions are written by Kundali IQ for practice. They are not official papers; always check the latest official notification for the syllabus and pattern.