- Check Important Topics Here

Cyril Titus Zachariah

Updated On: August 21, 2024 01:33 PM | UGC NET

The UGC NET 2024 Syllabus for Commerce consists of two papers: Paper A, shared among all subjects, and Paper B, dedicated to Commerce topics. Find all the topics UGC NET 2024 Commerce Syllabus in the sections below.

UGC NET Commerce Syllabus and Important Topics

Candidates appearing for the UGC NET 2024 exam should download the UGC NET 2024 Syllabus for Commerce to prepare for all potential exam topics. The UGC NET Commerce syllabus includes two papers: Paper A, which is common to all subjects, and Paper B, which contains questions specific to Commerce topics.
The UGC NET exam 2024 is being held between August 21 to September 4, 2024, which was originally scheduled for June 18, 2024. The UGC NET exam is conducted to recruit candidates for positions such as Assistant Professor and Junior Research Fellow. This national-level examination, under the University Grants Commission, determines candidates' eligibility for prestigious posts in India.

Many aspiring to advance their career opportunities in Commerce through research or lectureship choose to appear for UGC NET, especially commerce graduates who have completed postgraduate courses. The field offers vast and lucrative career prospects. To succeed in the exam, aspirants should prepare according to the UGC NET 2024 syllabus for Commerce.

Also Read:

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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

  • Paper 1 General questions
  • Paper 2 Commerce questions

Duration of the paper

3 hours

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

Check out some of the major topics that will be coming in this unit from the table provided below:

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

Check out some of the major topics that will be coming in this unit from the table provided below:

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

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

  • 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

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

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
  • Organisational Culture, Change, and Development
  • Collective Bargaining
  • Participation of Workers in Management
  • Personality -
  • Perception, Attitudes, Conflict, Emotions, Group Dynamics, Negotiation and Stress Management, and Power and Politics

Unit 7: Banking and Financial Institutions

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

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

Check out some of the major topics that will be coming in this unit from the table provided below:

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
  • Logistics Management
  • Marketing Trends -
  • Social, Online, Green, Direct, and Rural Marketing

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

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

  • 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. 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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FAQs

What are some important books to cover all of the UGC NET Syllabus for Commerce?

If you want to cover some important topics inside the UGC NET syllabus for Commerce then you can check out Sumathi Verma's book for Business Environment And International Business.

What are some important topics for the UGC NET syllabus for Commerce?

Some important topics for the UGC NET syllabus for Commerce are Business Environment, Accounting, Business Economics, and Marketing Management.

How can I prepare for the UGC NET syllabus for Commerce?

The candidates can prepare the UGC NET syllabus for Commerce by taking into account a perfect study plan that is considered achievable.

What are the topics included in the UGC NET syllabus for Commerce?

There are topics related to Business and Management included in the UGC NET syllabus for Commerce.

How can I download the UGC NET syllabus for Commerce?

The candidates can download the UGC NET syllabus for Commerce by visiting the official website of NTA and clicking on the activated link for the syllabus.

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