UGC NET Commerce Exam 2023: Syllabus, Study Material, & Preparation Tips

UGC NET Commerce Exam 2023-24: If you have completed your postgraduate studies in commerce and want to pursue a career in this area, UGC NET 2023 Exam is the right choice for you. If you decide to make a career in such areas, you must know everything there is to know about this test.

• List of UGC NET Subjects

We have given the best ways to prepare for the UGC NET Commerce Exam 2023, as well as exam info, in this article.

UGC NET Commerce Exam 2023 Eligibility Criteria

If you are certain that you want to pass the exam, you must first review the UGC NET Eligibility Criteria to see if you are qualified to apply for the Commerce exam or not. You must be curious about the determining factors and that’s quite normal. Let’s take a look:

Educational Qualification for Commerce NET Exam 2023

• A student has to complete his or her Post-Graduation in Commerce, Finance, Economics, Business Services, Accountancy, or another equivalent subject.
• The candidates belonging to General Category have to secure 55% in commerce or equivalent subject and for ST/SC/OBC/PWD/Transgenders the percentage criteria are 50%.

UGC NET Commerce Exam Age Limit 2023

• For JRF – 30 Years for the General Category & Up to 5 Years of Age Relaxation in Other Categories.
• For Lectureship – No Upper Age Limit for NET Exam 2023 Commerce

UGC NET Commerce Exam Pattern

Check out the table below for a quick overview of the NTA NET Commerce paper pattern:

UGC Syllabus for Commerce 2023 Exam

For your upcoming exam, you must go through the UGC NET Syllabus for Commerce. Don’t miss out on anything. 

• Download UGC NET Commerce Paper 1 Syllabus PDF

Here is the UGC NET Commerce Exam Syllabus for Paper 2-

• Unit 1: Business Environment and International Business
• Unit 2: Accounting and Auditing
• Unit 3: Business Economics
• Unit 4: Business Finance
• Unit 5: Business Statistics and Research Methods
• Unit 6: Business Management and Human Resource Management
• Unit 7: Banking and Financial Institutions
• Unit 8: Marketing Management
• Unit 9: Legal Aspects of Business
• Unit 10: NET Commerce Income-tax and Corporate Tax Planning

Unit 1: Business Environment and International Business

• Concepts and elements of business environment: Economic environment- Economic systems, Economic policies(Monetary and fiscal policies); Political environment- Role of government in business; Legal environment- Consumer Protection Act, FEMA; Socio-cultural factors and their influence on business; Corporate Social Responsibility (CSR)
• Scope and importance of international business; Globalization and its drivers; Modes of entry into international business
• Theories of international trade; Government intervention in international trade; Tariff and non-tariff barriers; India’s foreign trade policy
• Foreign direct investment (FDI) and Foreign portfolio investment (FPI); Types of FDI, Costs, and benefits of FDI to home and host countries; Trends in FDI; India’s FDI policy
• Balance of payments (BOP): Importance and components of the BOP
• Regional Economic Integration: Levels of Regional Economic Integration; Trade creation and diversion effects; Regional Trade Agreements: European Union (EU), ASEAN, SAARC, NAFTA
• International Economic Institutions: IMF, World Bank, UNCTAD
• World Trade Organisation (WTO): Functions and objectives of WTO; Agriculture Agreement; GATS; TRIPS; TRIMS

Unit 2: Accounting and Auditing

• Basic accounting principles; concepts and postulates
• Partnership Accounts: Admission, Retirement, Death, Dissolution, and Insolvency of partnership firms
• Corporate Accounting: Issue, forfeiture, and reissue of shares; Liquidation of companies; Acquisition, merger, amalgamation, and reconstruction of companies
• Holding company accounts
• Cost and Management Accounting: Marginal costing and Break-even analysis; Standard costing; Budgetary control; Process costing; Activity Based Costing (ABC); Costing for decision-making; Life cycle costing, Target costing, Kaizen costing, and JIT
• Financial Statements Analysis: Ratio analysis; Funds flow Analysis; Cash flow analysis
• Human Resources Accounting; Inflation Accounting; Environmental Accounting
• Indian Accounting Standards and IFRS
• Auditing: Independent financial audit; Vouching; Verification ad valuation of assets and liabilities; Audit of financial statements and audit report; Cost audit
• Recent Trends in Auditing: Management audit; Energy audit; Environment audit; Systems audit; Safety audit

