For those aspiring to attempt UGC NET and wish to know more about the UGC NET Syllabus for Commerce. There are a total of 10 units, under which there are various important topics as well. Candidates can also check out the subject-specific important topics UGC NET Commerce.
UGC NET Syllabus for Commerce: TheUGC NET exam 2024 is set to be conducted between June 10 to June 21, 2024. The exam is conducted to recruit candidates for the vacancy of Assistant Professor and Junior Research Fellow. This is a National Level Examination that is conducted to determine the eligibility of the candidates to be selected for a prestigious post in India under the University Grants Commission.
All across India, many graduates opt for the UGC NET (National Eligibility Test), which is conducted for pursuing a Junior Research Fellowship or for the post of an Assistant Professor. UGC NET is conducted for various subjects, among which lies Commerce as well. Those willing to grow the career opportunities in the field of Commerce through Research or Lectureship. It has been a trend for commerce graduates who have completed and graduated from a postgraduate Commerce course to pursue UGC NET. And for good reason as the career opportunities in the field are immense and lucrative. To crack the exam, aspirants are to prepare the following UGC NET syllabus 2024 for Commerce.
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UGC NET Syllabus for Commerce: Highlights
The candidates who are looking forward to taking the UGC NET 2024 exam can check out some of the major highlights related to the UGC NET syllabus for Commerce from the table provided below:
Name | National Eligibility Test |
|---|---|
Organized By | National Testing Agency |
Academic Year | 2024 |
Subject | Commerce |
Number of Papers | 2 |
Exam Pattern | Multiple choice questions
|
Duration of the paper | 3 hours |
Also Read: UGC NET June 2024 Cutoff for Commerce
UGC NET 2024 Exam Pattern
To crack the examination, all candidates are to prepare the following chapters and subjects about Commerce. As per the guidelines, UGC NET is conducted in two shifts, with Paper-1 and Paper-2. Paper-1 contains general questions, which are to be attempted by students from all streams, while Paper-2 contains questions relating specifically to the subject chosen by the candidate, here, Commerce. The exam will be conducted for the entire duration of three hours, under which candidates will have to answer a total of 150 questions carrying 2 marks each. Students are advised to attempt all questions. Applicants need not worry about losing marks, as there is no negative marking for incorrect answers. Check out the exam highlights for UGC NET 2024 Commerce, as outlined by the National Testing Agency (NTA).
Paper | Number of Questions | Number of Marks | Duration of Exam |
|---|---|---|---|
Paper-1 | 50 | 50X2 = 100 | 1 Hour |
Paper-2 | 100 | 100X2 = 200 | 2 Hours |
UGC NET Syllabus for Commerce 2024
The UGC NET Syllabus for Commerce has been defined by the University Grants Commission. As per the outlined syllabi for commerce, there are 10 units that need to be covered by the applicants. The units range from Business Environment and International Business to Income-Tax and Corporate Tax Planning. Given below are the Units and some of the Important Topics for Commerce in UGC NET 2024:
Unit 1: Business Environment and International Business
Important Topics | |
|---|---|
Concepts and Elements of Business Environment: Economic Environment Political Environment Economic Policies Legal Environment Socio-Cultural Factors Economic Systems Corporate Social Responsibility | Scope and Importance of International Business Globalisation and Drivers of Globalisation Modes to Enter International Business |
Theories of International Trade Government’s Role in International Trade Tariff and Non-Tariff Barriers Foreign Trade Policy of India | Foreign Direct Investment Foreign Portfolio Investment India FDI Policy Types and Benefits of FDI |
Importance of Balance of Payments Components of BOP | Trade Creation and Diverse Effects Regional Economic Integration: Levels Regional Trade Agreements |
International Economic Institutions | World Trade Organisation Functions, Objective and Agriculture Agreement |
Unit 2: Accounting and Auditing
The candidates can start preparing for this specific unit by checking out the information about the important topics from the table provided below:Important Topics | |
|---|---|
Basic Accounting Principles, Concepts & Postulates | Partnership Accounts - Admission Retirement Death Dissolution Insolvency of Partnership Firms |
Corporate Accounting Issue of Shares Forfeiture & Re-Issuing of shares Company Liquidation Acquisition / Amalgamation / Merger / Reconstruction of companies | Holding Companies Accounts |
