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COMMERCE 2021 STUDY MATERIAL

  • 1STUDY MATERIAL PLAN (UNIT 1- UNIT 10)
  • PAPER 1 STUDY MATERIAL.

The Material Plan by OSN Academy came up with an attractive offer of providing specially designed study materials for each and every unit of UGC NET COMMERCE. We provide you with individual study material for every unit (Unit 1 to Unit 10) plus a simplified study material for Paper 1. A total of 11 Study Material Notes comes in this package.

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Syllabus

UGC NET 2021 Commerce Syllabus

Unit 1: Business Environment and International Business

S. NoBusiness Environment and International Business Chapters
1Concepts and elements of business environment: Economic environment- Economicsystems, 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)
2Scope and importance of international business; Globalization and its drivers; Modes of entry into international business
3Theories of International Trade; Government intervention in international trade; Tariff and non-tariff barriers; India’s foreign trade policy
4Foreign direct investment (FDI) and Foreign portfolio investment (FPI); Types ofFDI, Costs and benefits of FDI to home and host countries; Trends in FDI; India’sFDI policy
5Balance of payments (BOP): Importance and components of BOP
6Regional Economic Integration: Levels of Regional Economic Integration; Tradecreation and diversion effects; Regional Trade Agreements: European Union (EU),ASEAN, SAARC, NAFTA
7International Economic institutions: IMF, World Bank, UNCTAD
8World Trade Organisation (WTO): Functions and objectives of WTO; AgricultureAgreement; GATS; TRIPS; TRIMS

Unit 2: Accounting and Auditing

S. NoAccounting and Auditing Chapters
1Basic accounting principles; concepts and postulates
2Partnership Accounts: Admission, Retirement, Death, Dissolution and Insolvency ofpartnership firms
3Corporate Accounting: Issue, forfeiture and reissue of shares; Liquidation of companies; Acquisition, merger, amalgamation and reconstruction of companies
4Holding company accounts
5Cost 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
6Financial Statements Analysis: Ratio analysis; Funds flow Analysis; Cash flow analysis
7Human Resources Accounting; Inflation Accounting; Environmental Accounting
8Indian Accounting Standards and IFRS
9Auditing: Independent financial audit; Vouching; Verification ad valuation of assetsand liabilities; Audit of financial statements and audit report; Cost audit
10Recent Trends in Auditing: Management audit; Energy audit; Environment audit;Systems audit; Safety audit

Unit 3: Business Economics

S. NoBusiness Economics Chapters
1Meaning and scope of business economics
2Objectives of business firms
3Demand analysis: Law of demand; Elasticity of demand and its measurement;Relationship between AR and MR
4Consumer behavior: Utility analysis; Indifference curve analysis
5Law of Variable Proportions: Law of Returns to Scale
6Theory of cost: Short-run and long-run cost curves
7Price determination under different market forms: Perfect competition; Monopolistic competition; Oligopoly- Price leadership model; Monopoly; Price discrimination
8Pricing strategies: Price skimming; Price penetration; Peak load pricing

Unit 4: Business Finance

S. NoBusiness Finance Chapters
1Scope and sources of finance; Lease financing
2Cost of capital and time value of money
3Capital structure
4Capital budgeting decisions: Conventional and scientific techniques of capitalbudgeting analysis
5Working capital management; Dividend decision: Theories and policies
6Risk and return analysis; Asset securitization
7International monetary system
8Foreign exchange market; Exchange rate risk and hedging techniques
9International financial markets and instruments: Euro currency; GDRs; ADRs
10International arbitrage; Multinational capital budgeting

Unit 5: Business Statistics and Research Methods

S. NoBusiness Statistics and Research Methods Chapters
1Measures of central tendency
2Measures of dispersion
3Measures of skewness
4Correlation and regression of two variables
5Probability: Approaches to probability; Bayes’ theorem
6Probability distributions: Binomial, poisson and normal distributions
7Research: Concept and types; Research designs
8Data: Collection and classification of data
9Sampling and estimation: Concepts; Methods of sampling – probability and nonprobability methods; Sampling distribution; Central limit theorem; Standard error; Statistical estimation
10Hypothesis testing: z-test; t-test; ANOVA; Chi–square test; Mann-Whitney test (Utest); Kruskal-Wallis test (H-test); Rank correlation test
11Report writing