Unit 3: Business Economics

• Meaning and scope of business economics
• Objectives of business firms
• Demand analysis: Law of demand; Elasticity of demand and its measurement; Relationship between AR and MR
• Consumer behavior: Utility analysis; Indifference curve analysis
• Law of Variable Proportions: Law of Returns to Scale
• Theory of cost: Short-run and long-run cost curves
• Price determination under different market forms: Perfect competition; Monopolistic competition; Oligopoly- Price leadership model; Monopoly; Price discrimination
• Pricing strategies: Price skimming; Price penetration; Peak-load pricing

Unit 4: Business Finance

• Scope and sources of finance; Lease financing
• Cost of capital and time value of money
• Capital structure
• Capital budgeting decisions: Conventional and scientific techniques of capital budgeting analysis
• Working capital management; Dividend decision: Theories and Policies
• Risk and return analysis; Asset securitization
• International monetary system
• Foreign exchange market; Exchange rate risk and hedging techniques
• International financial markets and instruments: Euro currency; GDRs; ADRs
• International arbitrage; Multinational capital budgeting

Unit 5: Business Statistics and Research Methods

• Measures of central tendency
• Measures of dispersion
• Measures of skewness
• Correlation and regression of two variables
• Probability: Approaches to probability; Bayes’ theorem
• Probability distributions: Binomial, Poisson, and normal distributions
• Research: Concept and types; Research designs
• Data: Collection and classification of data
• Sampling and estimation: Concepts; Methods of sampling – probability and non-probability methods; Sampling distribution; Central limit theorem; Standard error; Statistical estimation
• Hypothesis testing: z-test; t-test; ANOVA; Chi-square test; Mann-Whitney test (U-test); Kruskal-Wallis test (H-test); Rank correlation test
• Report writing

Unit 6: Business Management and Human Resource Management

• Principles and functions of management
• Organization structure: Formal and informal organizations; Span of control
• Responsibility and authority: Delegation of authority and decentralization
• Motivation and leadership: Concept and theories
• Corporate governance and business ethics
• Human resource management: Concept, role, and functions of HRM; Human resource planning; recruitment and selection; Training and development; Succession planning
• Compensation management: Job evaluation; Incentives and fringe benefits
• Performance appraisal including 360-degree performance appraisal
• Collective bargaining and workers’ participation in management
• Personality: Perception; Attitudes; Emotions; Group dynamics; Power and Politics; Conflict and negotiation; Stress management
• Organizational Culture: Organizational development and organizational change

Unit 7: Banking and Financial Institutions

• Overview of the Indian financial system
• Types of banks: Commercial banks; Regional Rural Banks (RRBs); Foreign banks; Cooperative banks
• Reserve Bank of India: Functions; Role and monetary policy management
• Banking sector reforms in India: Basel norms; Risk management; NPA management
• Financial markets: Money market; Capital market; Government securities market
• Financial Institutions: Development Finance Institutions (DFIs); Non-Banking Financial Companies (NBFCs); Mutual Funds; Pension Funds
• Financial Regulators in India
• Financial sector reforms including financial inclusion
• Digitization of banking and other financial services: Internet banking; mobile banking; Digital payments systems
• Insurance: Types of insurance- Life and Non-life insurance; Risk classification and management; Factors limiting the insurability of risk; Re-insurance; Regulatory framework of insurance- IRDA and its role

Unit 8: Marketing Management

• Marketing: Concept and approaches; Marketing channels; Marketing mix; Strategic marketing planning; Market segmentation, targeting, and positioning
• Product decisions: Concept; Product line; Product mix decisions; Product life cycle; New product development
• Pricing decisions: Factors affecting price determination; Pricing policies and strategies
• Promotion decisions: Role of promotion in marketing; Promotion methods – Advertising; Personal selling; Publicity; Sales promotion tools and techniques; Promotion mix
• Distribution decisions: Channels of distribution; Channel management
• Consumer Behaviour; Consumer buying process; factors influencing consumer buying decisions
• Service marketing
• Trends in marketing: Social marketing; Online marketing; Green marketing; Direct marketing; Rural marketing; CRM
• Logistics management

Unit 9: Legal Aspects of Business

• Indian Contract Act, 1872: Elements of a valid contract; Capacity of parties; Free consent; Discharge of a contract; Breach of contract and remedies against breach; Quasi-contracts;
• Special contracts: Contracts of indemnity and guarantee; contracts of bailment and pledge; Contracts of agency
• Sale of Goods Act, 1930: Sale and agreement to sell; Doctrine of Caveat Emptor; Rights of unpaid seller and rights of the buyer
• Negotiable Instruments Act, 1881: Types of negotiable instruments; Negotiation and assignment; Dishonour and discharge of negotiable instruments
• The Companies Act, 2013: Nature and kinds of companies; Company formation; Management, meetings, and winding up of a joint-stock company
• Limited Liability Partnership: Structure and procedure of formation of LLP in India
• The Competition Act, 2002: Objectives and main provisions
• The Information Technology Act, 2000: Objectives and main provisions; Cybercrimes and penalties
• The RTI Act, 2005: Objectives and main provisions
• Intellectual Property Rights (IPRs): Patents, trademarks, and copyrights; Emerging issues in intellectual property
• Goods and Services Tax (GST): Objectives and main provisions; Benefits of GST; Implementation mechanism; Working of dual GST

