Books & Preparation Tips for Assistant Professor Commerce (College Cadre) HPSC
Haryana Public Service Commission has published vacancies for Assistant Professors (College Cadre) in Higher Education Department, Haryana. There are 62 posts of Commerce subject.
In this post, let us discuss the preparation strategy for cracking this prestigious job with the Haryana Government, for which starting salary will be approximately One lakh per month.
It is very essential that you get a good score in written exam only, so that any unfavourable performance in interview does not hamper your chances of overall selection.
Please note that competition is going to be very tough, because large number of students are eligible for Commerce subject. You can take a guess about number of potential candidates from this data point. In UGC NET approx. 1,00,000 students appear for Commerce out of total of 9,00,000 students (highest among 80 subjects).
So, how to get a great score in written exam only. Based on our experience, at Human Peritus, allow us to share few “must to do” tips:
No. 1 – Syllabus is almost similar to syllabus of UGC NET: We, at Human Peritus, have analysed entire syllabus, word by word. We found that, it is almost same as UGC NET (it is subset of UGC NET). Thus, it becomes very very important for us to solve all previous year papers of UGC NET.
No. 2 – So, how to study with previous papers? Here is something important. While attempting each question, do not just “solve” the question. Rather try to understand the “entire concept”. Questions will not repeat in June 2019, but Concepts will repeat. For example, consider following question:
Which of following is not one of 4 Ps of Marketing?
(A) Product
(B) Price
(C) Place
(D) Process
Now, do not just look for the Answer (Option D)? Also Google and find out, what exactly is 4 Ps of Marketing? Which management Guru gave this concept? What each P stand for? What are 7 Ps for Services? etc. You should be equipped handle any question on 4 Ps of Marketing, just because you did one question.
Please mind it that, it will take time. May be 10-15 minutes with each question…But if you attempt around 2000 Commerce questions (all papers from 2009 to 2018), with this approach, No one can stop you from getting very good score in June 2019 exam.
No. 3 – So, which books to study? First thing, DO NOT buy any book, available on online portals. Why?? Because of two reasons…One….No one can cover entire syllabus with a book within 300-400 pages….Two…. the study material requires continuous improvements, as per changing exam trends…..
Still not convinced…Do one small experiment… Buy one such book…Download any last year paper from CBSE/UGC website. Try to find, how many exam questions are explained in your book.
Our suggestion is….Do not go after Books…Go after the Syllabus… Take a print out of syllabus and study topic by topic. One topic might be good in one books, Second topic in another book, Third topic on Google….. Fourth topic on RBI website…Fifth Topic on Ministry of Commerce website (Foreign trade policy)…and so on…Focus on topics and not on specific books.
No. 4 – How to study topic wise? There are two types of new topics.
Type 1– Topics for which you know clearly, what has to be studied and you can figure out, what can be expected questions. For example, Motivation Theories, Capital Budgeting, Types of Banks. These topics have defined boundaries and you know it.
Type 2– Topics for which you can keep studying for 1000 years and still you are not sure, if you have covered everything. For example, Banking Reforms, Industrial Relations in India. No one has idea on what is boundary here.
Identify and choose Type 1 topics from new syllabus, so that you get high ROI for your efforts.
No. 5 – What to do on exam day? Please note that, many students prepare well, but still they fail, because they do not do things smartly on the exam day.
Use strategy of elimination of Non-Easy questions… Do not attempt any question without elimination of choices. If you are able to eliminate even one choice, your chances of getting that question right are 33%. Similarly, if you can eliminate two choices, your chances are 50%. So, attempt smartly with elimination method.
Human Peritus Study material has been prepared with this approach. This is reason, why more than 80-90% questions were from our study material in previous NET exams. Visit home page of humanperitus.in to understand the structure of package for Assistant Professor Commerce for Haryana Public service Commission.
With this approach of Selective Study approach and Concise material, we will make you crack Assistant Professor (College Cadre) exam with 30-40 days of Preparation.
What do you feel about these observations ….Share you comments on the bottom of this page..
Syllabus for the post of Assistant Professor (College Cadre) in Commerce subject
Business Environment :
Meaning and Elements of Business Environment.
Economic environment, Economic Policies, Economic Planning.
Legal environment of Business in India: Competition policy, Consumer protection, Environment protection.
Policy Environment : Liberalization Privatisation and globalisation, Second generation reforms, Industrial policy and implementation. Industrial growth and structural changes.
Financial & Management Accounting :
Basic Accounting concepts, Capital and Revenue, Financial statements.
Partnership Accounts : Admission, Retirement, Death, Dissolution and Cash Distribution.
Advanced Company Accounts : Issue, forfeiture, Purchase of Business, Liquidation, Valuation of shares, Amalgamation, Absorption and Reconstruction, Holding Company Accounts.
Cost and Management Accounting : Ratio Analysis, Funds Flow Analysis, Cash Flow Analysis, Marginal costing and Break-even analysis, Standard costing, -Budgetary control, Costing for decision-making, Responsibility accounting.
Business Economics :
Nature and uses of Business Economics, Concept of Profit and Wealth maximization. Demand Analysis and Elasticity of Demand, Indifference Curve Analysis, Law of Demand.
Utility Analysis and Laws of Returns and Law of variable proportions.
Cost, Revenue, Price determination in different market situations : Perfect competition, Monopolistic competition, Monopoly, Price discrimination and Oligopoly, Pricing strategies.
Business Statistics & Data Processing :
Data types, Data collection and analysis, sampling, need, errors and methods of sampling, Normal distribution, Hypothesis testing, Analysis and Interpretation of Data.
Correlation and Regression, small sample tests – t-test, F-test and chi-square test.
Data processing : Elements, Data entry, Data processing and Computer applications.
Computer Application to Functional Areas – Accounting, Inventory control, Marketing.
Business Management :
Principles of Management.
Planning : Objectives, Strategies, Planning process, Decision-making.
Organising, Organisational structure, Formal and Informal organisations, Organisational culture.
Staffing
Leading : Motivation, Leadership, Committees, Communication.
Controlling
Corporate Governance and Business Ethics.
Marketing Management:
The evolution of marketing, Concepts of marketing, Marketing mix, Marketing environment.
Consumer behaviour, Market segmentation.
Product decisions
Pricing decisions
Distribution decisions
Promotion decisions
Marketing planning, Organising and Control.
Financial Management :
Capital Structure, Financial and Operating leverage.
Cost of capital, Capital budgeting.
Working capital management
Dividend Policy
Human Resources Management :
Concepts, Role and Functions of Human Resource management.
Human Resource Planning, Recruitment and Selection.
Training and Development, Succession Planning.
Compensation : Wage and Salary Administration, Incentive and Fringe benefits,
Morale and Productivity.
Performance Appraisal
Industrial Relations in India, Health, Safety, Welfare and Social security,
Workers’ Participation in Management.
Banking and Financial Institution :
Importance of Banking to Business, Types of Banks and Their Functions, Reserve Bank of India, NABARD and Rural Banking.
Banking Sector Reform in India, NPA, Capital adequacy norms.
E-banking
Development Banking : IDBI, IFCI, SFCs, UTI, SIDBI & MUDRA.
International Business :
Theoretical foundations of international business, Balance of Payments.
International liquidity, International Economic Institutions : IMF, World Bank IFC, IDA, ADB.
World Trade Organisation-its functions and policies.
Structure of India’s foreign trade : Composition and direction, EXIM Bank,
EXIM Policy of India, Regulation and promotion of Foreign Trade.