Financial Statement Analysis Ratio Analysis Funds Flow Cash Flow Analysis | Cost Management Accounting - Marginal Costing and Break-even Analysis, Standard Costing Process Costing Costing for Decision-Making Budgetary Control Life-cycle costing Activity-Based Costing Kaizen Costing Target Costing JIT |
Human Resource Accounting - Inflation Accounting Environmental Accounting | Standards of Accounting in India IFRS |
Auditing - Cost Audit Independent Financial Audit Verification and Valuation of Assets & Liabilities Vouching Audit of Financial Statements & Report | Recent Trends in Auditing Safety Audit Energy Audit Management Audit Systems Audit Environment Audit |
Unit 3: Business Economics
Important Topics | |
|---|---|
Business Economics - Meaning and Scope | Business Firms - Objectives |
Demand Analysis - Elasticity of Demand Law of Demand Relationship between AR & MR | Customer Behaviour - Indifference Curve Analysis Utility Analysis |
Law of Variable Proportions - Law of Returns to Scale | Theory of Cost - Short and Long-run Cost Curves |
Oligopoly - Price Leadership Model Price Determination in Various Market Forms Price Discrimination Monopolistic Competition Perfect Competition Monopoly | Price Skimming Pricing Strategies Peak Load Pricing Price Penetration |
Unit 4: Business Finance
Important Topics | |
|---|---|
Financing - Scope and Sources Lease Financing | Time Value of Money Cost of Capital |
Capital Structure | Capital Budgeting Decision Conventional Techniques for Capital Budgeting Analysis Scientific Methods of Capital Budgeting Analysis |
Management of Working Capital Theories and Policies of Dividend Decision | Analysis of Risk & Return Scrutiny of Assets |
International Monetary System | Foreign Exchange Market Exchange Rate Risk Hedging Methods |
Instruments Euro Currency International Financial Markets ADRs GDRs | Multinational Capital Budgeting International Arbitrage |
Unit 5: Business Statistics and Research Methods
Important Topics | |
|---|---|
Central Tendency Measures | Dispersion Measures |
Skewness Measures | Correlation & Regression Between/of Two Variables |
Approaches to Probability Baye’s Theorem Probabilities | Probability Distribution Binomial, Poisson & Normal Distributions |
Research Concept, Designs and Types | Data Collection and Classification |
Sampling and Estimation Concepts and Sampling Probability and Non-Probability Samples Sampling Distribution Standard Error Central Limit Theorem Statistical Estimation | ANOVA Hypothesis Testing Chi-square test Kruskal Wallis Test (H-Test) Z-Test T-Test Mann-Whitney Test (U-Test) |
Unit 6: Business Management and Human Resource Management
Check out some of the major topics that will be coming in this unit from the table provided below:Important Topics | |
|---|---|
Principals and Function of Management | Organization Structure Formal and Informal Organisation Span of Control |
Responsibility and Authority Delegation of Authority & Decentralisation | Motivation and Leadership Concept and Theories |
Business Ethics Corporate Governance | Human Resource Planning Human Resource Management Recruitment and Selection Concept, Role, and Functions of HRM Succession Planning Training and Development |
Compensation Management Incentives & Fringe Benefits Job Evaluation | Performance-Based Appraisal |
Collective Bargaining Participation of Workers in Management | Personality - Perception, Attitudes, Conflict, Emotions, Group Dynamics, Negotiation and Stress Management, and Power and Politics |
Organisational Culture, Change, and Development | |
Unit 7: Banking and Financial Institutions
Important Topics | |
|---|---|
Overview of the Indian Financial System | Types of Banks Commercial, Regional Rural, and Foreign Banks Cooperative Banks |
Reserve Bank of India (RBI) - Role, Functions and Monetary Policy Management | Indian Banking Sector Reforms Risk Management Basel Norms NPA Management |
Financial Markets Government Securities Market Capital Markets Money Markets | Financial Institutions Mutual Funds Development Finance Institutions Pension Funds Non-Banking Financial Companies |
Indian Financial Regulators | Reforms in the Financial Sector |
Internet, Mobile and Digital Banking/Payment Systems Digitisation of Banking and Other Financial Services | Insurance Insurance Regulatory Framework IRDA and Functions Insurance Types Risk Classification/Management Factors Limiting Risk Insurability Re-Insurance |
Unit 8: Marketing Management
Important Topics | |
|---|---|
Marketing: Marketing channels Concept and approaches Strategic Marketing mix Marketing Planning Market segmentation, targeting, and positioning | Product decisions: Product line Concept New product development Mix Decisions Life Cycle |
Pricing decisions Pricing policies and strategies Factors affecting price determination | Role of promotion in marketing Promotion decisions Methods of Promotion - Advertising Personal selling Publicity Tools for Sales promotion Techniques for Sales Promotion Promotion mix |
