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Financial Literacy as per NEP for Bcom/BBA SEM 1 PU CHD

by Madhurima
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  • Q1
    Is this book strictly based on the latest syllabus for B.Com./BBA Semester 1 at Panjab University, Chandigarh?
    A1

    Yes, this book is meticulously crafted to align 100% with the prescribed syllabus for Course Code B.Com./BBA (VAC)-101 for the current academic year.

  • Q2
    Does this textbook cover both theory and practical aspects as per the NEP 2020 guidelines?
    A2

    The book is designed for a theory-based Value Added Course (2 credits). It focuses on theoretical concepts but includes practical topics like creating budgets and understanding real-world banking services, supporting the NEP's holistic approach.

  • Q3
    I am a distance learning or part-time student. Is this book suitable for self-study?
    A3

    Absolutely. The language is clear and the concepts are explained in a structured, easy-to-follow manner, making it an excellent resource for students who are not attending regular classes.

  • Q4
    What is the difference between this "Financial Literacy" VAC and the core "Financial Accounting" paper?
    A4

    This Financial Literacy VAC focuses on personal finance management—budgeting, savings, banking, loans, and insurance for individuals. Financial Accounting typically deals with accounting principles for businesses. They are complementary but distinct subjects.

  • Q5
    Does the book include information on recent trends like digital banking, UPI, or online insurance policies?
    A5

    While the core syllabus focuses on fundamental concepts, the book covers essential modern services offered by banks. For the very latest digital trends, students are encouraged to supplement reading with current financial news.

  • Q6
    Are topics like KYC (Know Your Customer) and different types of bank deposits explained in detail?
    A6

    Yes, Chapter 8, "Bank Deposits (Including KYC)," and related chapters in Unit II provide a detailed explanation of these crucial banking formalities.

  • Q7
    Is the insurance section detailed enough to understand different policy types like term plans, ULIPs, or motor insurance?
    A7

    Yes, the book has dedicated chapters on Life Insurance, General Insurance, Health Insurance, and Property Insurance, which cover the fundamental types of policies available in these categories.

  • Q8
    As a BBA student, will the content on business budgeting be relevant to me?
    A8

    Certainly. Unit I explicitly covers Business Budgeting along with Personal and Family Budgets, making it highly relevant for BBA students understanding financial planning in an organizational context.

  • Q9
    Does the book contain exercises or practice questions at the end of each chapter?
    A9

    The primary focus is on providing clear, syllabus-specific content. Its structure is designed to help students grasp concepts for university exams, which may include chapter-end summaries or key points for revision.

  • Q10
    Can this book be useful for someone not a student of PU CHD but wanting to learn financial basics?
    A10

    Yes, the topics covered are fundamental to financial literacy and are applicable to anyone seeking to manage their personal finances better, regardless of their academic affiliation.

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Have Doubts Regarding This Product ? Ask Your Question

  • Q1
    Is this book strictly based on the latest syllabus for B.Com./BBA Semester 1 at Panjab University, Chandigarh?
    A1

    Yes, this book is meticulously crafted to align 100% with the prescribed syllabus for Course Code B.Com./BBA (VAC)-101 for the current academic year.

  • Q2
    Does this textbook cover both theory and practical aspects as per the NEP 2020 guidelines?
    A2

    The book is designed for a theory-based Value Added Course (2 credits). It focuses on theoretical concepts but includes practical topics like creating budgets and understanding real-world banking services, supporting the NEP's holistic approach.

  • Q3
    I am a distance learning or part-time student. Is this book suitable for self-study?
    A3

    Absolutely. The language is clear and the concepts are explained in a structured, easy-to-follow manner, making it an excellent resource for students who are not attending regular classes.

  • Q4
    What is the difference between this "Financial Literacy" VAC and the core "Financial Accounting" paper?
    A4

    This Financial Literacy VAC focuses on personal finance management—budgeting, savings, banking, loans, and insurance for individuals. Financial Accounting typically deals with accounting principles for businesses. They are complementary but distinct subjects.

  • Q5
    Does the book include information on recent trends like digital banking, UPI, or online insurance policies?
    A5

    While the core syllabus focuses on fundamental concepts, the book covers essential modern services offered by banks. For the very latest digital trends, students are encouraged to supplement reading with current financial news.

  • Q6
    Are topics like KYC (Know Your Customer) and different types of bank deposits explained in detail?
    A6

    Yes, Chapter 8, "Bank Deposits (Including KYC)," and related chapters in Unit II provide a detailed explanation of these crucial banking formalities.

  • Q7
    Is the insurance section detailed enough to understand different policy types like term plans, ULIPs, or motor insurance?
    A7

    Yes, the book has dedicated chapters on Life Insurance, General Insurance, Health Insurance, and Property Insurance, which cover the fundamental types of policies available in these categories.

  • Q8
    As a BBA student, will the content on business budgeting be relevant to me?
    A8

    Certainly. Unit I explicitly covers Business Budgeting along with Personal and Family Budgets, making it highly relevant for BBA students understanding financial planning in an organizational context.

  • Q9
    Does the book contain exercises or practice questions at the end of each chapter?
    A9

    The primary focus is on providing clear, syllabus-specific content. Its structure is designed to help students grasp concepts for university exams, which may include chapter-end summaries or key points for revision.

  • Q10
    Can this book be useful for someone not a student of PU CHD but wanting to learn financial basics?
    A10

    Yes, the topics covered are fundamental to financial literacy and are applicable to anyone seeking to manage their personal finances better, regardless of their academic affiliation.

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