·         Barter economy, evolution of money, monetary standards

·         Definition, classification and functions of money;

·         Change in Value of money Inflation - definition, types; causes, effects and measures to control;

·         Trade-off between inflation and unemployment;

·         Deflation; meaning and effects

·         Inflation versus Deflation.

·         Demand for Money – Classical & Keynesian Approaches

·         Measurement of money supply (narrowly defined, broadly defined & RBI’s measures); H theory of money supply

·         Cash Transactions approach – Fisher’s equation of Exchange, criticisms

·         Cash Balance approach – Marshall, Pigou, Robertson, Keynes’ equations

·         Superiority of Cash balance approach over Cash transactions approach.

·          Keynesian approach 

·         Commercial Banks - functions

·         The process of credit creation; Purpose & Limitations

·         Liabilities and assets of banks;

·         Development of commercial banking in India after independence.

·         Role of commercial banks in economic development

·         Cooperative Banks – features, types & structure and problems

·         Monetary policy: objectives

·         Central Bank -functions; Instruments of credit control – quantitative & qualitative

·         RBI-organization and promotional role.

·         Role of central bank in economic development

·         Relationship between Central Bank and commercial banks

·         Organizational structure of financial institutions; IFCI, SFCs, IDBI, SIDBI – role & functions.

·         Mutual Funds – concept and types; UTI & money market mutual funds; Insurance Companies – LIC & GIC – role & functions; Miscellaneous nonbanking financial intermediaries – loan companies, investment companies, hire purchase finance, lease finance, housing finance