UGC Net Commerce Preparation Tips Boost Your Studies with These Tips Now

image
JRFAdda
image

Recently, the National Testing Agency (NTA) has released a UGC NET December 2023 Notification on 30th September 2023. NTA conducts the UGC NET exam twice (June and December) in a year, to determine eligibility for Assistant Professorships and Junior Research Fellowships (JRF). The UGC NET 2023 exam to be scheduled from 6th and 22nd December 2023, as time is running, aspirants also working hard with the double speed to get their goal. Every aspirant has their preparation tips and strategy to boost their study to get closer of their goal. In this article we will share UGC NET Commerce preparation tips to boost studies with these tips now.

To get the tips, firstly an aspirant must know about the UGC NET 2023 Exam pattern. With the following table we will summarize the UGC NET 2023 Exam.

UGC NET 2023: Exam Summary

UGC NET 2023 Exam Summary

Conducting by

National Testing Agency (NTA)

Exam Name

UGC NET December 2023

Exam Level

National

Exam Frequency

Twice a year

Mode of Exam

Online CBT (Computer-Based Test)

UGC NET Registration Dates

30th September to 31st October 2023

Exam Duration

180 minutes

Exam Time

Paper 1 (Shift 1)- 9 am to 12 noon
Paper 2 (Shift 2)- 3 pm to 6 pm

Language

Bilingual (English and Hindi)

No. of Subjects

83 subjects

Official Website

https://ugcnet.nta.nic.in/

UGC NET 2023: Paper 1 and Paper 2

As we know that the UGC NET 2023 will be held in two papers i.e. Paper 1 and Paper 2 without any break. Paper 1 is based is common paper on teaching and research aptitude, while Paper 2 is a multiple choice questions (MCQs), based on specific subject, selected by an aspirant. Commerce is one of the subject topic for Paper 2. Those students who opted for Commerce can check the UGC NET Commerce Syllabus to check the important topics for the exam.

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

In the below table, an aspirant can find UGC NET Commerce Syllabus in detail.

UGC NET Commerce Syllabus for Paper 2

Unit 1

Business Environment and International Business

  • Concept and elements of the business environment.
  • The political environment, the role of govt. in business.
  • Importance of International Business & Theories of International Trade.
  • India’s Foreign Trade Policy.
  • Economic environment and Economic systems.

Unit 2

Accounting and Auditing

  • Basic accounting principles; concepts and postulates.
  • Partnership account.
  • Corporate accounting, issue of shares, liquidation, etc.
  • Acquisition, merger and amalgamation, and reconstruction of companies, holding company accounts.
  • Financial statement analysis; ratio analysis; fund flow statement, cash flow statement.

Unit 3

Business Economics

  • Demand analysis; Law of demand & elasticity.
  • Consumer behaviour; utility analysis, Indifference curve analysis.
  • Law of variable proportions; Law of return to scale.
  • Price determination under different market forms.
  • Perfect competition; Monopolistic Competition, Oligopoly, and Monopoly.

Unit 4

Business Finance

  • Scope and source of finance; Lease financing.
  • Demand analysis; Law of demand & elasticity.
  • Cost of capital and time value of money.
  • Working capital management; dividend decision: theories and policies.
  • Capital structure & Capital budgeting decisions.

Unit 5

Business Statistics and Research Methods

  • The measure of central tendency.
  • Measures of dispersion.
  • Correlation and regression of two variables.
  • Hypothesis testing along with different tests; z-test, t-test, ANOVA, chi-square test.
  • Research: concept and types; research designs.

Unit 6

Business Management and Human Resource Management

  • Motivation and leadership: concept and theories.
  • Principles and functions of management.
  • Human resource management: concept, role, and functions.
  • Compensation management: job evaluation, incentive & performance appraisal.
  • Organizational culture: Organizational development and Organizational change.

Unit 7

Banking and Financial Institutions

  • Banking sector reforms in India.
  • Reserve Bank of India: functions & role.
  • Internet banking: mobile banking: Digital payments systems.
  • Types of banks: Commercial banks, RRBs; Foreign banks; Corporative banks.
  • Financial institutions, NBFCs, Mutual Funds & Pension Funds.

Unit 8

Marketing Management

  • Distribution decisions: Channels of distribution: channel management.
  • Product decisions: Product life cycle and New Product Development.
  • Financial markets: Money market; Capital market.
  • Marketing: concept and approaches.
  • Logistics management.

Unit 9

Legal Aspects of Business

  • Indian Contract Act, 1872.
  • Financial markets: Money market; Capital market.
  • Companies Act, 2013.
  • Information Technology Act, 2000.
  • RTI Act, 2005.

Unit 10

Income-tax and Corporate Tax Planning

  • Basic concepts; Residential status and tax incidence.
  • Financial markets: Money market; Capital market.
  • Computation of taxable income under various heads.
  • International Taxation: Double taxation and its avoidance mechanism; transfer pricing.
  • Tax considerations in specific business situations: make or buy decisions; own or lease an asset, etc.

UGC NET Commerce Preparation Tips

With the following UGC NET Commerce Preparation Tips, an aspirant can will be able to cover all of the necessary material in an effective and efficient manner. These tips would improve the chances of success on the exam and make the preparation process stress-free. An aspirant can find some tips for preparation for the UGC NET commerce exam below.

1. Aware with the exam pattern

Whenever, you are preparing to the exam, you must follow the changes in the pattern, as NTA frequently changing the exam pattern UGC NET just to make an exam with full of surprises.So this is very important to know the pattern, number, and weight age of questions.

2. Create study plan

As aspirant, you are already working on the study plan, and preparing or prepared your time table to cover all the topics for UGC NET Commerce syllabus Paper 2. As it is very important to have a fix time for each and every topic, so that you can learn and revise with in a time limit.

3. Practice with Previous Year Papers

Practice with the previous year papers is really important, it will help you to make more aware about the pattern of the exam and also help to make focus on their studies on the relevant topics. This also provide an idea of the format and types of questions, which are likely to be asked in the actual exam.

FAQ:

1. What is the syllabus of UGC NET Commerce?

Ans: Business Environment and International Business, Accounting and Auditing, Business Economics, Business Finance, Business Statistics and Research Methods, Business Management and Human Resource Management, Banking and Financial Institutions, Marketing Management, Legal Aspects of Business, and  Income-tax and Corporate Tax Planning

2. On which date the NTA conducts the UGC NET exam 2023?

Ans: 6th and 22nd December 2023

3. Is there any break between the UGC NET Paper 1 and Paper 2?

Ans: No, there is no break between the UGC NET Paper 1 and Paper 2.

 

Related Articles

image

Mastering UGC NET Paper 1: Expert Strategies for Success in NTA UGC NET 2024

Are you an aspiring academic gearing up for the NTA UGC NET 2024 exam and seeking effective strateg...

image
JRFAdda
image

Crack the UGC NET in 4 Months: A Detailed Roadmap to Success By JRFADDA

Are you dreaming of securing a JRF in the UGC NET exam but are worried about the tight 4-month window? Don't fret! While it demands dedicati...

image
JRFAdda
image

Most Important Questions for UGC NET

1. IP datagram has arrived with following partial information in the header (in hexadecimal)

4500005400030000...

image
JRFAdda