UGC NET Commerce Coaching: Online classes, Syllabus and Previous Year questions

Table of Contents

UGC NET Commerce Online Coaching

UGC NET Commerce Syllabus

UGC NET Commerce Previous Questions

Overview

Clearing UGC NET is a life changing event for millions. And millions are participating each of its editions in June and December in the hope of cracking one of the toughest examinations in the country. In order to clear the UGC NET Commerce in your next chance, you will need a perfect strategy for preparation and the best knowledge about the detailed syllabus. Take a look at the best online method to learn, the detailed syllabus and previous year questions in this article. Join the leading UGC NET Coaching platform in Kerala to make your dream come true.

UGC NET Commerce Online Coaching

UGC NET is one of the most important and crucial exams for candidates who are aiming for research fellowship and / or assistant professor career. The National Eligibility Test conducted by NTA under the purview of University Grands Commission is one of the exams with least pass percentage. With high cut-off mark, standard of questions and vastness of syllabus, cracking UGC NET Commerce is often a difficult task for majority of students. Many of the students who have recently completed post-graduation or attempting the exam years after might find it challenging to prepare alone. Many candidates might have been working part-time or full time will find the timings of offline coaching centres a challenge. In this case the best resort for candidates is the reliable online coaching classes such as Competitive Cracker. With the best instruments of instruction in a solid online platform Competitive Cracker has the leading result for NET exams in Kerala. The excellent faculty line-up for UGC NET Commerce assures the candidates top notch sessions in live and recorded formats. The insightful analysis of UGC NET previous year questions in Competitive Cracker alone can be help the candidates to crack one of the toughest certifying exams in the country.

In this year-long preparation for UGC NET each candidate will be assisted by a mentor, who is continuously inspiring and motivating them throughout the course period. You can ask your doubts through our app and get it cleared with perfect explanation. The group activities we initiate through the official groups in WhatsApp and Telegram can be proved to be the best exercises to keep your preparation lively and active. For this the mentors and faculties initiate brain refreshing quiz, polls and mock tests.

UGC NET Commerce Syllabus

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 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 (Utest); 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
Digitisation 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 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 Previous Questions

The Directorate General of Foreign Trade (DGFT) facilitates and promotes foreign trade in India and also implements the foreign trade policy of India. Which of the following union ministry governs the DGFT??
1. Ministry of Commerce and Industry
2. Ministry of Science and Technology
3. Ministry of Finance
4. Ministry of External Affairs
A and B are equal partners, when partnership is dissolved, their capital are Rs. 40,000 and Rs.50,000 respectively. After all assets are sold and liabilities paid, there is a cash balance of Rs. 80,000. What is the amount of profit or loss on realization?
1. 10,000 (Profit)
2. 20,000 (Profit)
3. 30,000 (Profit)
4. 10,000 (Loss)
Which of the following form of market organization is the most prevalent in the manufacturing sector?
1. Perfect Competition
2. Monopolistic Competition
3. Oligopoly
4. Duopoly
In case of two variables, the estimated regression equation is Ẏ = 60 + 5x. the total sum of squares is 15730 and sum of square due to error is 1530. The estimated regression line based on this information is a _______
1. Poorest fit
2. Moderate fit
3. Good fit
4. Best fit
A point estimator is said to be consistent when ______
1. It has smaller standard error
2. Its expected value is equal to the population parameter
3. It tend to become closer to the population parameter as the sample size become larger.
4. It is based on all available information
Which one of the following values is not a part of OCTAPACE framework?
1. Openness
2. Extension
3. Proactivity
4. Autonomy
Mutual Funds in India are regulated by:
1. Unit Trust of India
2. Department for Promotion of Industries and Internal trade
3. The Securities and Exchange Board of India
4. Department of financial Services
An attacking strategy which involves introducing new products or technologies that rewrite the rules of competition in the market and avoid direct conflict with a rival is known as _____
1. Flanking
2. Bypass
3. Encirclement
4. Guerrilla
When the income of a minor child is clubbed with income of mother or father, how much the deduction will be allowed to mother or father?
1. Rs. 1500
2. Rs. 2000
3. Actual income clubbed with the income of mother or father, whichever is less
4. No deduction
Which of the following cause demand of a product to increase?

An increase in consumer’s income
An increase in the prices of substitutes
An increase in the price of complements
An increase in the number of substitutes
An increased taste for the commodity

Choose the correct answer from the options given below

1. I, II, and III only
2. III, IV and V only
3. II, IV and V only
4. I, II and V only

Answer Key
Q. No.	Ans. Code
1	a
2	d
3	c
4	c
5	c
6	b
7	c
8	b
9	a
10	d

Get the complete question and answer key analysis of UGC NET Commerce and insightful explanations at Competitive Cracker.

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