Distribution decisions Distribution Channels Management of Channels | Consumer Buying Process Consumer Behaviour Influencing Factors for Consumer Decisions |
Service Marketing | Marketing Trends - Social, Online, Green, Direct, and Rural Marketing |
Logistics Management | |
Unit 9: Legal Aspects of Business
The candidates can start preparing for this specific unit by checking out the information about the important topics from the table provided below:Important Topics | |
|---|---|
Indian Contract Act, 1872 Capacity of parties Elements of Valid Contract Discharge of a Contract Free Consent Contract Breach and Remedies Quasi-contracts | Special contracts Indemnity Contracts & its Guarantee Bailment Contracts & Pledge Contracts of Agency |
Sale of Goods Act, 1930 Caveat Emptor's Doctrine Sale and agreement to sell Rights of Unpaid Seller Rights of the Buyer | Negotiable Instruments Act, 1881 Negotiation and Assignment Negotiable Instrument Types Dishonor/discharge of Negotiable Instruments |
The Companies Act, 2013 Formation of Companies Nature and Types of Companies Management, Meetings & Winding-up of Joint-Stock Company | Limited Liability Partnership Structure Formation Procedure of LLP in India |
The Competition Act, 2002 Objectives Major Provisions | The Information Technology Act, 2000 Objectives Major Provisions Cybercrimes Penalties of Cybercrimes |
The RTI Act, 2005 Objectives Major Provisions | Intellectual Property Rights (IPRs) Patents, Trademarks, and Copyrights Rising Issues in Intellectual Property |
Goods and Services Tax (GST) Objectives Major Provisions Method of Implementation Dual GST Functioning Benefits of GST | |
Unit 10: Income-Tax and Corporate-Tax Planning
Important Topics | |
|---|---|
Income-tax - Basic Concepts Tax Incidence Residential Status Agricultural Income Excluded Incomes Taxable Income Computing Under Different Heads Gross Total Income Deductions Income Clubbing Assessment of Individuals | International Taxation Double Taxation & Avoidance Tactics Transfer Pricing |
Corporate Tax Planning CTP Concepts/Significance Tax Avoidance Vs Tax Evasion CTP Methods Business Situation-Based Tax considerations Decision Making or Buying Asset-Leasing or Asset-Owning Asset Retention, Renewal, or Replacement Closure / Continuance of Operation | Tax Deduction and Collection Source Advance Tax Payment Income-Tax Returns Through E-Filling |
Also Read: UGC NET Question Papers 2022 - Download PDFs
Best Books to Cover UGC NET 2024 Commerce Syllabus
If you are preparing for the commerce subject then you can check out the information related to the list of books that you will need in order to prepare for the UGC NET syllabus for Commerce:
Subjects | Authors |
|---|---|
Business Environment and International Business | Sumati Varma |
Accounting and Auditing | J. R. Monga |
Business economics | 12th class book of Microeconomics |
Business Statistics and Research methods | S. P. Gupta |
Marketing Management | Philip Kotler |
Business Finance | M.Y. Khan & P.K. Jain |
UGC NET 2024 Syllabus for Commerce: Preparation Tips
There are some fantastic tips and tricks that will help you to prepare for the UGC NET commerce examination that is to be held very soon. The candidates can check out the preparation tips given below:
- The candidates can download the detailed UGC NET Commerce syllabus for from the organization's official website. You can also download the exam pattern to start your study plan for the entrance examination.
- The candidates must plan a timetable for the UGC NET Commerce exam by considering the information downloaded from the official website.
- The candidates can also practice the previous year's question papers and download the sample papers from the official website of the organization. You can also download the solutions.
- The candidates must give a mock test available online and also prioritize giving the quizzes that are available online so that they can work on the small topics.
- The candidates must be confident while giving the UGC NET paper because confidence is the key to getting good marks in these types of entrance exams.
As mentioned above, all the information that has been given in the table above has been referred to the Commerce Syllabus for UGC NET as outlined by UGC itself. All the questions that will be asked in Paper 2 of UGC NET for Commerce will be based on the topics and units mentioned above. Therefore, in order to clear the examination, students are required to ensure that they have prepared for the above-mentioned topics!
Related Links:
| UGC NET Important Topics for Law | UGC NET 2024 Exam Day Guidelines |
|---|---|
| UGC NET Important Topics for Political Science | UGC NET 2024 Important Topics for Paper 1 |
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