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NTA (UGC) NET June-December 2021 Syllabus for Commerce

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NTA (UGC) NET Commerce Syllabus 2012

Code No. 08

Subject: Commerce


  • There will be two question papers, NTA (UGC) NET Commerce Paper II and Paper III.
  • Paper II will consist of 50 questions worth 2 mark each.
  • Paper III will consist of 75 questions worth 2 mark each.

NTA (UGC) NET Commerce Paper II and Paper III-A (Core Group)


Business Environment:

  • Meaning and Elements of Business Environment.
  • Economic environment, Economic Policies, Economic Planning.
  • Legal environment of Business in India, Competition policy, Consumer protection, Environment protection.
  • Policy Environment: Liberalization Privatisation and globalisation, Second generation reforms, Industrial policy and implementation. Industrial growth and structural changes.


Financial & Management Accounting:

  • Basic Accounting concepts, Capital and Revenue, Financial statements.
  • Partnership Accounts: Admission, Retirement, Death, Dissolution and Cash Distribution.
  • Advanced Company Accounts: Issue, forfeiture, Purchase of Business, Liquidation, Valuation of shares, Amalgamation, Absorption and Reconstruction, Holding Company Accounts.
  • Cost and Management Accounting: Ratio Analysis, Funds Flow Analysis, Cash Flow Analysis, Marginal costing and Break-even analysis, Standard costing, Budgetary control, Costing for decision-making Responsibility accounting.


Business Economics:

  • Nature and uses of Business Economics, Concept of Profit and Wealth maximization. Demand Analysis and Elasticity of Demand, Indifference Curve Analysis, Law.
  • Utility Analysis and Laws of Returns and Law of variable proportions.
  • Cost, Revenue, Price determination in different market situations: Perfect competition, Monopolistic competition, Monopoly, Price discrimination and Oligopoly, Pricing strategies.


Business Statistics & Data Processing:

  • Data types, Data collection and analysis, sampling, need, errors and methods of sampling, Normal distribution, Hypothesis testing, Analysis and Interpretation of Data.
  • Correlation and Regression, small sample tests: t-test, F-test and chi-square test.
  • Data processing: Elements, Data entry, Data processing and Computer applications.
  • Computer Application to Functional Areas: Accounting, Inventory control, Marketing.


Business Management:

  • Principles of Management.
  • Planning: Objectives, Strategies, Planning process, Decision-making.
  • Organising, Organisational structure, Formal and Informal organisations, Organisational culture.
  • Staffing
  • Leading: Motivation, Leadership, Committees, Communication.
  • Controlling Corporate Governance and Business Ethics.


Marketing Management:

  • The evolution of marketing, Concepts of marketing, Marketing mix, Marketing environment.
  • Consumer behaviour, Market segmentation.
  • Product decisions
  • Pricing decisions
  • Distribution decisions
  • Promotion decisions
  • Marketing planning, Organising and Control.


Financial Management:

  • Capital Structure, Financial and Operating leverage.
  • Cost of capital, Capital budgeting.
  • Working capital management
  • Dividend Policy


Human Resources Management:

  • Concepts, Role and Functions of Human Resource management.
  • Human Resource Planning, Recruitment and Selection.
  • Training and Development, Succession Planning.
  • Compensation: Wage and Salary Administration, Incentive and Fringe benefits, Morale and Productivity.
  • Performance Appraisal
  • Industrial Relations in India, Health, Safety, Welfare and Social security, Workers ′ Participation in Management.


Banking and Financial Institution:

  • Importance of Banking to Business, Types of Banks and Their Functions, Reserve Bank of India, NABARD and Rural Banking.
  • Banking Sector Reform in India, NPA, Capital adequacy norms.
  • E-banking
  • Development Banking: IDBI, IFCI, SFCs, UTI, SIDBI.


International Business:

  • Theoretical foundations of international business, Balance of Payments.
  • International liquidity, International Economic Institutions: IMF, World Bank IFC, IDA, ADB.
  • World Trade Organisation-its functions and policies.
  • Structure of India՚s foreign trade: Composition and direction, EXIM Bank, EXIM Policy of India, Regulation and promotion of Foreign Trade.

Paper-III-B (Elective or Optional)

Elective-I: Accounting and Finance

  • Accounting standards in India, Inflation Accounting, Human Resource Accounting, Responsibility Accounting, Social Accounting.
  • Money and Capital market, Working of stock exchanges in India, NSE, OTCEI, NASDAQ, Derivatives and Options.
  • Regulatory Authorities: SEBI, Rating Agencies; New Instruments; GDRs, AD ₹
  • Venture Capital Funds, Mergers and Acquisitions, Mutual Funds, Lease Financing, Factoring, Measurement of risk and returns securities and portfolios.
  • Computer Application in Accounting and Finance.

