ICSI CSEET Paper 3 Economics and Business Environment notes

Economics and Business Environment notes:

ICSI CSEET: The Council of the ICSI has released a notice regarding CSEET on the day of the inauguration of ICSI Golden Jubilee Celebrations on 4th Oct 2017.

The Gazette Notification on the Company Secretaries (Amendment) Regulations, 2020 has been published on 3^rd February 2020 in the Official Gazette of India and the same shall be applicable from the said date of publication.

Now ICSI Published a notice regarding CSEET Test which going to start from 2020 May.

We are now going to discuss the details of CSEET Paper-3 Economics and Business Environment notes.

Economics and Business Environment

Objective: To test understanding on concepts of Micro & Macro Economics with a focus on Indian economic system.
To test understanding on various crucial elements of business environment.
Total Marks – 50 Marks
Part A– Economics (25 Marks)
Part B – Business Environment (25 Marks)

Sl.no	Topic	sub topic	Links
Part A– Economics (25 Marks)
1	Basics of Demand and Supply and Forms of Market Competition	Theory of Demand and Supply	Check Here
		Equilibrium Price	Check Here
		Elasticity of Demand and Supply and other related concepts	Check Here
		Increase and Decrease of Demand	Check Here
		Expansion and Contraction of Demand	Check Here
		Forms of Market Competition- Monopoly, Duopoly, Oligopoly	Check Here
		Perfect Competition and Monopolistic Competition	Check Here

2	National Income Accounting and Related Concepts	Meaning and methods to compute National Income	Check Here
2	National Income Accounting and Related Concepts	Key variables of National Income (GNP, GDP, NNP, NDP etc.)	Check Here

3	Indian Union Budget	Key terminologies covered under the budget	Check Here
		Revenue,Major components of Revenue and Capital Budget	Check Here
		Fiscal Deficit,Components covered under Fiscal Deficit	Check Here

4	Indian Financial Markets	Overview of Indian Financial Ecosystem	Check Here
		Key facets of Indian financial system	Check Here
		Growth of Financial Institutions	Check Here
		Public and private sector banks	Check Here
		Industrial Finance Corporation of India	Check Here
		Small Industries Development Bank of India	Check Here
		Regional Rural Banks	Check Here
		Cooperative Banks	Check Here
		Non-Banking Finance Companies	Check Here
		Basics of Capital Market: Types of Shares and Debentures	Check Here
		Financial assistance scenario for Small and Medium Enterprises and Start-Ups	Check Here

5	Indian Economy	Primary (Agriculture and allied activities)	Check Here
		Secondary (Manufacturing)	Check Here
		Tertiary (Services)	Check Here
		Current scenario of agriculture and allied activities in India	Check Here
		Agricultural and Industrial Policies of India	Check Here
		Current scenario of services sector in India	Check Here
		Balance of Payments	Check Here
		Foreign Investments in India- Types and Flows	Check Here
		Favorable and Unfavorable Balance of Trade	Check Here
Part-B – Logical Reasoning (25 marks)
6	Entrepreneurship Scenario	Government initiatives to foster entrepreneurship	Check Here
		Need for entrepreneurship in India	Check Here
		Bottlenecks in entrepreneurial growth	Check Here

7	Business Environment	Overview of Business Environment	Check Here
		Types of environment: Economic environment, Socio-cultural environment, Political environment, Legal and Technological environment	Check Here
		Ease of Doing Business Index by World Bank for India and Department for Promotion of Industry and Internal Trade (DPIIT) for States	Check Here

8	Key Government Institutions	Basic awareness about NITI Aayog	Check Here
		Basic awareness about MCA	Check Here
		Basic awareness about SEBI	Check Here
		Basic awareness about RBI	Check Here
		Basic awareness about IBBI	Check Here
		Basic awareness about CCI	Check Here
		Basic awareness about NCLT/NCLAT	Check Here