The Vardhaman Mahaveer Open University is one of the foremost institutes of the north imparting education in science commerce law etc. The field of Financial Administration is very much in demand as it deals with money matters.

Importance of the paper

The aim of any business venture big or small is to make money through profits. The different aspects of the business venture involve different ways of generating profit. Thus making the right choices when it comes to money is very important. The ability of taking decisions based on an adequate knowledge of the situation taking into consideration the general mind set of the people is again something that is expected of the candidates.

Format

Now about format. If we speak of the format for this paper, it is very simple with word limit for all the questions.

Paper pattern

As far as paper pattern is concerned, it is like other VMOU papers. You will get two parts. First part has 3 compulsory questions with answer word counrt of 500 words. Second part has 7 questions in which answering only 4 will suffice. In this part answer should have a word count of 150.

Marking

Markings are like 42 marks for the first part and 28 for the second. 14 marks for each question in the first part and 7 marks in the second part making a total of 70 marks.

Some questions from the question paper

The questions that most frequently feature in the question paper are

Economic planning is essential for a country like India. Examine the role of planning with special reference to the new economic policy.

Why is there a need for cost control in business? Discuss in brief the effective technique of cost control.

Write an essay on the Financial Relation between Centre and State.

Time allotted

Time given is same 3 hours

Recommended books

The most popular books are “Public Financial Administration by V.M.Levy” and “Studies in federal Finance by G.Thimmaiah”