Company
Secretary is a reputable profession as a CS manages the businesses by
maintaining several chords adhering to the law, cost, accounts,
management, etc. The Institute of Companies Secretaries of India (ICSI)
regulates the curriculum of CS courses. This course, split into three
stages that need to clear to become a Company Secretary.
Qualifying
for this paper is not difficult or impossible. One needs to devise a
plan in the right way. First of all, you have to make par with the fact
that this entire course requires a lot of effort, frequent revisions,
and consistent self-study. Within this article, we have highlighted few
tips to qualify the CSEET Paper 3-Economic and Business Environment-
Understand the Paper
Paper
3 of the CSEET examination, split into distinct topics. Clarity is
necessary to qualify for an exam. Candidates must go through the
syllabus carefully and make a customized assessment of the syllabus.
Along with the syllabus, candidates must be acquainted with exam
patterns, number of questions, total marks, etc.
- The paper, split into two parts-
- (i) Part A - Economics (25 Marks)
- (ii) Part B - Business Environment (25 Marks)
- Total number of questions- 35
- Total marks- 50 Marks
- To pass this paper candidates must get 40% marks.
- The purpose of this paper is to explore the concepts of Micro &
Macro Economics with a focus on the Indian economic system. Also, assess
the comprehension in varieties of aspects of the business environment.
- Expectations for Paper 3 -
The Environmental and Business Paper aims to measure students'
understanding of the various important concepts of economics and
macroeconomics and the business environment. As the business operates
under the economic and business environment provided under changes in
the government policies, it is necessary to understand the basics of
economics, and business concepts, which will simplify the learning
process at various stages of work. Therefore, CSEET expects students to
become familiar with the basic concepts of micro and macroeconomics and
the business environment, and the latest development that is taking
place.
- Check the detailed syllabus of Paper 3 in the table below-
Topics | Sub topics |
Part A - Economics (25 Marks) |
Basics of Demand and Supply and Forms of Market Competition
| Theory of Demand and Supply Equilibrium Price Elasticity of Demand and Supply and other related concepts Increase and Decrease in Demand and Expansion and Contraction of Demand Forms of Market Competition- Monopoly, Duopoly, Oligopoly, Perfect Competition and Monopolistic Competition |
National Income Accounting and Related Concepts.
| Meaning and methods to compute National Income Key variables of National Income (GNP, GDP, NNP, NDP etc.) |
Indian Union Budget
| Key terminologies / heads covered under the budget Revenue and Capital Budget Major components of Revenue and Capital Budget Meaning of Fiscal Deficit Components/ Variables covered under Fiscal Deficit |
Indian Financial Markets
| Overview of Indian Financial Ecosystem Key facets of Indian financial system Growth of Financial Institutions Public and private sector banks Industrial Finance Corporation of India, Small Industries Development Bank of India Regional Rural Banks Cooperative Banks Non-Banking Finance Companies Basics of Capital Market: Types of Shares and Debentures Financial assistance scenario for Small and Medium Enterprises and Start-Ups. |
Indian Economy
| Primary (Agriculture and allied activities) Secondary (Manufacturing) Tertiary (Services) Current scenario of agriculture and allied activities in India Agricultural and Industrial Policies of India Current scenario of services sector in India Balance of Payments Components of Balance of Payments Favorable and Unfavorable Balance of Trade Foreign Investments in India- Types and Flows |
Part B - Business Environment (25 Marks) |
Entrepreneurship Scenario
| Government initiatives to foster entrepreneurship. Need for entrepreneurship in India. Bottlenecks in entrepreneurial growth. |
Business Environment
| Overview of Business Environment Features and factors influencing business environment Types of environment: Economic environment, Socio-cultural environment, Political environment, Legal and Technological environment Ease of Doing Business Index by World Bank for India and Department for Promotion of Industry and Internal Trade (DPIIT) for States |
Key Government Institutions.
| Basic awareness about various institutions and regulatory bodies in India such as NITI Aayog, MCA, SEBI, RBI, IBBI, CCI, NCLT/NCLAT etc. |
Study plan
Devise
a target-focused study plan. The plan prepared should be well planned,
and you must stick to it. Within the plan, candidates can assign
daily/weekly goals topic-wise to eliminate confusion.
Self- Study
Start
preparing for the exams as early as possible and create your own
notes/points. Cover all the topics/subtopics provided in the study
materials of the Institute. Prepare summary points as it helps for a
quick review the day before the test. Do not neglect any topic that you
find difficult.
Dоn't try tо mug uр
The
entire cоurse struсture is designed in such a wаy thаt, if candidates
understаnd the соnсeрts сleаrly, they will be able to answer any
question, despite the difficulty level. Candidates must understand the
gist оf the соnсeрts, so they never have tо mug uр.
Revisions and test yourself
Revisions
are everything. Complete your studies beforehand to get enough time to
revise the entire syllabus at least twice. Revision increases the
chances to score a decent mark. Also, marks are directly proportional to
the no. of revisions one does. After completing revisions, go for tests
as they help to know where one stаnds. Give mock tests of relevant
subjects, compare your answer with suggested answers, understand your
mistakes, and work accordingly to rectify them by investing enough time
to change the weaknesses into strengths.
Above
all, believe in yourself and study with the mоtive оf leаrning
sоmething. It might аррeаr as оne оf the fаlse рretenсes, but believe
me, dоwn the line it estаblish the differenсe between а qualified
candidate аnd all оthers were not able to qualify. Have confidence!