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UGC NET COMMERCE

On behalf of UGC, the Central Board of Secondary Education announces holding of the National Eligibility Test (NET).for determining the eligibility of Indian nationals for the Eligibility for Assistant Professor only or Junior Research Fellowship & Eligibility for Assistant Professor Both in Indian universities and colleges.

The candidates who qualify for the award of Junior Research Fellowship are eligible to pursue research in the subject of their post-graduation or in a related subject and are also eligible for Assistant Professor. The universities, institutions, IITs and other national organizations may select the JRF awardees for whole time research work in accordance with the procedure prescribed by them. The award of JRF and Eligibility for Assistant Professor both OR Eligibility for Assistant Professor only will depend on the performance of the candidate in all three papers of NET. However, the candidates qualifying exclusively for Assistant Professor will not be considered for award of JRF.

 

How to Prepare for CBSE (UGC) NET JRF

Paper-1 (General Paper On Teaching And Research Aptitude)

The ultimate aim of Paper-1 is to check the candidates interest as well as capabilities in Teaching and Research. Skills are required to understand the subject, reasoning, application of methodological reasoning  etc.. which are being analyzed by this paper. This paper includes the following: Teaching aptitude. Research aptitude.Reading Comprehension.Communication.Reasoning.Logical Reasoning.Data Interpretation.Information and communication Technology.People environment. Higher education System: Governance, Polity and Administration. Preparation for Paper I The syllabus is very huge. One needs to attain knowledge on every aspect in detailed manner. He or she has to refer all the subjects in a regular basis and in a most disciplined manner. Keep yourself updated regarding the current affairs, practicing to read and understand the questions well and finding the answers are to be adopted by the candidate. He has to do Mock test Practices frequently. Try to solve as many multiple choice questions as you can and also read the subjects from the basics is must. Refer Examrace CBSE (UGC) NET Paper I Series for complete coverage of material with practice MCQs Various books are available in the market, but only the standard books need to be followed.

Paper 2 & 3-

These are the papers which were preferred by the candidate as per Master's or PG Degree. He must be have some fundamental as well as advanced knowledge in them. Complete one chapter per week along with practicing model papers daily. With the help of mock tests you will become familiar with speed reading, understanding the subject etc and getting a click regarding the answers in your mind without wasting a single minute. Also you can analyse and learn your strong and weak points. As question paper will become more complex, one has to workout for this and not as per the regular annual exams but to the competitiveness of the exam. Revise the subjects as much as possible. Divide the time properly. Concentrate on those subjects where you are lacking. Must to Know for CBSE (UGC) -NET Exam Be determined: You need to pay more attention on your opted subject papers as there will be two papers based on the same. The syllabus for each subject is huge and hence you should start with crucial topics first followed by the least crucial topics. Also, you should not ignore the preparation of Paper I (Teaching and Research Aptitude) which together with Paper II will play a significant role in fetching minimum required marks for evaluation of Paper III.

 Prepare Time Table: The best way to kick start your preparation for examination is preparing a time table and then sticking to it throughout the preparation tenure. Meticulous study is the correct approach that can help you resolve all your doubts and attain lucid perception of various theories, concepts and their uses regarding the syllabus. Study Systematically and Selectively: Make sure you are very systematic in your approach as it will help you to finish your topic as per the time table you had created. You can start with selecting a topic and then decide on the number of days and hours required to complete it. Since only one month is left for the examination, it is advisable that you do selective study starting with crucial topics followed by knowing the basic of least crucial ones. Give mock Tests: Manage your time well as it will help you in solving answers in the time allotted in the examination hall. Hence solve as many practice papers and previous year question papers as you can keeping in mind the time limit. Mock papers will help you to locate your weak areas that need revision and help you enhance speed in solving the paper. Take Rest: Eating healthy and sleeping well along with study is also one of the mantras for keeping your mind fresh and improving concentration power to grasp concepts. Try to sleep at fixed time and for at least 7 to 8 hours a day during your preparation. Thoroughly study the syllabus and understand which sections need more work. Remember you must prepare all sections. Prepare critical subsections for each and every topic for all the subjects. Maintain and set a time limit and note how fast you can finish a question. Enhance your speed as well as thought process gradually by practice.

 

 

SYLLABUS OF UGC NET COMMERCE-

There will be two question papers, UGC NET Commerce Paper II and Paper III ( Part – A & B ). UGC NET Commerce Paper II will cover 50 Objective Type Questions ( Multiple choice, Matching Type, True / False, Assertion – Reasoning type ) carrying 100 marks.

UGC NET Commerce Paper III will have two Parts – A and B; Paper III (A) will have 10 short essay type questions ( 300 words ) carrying 16 marks each. In it there will be one question with internal choice from each unit ( i.e., 10 questions from 10 units; Total marks will be 160 ).

UGC NET Commerce Paper III (B) will be compulsory and there will be one question from each of the Electives. The candidate will attempt only one question ( one elective only in 800 words ) carrying 40 marks. Total marks of UGC NET Commerce Paper III will be 200.

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

 

 

Unit – I :

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.

Unit – II :

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.

Unit – III : 

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.

Unit-IV :

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.

Unit – V :

Business Management :

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

Unit – VI :

Marketing Management :

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

Unit – VII :

Financial Management :

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

Unit – VIII :

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.

Unit – IX :

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.

Unit – X :

International Business :

  • Theoretical foundations of international business, Balance of Payments.
  • International liquidity, International Economic Institutions : IMF, World Bank IFC, IDA, ADB.
  • World Trade Organization-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 / 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, ADRs.
  • 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 Behavior and Market Segmentation.
  • Product decisions
  • Pricing decisions
  • Distribution decisions
  • Promotion decisions
  • Marketing Researches
  • 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.