Unit 10: NET Commerce Income-tax and Corporate Tax Planning

• Income-tax: Basic concepts; Residential status and tax incidence; Exempted incomes; Agricultural income; Computation of taxable income under various heads; Deductions from Gross total income; Assessment of Individuals; Clubbing of incomes
• International Taxation: Double taxation and its avoidance mechanism; Transfer pricing
• Corporate Tax Planning: Concepts and significance of corporate tax planning; Tax avoidance versus tax evasion; Techniques of corporate tax planning; Tax considerations in specific business situations: Make or buy decisions; Own or lease an asset; Retain; Renewal or replacement of asset; Shut down or continue operations
• Deduction and collection of tax at source; Advance payment of tax; E-filing of income tax returns

UGC NET Commerce Study Material PDF 

It is important to begin your Commerce Exam preparation with high-quality UGC NET study materials. It will assist you in rapidly learning and comprehending the fundamental concepts. We recommend that you review and download our free UGC NET Commerce Exam study materials, which will assist you in your preparation–

• UGC NET Commerce Exam Study Materials
• UGC NET Commerce Exam Sample Papers
• UGC NET Commerce Exam Question Bank
• UGC NET Commerce Notes PDF Free Download

UGC Commerce Previous Year Question Paper

Besides looking for the best study material for UGC NET Commerce 2023 Exam please take some time out for the previous year’s question paper. You will have an idea of the probable questions for the upcoming exam while analyzing the pattern of the appeared questions. 

• • You can check the previous year’s commerce paper here- UGC NET Commerce Exam Question Paper

Write it down in your notebook and see if it’s correct. This is believed to be one of the best ways to prepare for your UGC Commerce exam. 

Best Books For UGC NET Commerce Exam 2023

When you are visiting a bookstore or buying a book online try to ask all relevant questions. Is this book considered to be one of the best books for UGC NET Commerce 2023?  How many experts have recommended this book? Is it written in a language that is easier to understand? How much clarity it has?

You can also refer to the UGC NET Books for Commerce Exam from the below link:

• Download UGC NET Commerce Exam Books Free PDF

UGC NET Commerce Mock test

You still have some time to prepare for your NET Commerce UGC Exam 2023 and the best way to utilize your time is by appearing for Commerce NET UGC mock tests.

• UGC NET Mock test

Through mock tests, a student can work on his weak areas. He or she can easily convert his weakness into his strength and that is the reason why it is necessary to sit for mock tests.

UGC NET Commerce Exam Cut-Off Marks

Go through the UGC NET Commerce Paper 2022 cut-off from the table below (official) to get an idea for this year.

Category	JRF & Assistant Professor		Assistant Professor Only
	Cutoff Marks Percentage	Total	Cutoff Marks Percentage	Total
UNRESERVED	99.35	461	95.63	3256
EWS	98.53	76	85.21	918
OBC(NCL)	96.79	336	88.32	1347
SC	92.09	139	72.68	1007
ST	89.64	57	67.71	362

• Get A Complete Guide on UGC NET Cut Off

Other Important Subjects For UGC NET Exam

UGC NET Commerce Exam Preparation Tips

We’ve put together some helpful tips to help you prepare for the UGC NET 2023 Commerce exam. Hope that these tips will assist you in achieving successful exam results.

• Examine the most recent exam trend and syllabus.
• Prepare a systematic timetable
• You can make a list of UGC NET Important dates and activities so that you can review them at the last minute.
• Make use of the best Commerce Books or Study Materials.
• Solve previous years’ UGC NET papers to learn the exact paper pattern, labeling weightage, and exam difficulty level.
• Check your answers with UGC NET Answer Keys and analyze your results after completing solving the papers.
• As far as possible, solve the NET Mock Test Paper. It will help to improve your exam pace and accuracy.

We have covered the detailed guide on UGC NET Commerce Exam 2023. Feel free to ask us any questions in the comment section below.

FAQs: UGC NET Commerce Exam 2023