IAS Exam NIOS BUSINESS STUDIES Book- 1 Study Material

NIOS Study Materials are most useful and reliable study material for the Preparation of UPSC IAS Exam either in IAS Prelims or in IAS Mains Exam. NIOS Study Materials Covers most of the topics mentioned in the UPSC IAS Exam syllabus. Here, we provided Study Material of Business Studies- Book 1 for IAS Exam

Created On: Apr 6, 2016 11:25 IST

For the Civil Services aspirants the available NIOS readings are much important. The NIOS textbooks contain precise study material available in all major subjects like History, Geography, Political Science, Economy, Accountancy, Business Studies, Law, Sociology Psychology, Environment and Ecology etc. The IAS aspirants need to prefer such textbooks which required less time to cover the whole UPSC IAS syllabus. NIOS textbooks are equally important for UPSC IAS Prelims Exam as well as for IAS Mains Exam.

Module-I: Business Around Us

Nature and Scope of Business

In your day-to-day life you may be engaged in several activities. However, when someone asks you as to what you want to become in your life or what you want to do in future, your answer may be – “I want to join a suitable job or I want to become a doctor, an engineer, a dancer or a musician”, or you may say, “I want to do my own business”. But why do you want to do any of such activities?

Business Support Services

Have you ever observed the various activities performed by a businessman while carrying out the business operations? Look at the grocery shop of your locality. What does the owner do? He arranges funds, buys goods from the main market, carries those goods to his shop, stores those systematically and sells to the customers as per their demand.

Business Environment

Understanding the environment within which the business has to operate is very important for running a business unit successfully at any place. Because, the environmental factors influence almost every aspect of business, be it its nature, its location, the prices of products, the distribution system, or the personnel policies.

Modern Environment

You know that normally, to buy goods and services we visit the nearby market, to book the train tickets we go to the rail reservation counters, to make deposits and withdrawals of money we visit banks personally, and so on. But, now-a-days all these facilities are available at our doorstep. The Information and Communication Technology (ICT) has made it a reality.

Module-II: Business Organisations

Forms of Business Organisation

You have studied in the first lesson about the business, its significance and the classification of business activities. You are also aware that these activities are carried out by individuals in an organised form of a business house having different patterns of ownership and management. A single individual may own the business or a number of individuals may come together to own the business jointly.

Company Form of Business Organisation

You must be aware that during the second five-year plan period five steel plants were established in India’s underdeveloped areas to give a boost to the industrialization of the country. Do you know who owns these steel plants? It is the Government of India. It has set up a Joint Stock Company known as Steel Authority of India Limited (SAIL) for this purpose.

Public Sector Enterprises

You have learnt about various forms of business organisations, which primarily relate to private enterprises. Traditionally, business activities were left mainly to individual and private organisations, and the government was taking care of only the essential services such as railways, electricity supply, postal services etc.

Module-III: Preparing for Employment

Self Employment

Having learnt about the nature and scope of business, business support services, business environment, modern mode of business, forms of business organisations etc. you may be thinking about earning your livelihood. At this stage you have to decide whether to take up a job in an organisation or to start your own business.

Getting Ready for Wage Employment

Once you decide to earn your livelihood by pursuing wage employment you should be ready to work as an employee; work under certain terms and conditions of employment; and get fixed amount of salary or wages as remuneration. But how will you enter into the world of employment? In the present employment situation of our country it is not an easy task to get into any job.

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