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.
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
| Particulars | Details |
| Name of the Exam | National Eligibility Test (NET) |
| Conducting Body | National Testing Agency (NTA) |
| Frequency of the Exam | Twice a Year |
| Mode of Examination | Online |
| Type of Questions | Multiple Choice Questions (MCQs) |
| Number of Papers | Paper I Paper II |
| Number of Questions | 150 MCQs |
| Time Duration | 3 hours (180 min) |
| Negative Marking | No |
| Official Website | ugcnet.nta.ni |
| Topic | Syllabus |
| Exam Date | 1 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.
| Particulars | UGC NET Paper 1 | UGC NET Paper 2 |
|---|---|---|
| Exam mode | Online | Online |
| Exam duration | 3 hours | |
| Type of paper | Common for all candidates | Subject-specific questions |
| Total questions | 50 | 100 |
| Type of questions | MCQs, 4 options with only 1 correct option | MCQs, 4 options with only 1 correct option |
| Total marks | 100 | 200 |
| Marking scheme | +2 for correct answer0 for incorrect answer | +2 for correct answer0 for incorrect answer |
| Language of paper | English and Hindi | English 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 Name | Subject /Topics |
| Unit 1: Business Environment and International Business | Concepts 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 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 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 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 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 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 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 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 Syllabus 2023 English PDF Download
Conclusion
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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