Unit - II

Financial Management:

Theory of Business Finance; Profit maximisation v/s Wealth maximisation, Capital Budgeting; Cost of Capital; Working Capital Management, Capital structure; Operating and Financial leverages. Funds Flow and Cash flow analysis.
Management of Financial Institutions; Development Banking.

Unit - III

Indian Economic Problems:

Problems of Indian Economy; Planning in India, Industrial versus agricultural growth; Public sector Enterprises, Privatisation and globalisation; Public Private Partnership in Infrastructure Management.
Public Finance - taxation, Central Budget, Deficit, Fiscal Management; Problems of Indian Banking - Central and Commercial Banking; Banking sector reforms, Monetary and Fiscal Policy. Finance Commissions, Second generation reforms. Rural development and Alleviation of poverty.

Unit - IV

International Finance and Foreign exchange:

Nature and Scope of international finance; Foreign Direct Investment; International Capital Markets; GDRs, ADRs, Balance of Payments; W.T.O. and India, Regional Economic Co-operation.
Foreign Institutional Investors; Hedge Funds, Participatory Notes; International Financial Institutions; Foreign Exchange rate - mechanism, risk and its management, Foreign exchange operations, Convertibility of rupee, Capital Account Convertibility, Joint Ventures.

Unit - V

Security Analysis and Portfolio management:

Investment Spectrum; Primary and secondary market operations; Hybrid Securities, Risk and Returns Management, Fundamental and Technical Analysis.
Theories of Portfolio Management, Futures and options; Mutual Funds; Investors' Protection; Regulation of Capital Market, SEBI.