UGC NET Syllabus 2023 Commerce | Commerce syllabus for UGC NET 2023

Every student who gets an education has the desire to get a job in a higher position. Every student keeps in their mind the desire to get a golden opportunity to become a professor in the field of education.  

In the field of education, the post of professor is a high post and also a respectable post. College teaching professors become college professors after passing the NET exam.  

To become a college professor, it is mandatory to clear the NET exam. Nowadays I will tell you what the NET exam is. What is the Syllabus of UGC NET Syllabus 2023 Commerce?  

And all such information that you should know related to the net, then let’s start this article and know all the information related to the net in detail.

UGC NET Syllabus 2023 Commerce
UGC NET Syllabus 2023 Commerce

What is NET Exam ?

NET stands for National Eligibility Test.  UGC NET is a national-level eligibility test required to become a professor.  Through this examination, the posts of lecturer and college professor are appointed in the college.

The NET exam is organized by the National Testing Agency, this exam is a computer-based online test. I would like to tell the candidates participating in the exam, this exam is organized twice every year by the government.

It is very important to qualify for the NET exam for a teacher teaching as a professor in all government and private colleges.  

Without qualifying for the NET exam, you cannot teach as a professor in the college. The NET exam which allows you to teach as a professor of education in college and university.  

This exam is conducted online by the government. Every year 1000 candidates pass this exam organized by the government every year and they get a chance to work in the post of professor.

UGC NET Commerce Exam Overview 2023

Name of the ExamNational Eligibility Test (NET)
Conducting BodyNational Testing Agency (NTA)
Frequency of the ExamTwice a Year
Mode of ExaminationOnline
Type of QuestionsMultiple Choice Questions (MCQs)
Number of PapersPaper I
Paper II
Number of Questions150 MCQs
Time Duration3 hours (180 min)
Negative MarkingNo
Exam Date1 to 10 June

UGC NET 2023 Commerce Exam Pattern

Candidates who are appearing or have appeared in the NET exam for College Professor. It is very important for those students to know what the exam pattern is.

If you are preparing for the UGC NET exam from a commerce subject and are about to appear, then you must know that there are a total of 2 papers in the NET exam.

ParticularsUGC NET Paper 1 UGC NET Paper 2
Exam modeOnlineOnline
Exam duration3 hours
Type of paperCommon for all candidatesSubject-specific questions
Total questions50100
Type of questionsMCQs, 4 options with only 1 correct optionMCQs, 4 options with only 1 correct option
Total marks100200
Marking scheme+2 for correct answer0 for incorrect answer+2 for correct answer0 for incorrect answer
Language of paperEnglish and HindiEnglish and Hindi

The first paper is of 50 marks, in which each question is of two marks. In this case the total marks are 100.

The second paper is of two papers and it is of 200 marks. You are given 3 hours to solve both the papers i.e. in total you give the exam of both the papers for 300 marks.

UGC NET Syllabus 2023 Commerce (Commerce syllabus for UGC NET 2023)

The UGC NET 2023 exam is conducted for a total of 83 subjects, of which, Commerce is also a choice for the candidates. 

Candidates who did their post-graduation in Commerce subject can choose the same for the NTA UGC NET 2023. Candidates who want to choose the Commerce subject for UGC NET Paper 2 need to select ‘Subject Code 08’.

The UGC NET 2023 syllabus for the Commerce subject is divided into ten units. The units of the UGC NET Commerce syllabus are as follows:-

  • 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: Income-tax and Corporate Tax Planning

Let’s have a look at the detailed unit-wise UGC NET 2023 Syllabus for Commerce below:-

Units NameSubject /Topics
Unit 1: Business Environment and International BusinessConcepts and Elements of Business Environment: Economic environment- Economic systems, Economic 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 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 AuditingBasic 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 EconomicsMeaning 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 FinanceScope 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 MethodsMeasures of central tendency
Measures of dispersion
Measures of skewness
Correlation and regression of two variables
: 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 nonprobability 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 ManagementPrinciples 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 InstitutionsOverview of 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 the framework of insurance- IRDA and its role.
Unit 8: Marketing ManagementMarketing: 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 BusinessIndian 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 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; Cyber crimes 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: Income-tax and Corporate Tax PlanningIncome-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 Syllabus 2023 English PDF Download


In today’s article, you learned about UGC NET Syllabus 2023 Commerce.  Also what is your net? Got information on this topic as well. I hope that you have got information in this regard by reading today’s article.

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