Elective-II: Marketing

  • Marketing Tasks, Concepts and Tools, Marketing Environment.
  • Consumer Behaviour and Market Segmentation.
  • Product decisions
  • Pricing decisions
  • Distribution decisions
  • Promotion decisions
  • Marketing Researchs
  • On-line marketing
  • Direct Marketing; Social, ethical and legal aspects of marketing in India.

Elective-III: Human Resource Management

  • Concept; Role and Functions of Human Resource Management.
  • Human Resource Planning, Job analysis, Job description and specifications, Use of Job analysis information, Recruitment and Selection.
  • Training and Development, Succession Planning.
  • Compensation: Wage and Salary administration, Incentives and Fringe benefits, Morale and Productivity.
  • Appraisal Performance
  • Industrial Relations in India, Health, Safety, Welfare and Social Security, Workers participation in Management.

Elective-IV: International Business

  • Foreign Direct Investment and Multinational Corporations-MNCs Culture, MNCs and LDCs, Joint Ventures.
  • Regional Economic Integration: SAARC, ASEAN, EC, NAFTA.
  • India and WTO, Intellectual Property Rights.
  • Foreign Exchange: Exchange rate, Mechanism, Risk management, Transfer of international payments, Convertibility of Rupee, Current and Capital Accounts; Issues and Perceptions, Derivatives and Futures.
  • Foreign investment Institutions; Instruments: GDRs, ADRs, FIIs-their role in Indian Capital Market.

Elective-V: Income-Tax Law and Tax Planning

  • Basic concepts, Residential status and tax incidence, exempted incomes, computation of taxable income under various heads.
  • Computation of taxable income of individuals and firms.
  • Deduction of tax, filing of returns, different types of assessment; Defaults and penalties.
  • Tax Planning: Concept, significance and problems of tax planning, Tax evasion and tax avoidance, methods of tax planning.
  • Tax considerations in specific business decisions, viz. make or buy; own or lease, retain or replace; export or domestic sales; shut-down or closure; expand or contract; invest or disinvest.
  • Computer Application in Income tax and Tax planning.

Frequently Asked Questions (FAQs)

  • I have done MBA and also M.Ed., so what subject for NET exam is best for me

    ( - sa...@ on )

    1 Answer

    You can either choose management or education as you have masters degree in both.

    - sa...@ on

  • I am master in commerce with the subject Accounting. I want to apply for UGC Net exam,so can I take economics subject?

    ( - pr...@ on )

    1 Answer

    You can apply with NET commerce

    - pr...@ on

  • hello sir nis there any entrance exam before appearing for NET and what are probable dates for admissions

    ( - ma...@ on )

    1 Answer

    NET is the entrance exam or eligibility for lecturership.

    - ma...@ on

  • i have completed master of commerce degree in the year 2016 and get 64%percentage in master's degree,i have to apply the UGC NET exam next year and i want to new syllabus for commerce.

    ( - ps...@ on )

    1 Answer

    This is the new syllabus, for preparation visit - https://www.doorsteptutor.com/Exams/UGC/Commerce/

    - ps...@ on

  • I completed my m.com with finance management so what is my main paper in net exam for commerce faculty

    ( - ra...@ on )

    1 Answer

    Yes you will appear in commerce subject.

    - ra...@ on

  • Sir I want to know that as there is many subject in commerce. So I have to choose one of my inerested subject and the paper 2 and three will be questioned from there.

    ( - 02...@ on )

    1 Answer

    No there is no electives and all questions are compulsory. You will have to prepare the complete syllabus.

    - 02...@ on

  • Respected Sir/Ma'am, Paper-III-B (Elective or Optional) in Commerce subject, do we have to select one subject from all the five subjects or questions from any of the five topics can come in the exam

    ( - vi...@ on )

    1 Answer

    No, you have to cover all fiver topics from elective. There is no elective or optional now.

    - vi...@ on

  • I want to do PHD in Finance. Is NET is an entrance exam for PHD? And what is an exam date for December 2017 NET exam for commerc?

    ( - b....@ on )

    1 Answer

    NET is not an entrance for PhD. NET is the eligibility for lecturership. You can appear for NET in subject of your masters.

    - b....@ on

  • what the mean about paper-3b(elective or optional) and how can prepare UGC NET, and difference between JRF AND NET . THANK YOUn

    ( - ku...@ on )

    1 Answer

    NET is eligibility for lecturership, JRF is fellowship for research (PhD), paper 3 b makes no sense after the paper pattern has changed to objective. You need to prepare the complete syllabus.

    - ku...@ on

  • I have done m.com in abst so i should go will net or ctet

    ( - kh...@ on )

    1 Answer

    NET is for college lecturer while CTET is for school lecturer, based on your interest you can apply for either.

    - kh...@ on

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