Important Update Regarding Online Content & Classes

Dear Students, Readers, and Subscribers,

I am posting this update to share a critical decision regarding the future of new content on this blog and our YouTube channel.

Over the past months, I have been facing severe financial difficulties. I reached out to our community for support to help sustain our online teaching efforts. However, apart from two dedicated students—to whom I am deeply grateful—I did not receive any financial support from the wider audience.

Decision: Consequently, I have decided to discontinue creating new online teaching content for AHSEC/ASSEB Class 12 and Dibrugarh University courses.

Creating regular content requires significant time, effort, and resources. Under the current circumstances, it is no longer sustainable for me to dedicate time here without mutual community support.

Moving forward, I will be directing my time and energy toward my personal academic goals—specifically preparing for my CMA Final Examination in December 2026. Focusing on my studies is necessary for my professional career and long-term stability.

A sincere thank you to the two students who stepped forward during this difficult period, and to everyone who has supported my work over the years. All existing notes and study materials will remain available on the blog for your reference.

I wish you all the very best in your studies and future exams.

Warm regards,
Kumar Nirmal Prasad

Gauhati University - M.Com Distance Syllabus: Financial Services


4.18 Financial Services
Unit I: Evolution and Role of Financial Services in India- NBFCS; Banks, comparison of NBFCs with Banks, service provided.

Unit II: Leasing- concept and classification, advantages and disadvantages of leasing, evolution of Indian Leasing Industry, Leasing and Commercial Banks, Tax implications of Leasing.

Unit III: Hire Purchase- concept and characteristics, calculation of effective interest rate, tax-implication of Hire Purchase.

Unit IV: Consumer Finance- Role of Consumer Credit, Features of Consumer Credit Transactions.

Unit V: Venture capital- nature and scope, Investment process, (types of VC financing) evaluation criteria, limitations, venture capital funds in India.

Unit VI: Insurance-services; Definition- Life Insurance, Marine Insurance, Miscellaneous Insurance.

Unit VII: Miscellaneous financial services, Housing Finance, demat, depository services and stock broking services.

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