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Derivatives chapter - MAFA

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10 March 2009 I have been preparing MAFA from V Pattabhi Ram's book and spend a lot of time practicing the chapter on Derivatives but lately I found that this chapter is not even covered by our CA Module nor the institute's compilor. So pls. guide how imp. is this chapter?

And also let me know which are the most imporatant chapters in MAFA and which are the most expected one's for the upcoming attempt.
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KAAPIL

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KAAPIL (Expert)
14 March 2009 Derivatives
International Finance
Risk Analysis
Portfolio Management
Dividend
Leasing
Capital Budgeting
Mergers And Acquisitions
Mutual Funds
These will carry 65% practicals and 10% thoery.
Rest is 25%.
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