Unit 6: Business Management and Human Resource Management Methods

S. NoBusiness Management and Human Resource Management Chapters
1Principles and functions of management
2Organization structure: Formal and informal organizations; Span of control
3Responsibility and authority: Delegation of authority and decentralization
4Motivation and leadership: Concept and theories
5Corporate governance and business ethics
6Human resource management: Concept, role and functions of HRM; Human resource planning; Recruitment and selection; Training and development; Succession planning
7Compensation management: Job evaluation; Incentives and fringe benefits
8Performance appraisal including 360-degree performance appraisal
9Collective bargaining and workers’ participation in management
10Personality: Perception; Attitudes; Emotions; Group dynamics; Power and politics;Conflict and negotiation; Stress management
11Organizational Culture: Organizational development and organizational change

Unit 7: Banking and Financial Institutions

S. NoBanking and Financial Institutions Chapters
1Overview of Indian financial system
2Types of banks: Commercial banks; Regional Rural Banks (RRBs); Foreign banks; Cooperative banks
3Reserve Bank of India: Functions; Role and monetary policy management
4Banking sector reforms in India: Basel norms; Risk management; NPA management
5Financial markets: Money market; Capital market; Government securities market
6Financial Institutions: Development Finance Institutions (DFIs); Non-BankingFinancial Companies (NBFCs); Mutual Funds; Pension Funds
7Financial Regulators in India
8Financial sector reforms including financial inclusion
9Digitisation of banking and other financial services: Internet banking; mobile banking; Digital payments systems
10Insurance: Types of insurance- Life and Non-life insurance; Risk classification andmanagement; Factors limiting the insurability of risk; Re-insurance; Regulatoryframework of insurance- IRDA and its role

Unit 8: Marketing Management

S. NoMarketing Management Chapters
1Marketing: Concept and approaches; Marketing channels; Marketing mix; Strategicmarketing planning; Market segmentation, targeting and positioning
2Product decisions: Concept; Product line; Product mix decisions; Product life cycle;New product development
3Pricing decisions: Factors affecting price determination; Pricing policies andstrategies
4Promotion decisions: Role of promotion in marketing; Promotion methods -Advertising; Personal selling; Publicity; Sales promotion tools and techniques;Promotion mix
5Distribution decisions: Channels of distribution; Channel management
6Consumer Behaviour; Consumer buying process; factors influencing consumerbuying decisions
7Service marketing
8Trends in marketing: Social marketing; Online marketing; Green marketing; Directmarketing; Rural marketing; CRM
9Logistics management

Unit 9: Legal Aspects of Business

S. NoLegal Aspects of Business Chapters
1Indian Contract Act, 1872: Elements of a valid contract; Capacity of parties; Freeconsent; Discharge of a contract; Breach of contract and remedies against breach;Quasi contracts;
2Special contracts: Contracts of indemnity and guarantee; contracts of bailment andpledge; Contracts of agency
3Sale of Goods Act, 1930: Sale and agreement to sell; Doctrine of Caveat Emptor; Rights of unpaid seller and rights of buyer
4Negotiable Instruments Act, 1881: Types of negotiable instruments; Negotiation andassignment; Dishonour and discharge of negotiable instruments
5The Companies Act, 2013: Nature and kinds of companies; Company formation;Management, meetings and winding up of a joint stock company
6Limited Liability Partnership: Structure and procedure of formation of LLP in India
7The Competition Act, 2002: Objectives and main provisions
8The Information Technology Act, 2000: Objectives and main provisions; Cybercrimes and penalties
9The RTI Act, 2005: Objectives and main provisions
10Intellectual Property Rights (IPRs): Patents, trademarks and copyrights; Emergingissues in intellectual property
11Goods 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

S. NoIncome-tax and Corporate Tax Planning Chapters
1Income-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
2International Taxation: Double taxation and its avoidance mechanism; Transferpricing
3Corporate 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 anasset; Retain; Renewal or replacement of asset; Shut down or continue operations
4Deduction and collection of tax at source; Advance payment of tax; E-filing ofincome-tax returns.

Study Material Sample

Unit-1 Business Environment & International Business – Click here for sample

Unit-2 Financial & Management Accounting  – Click here for sample

Unit-3 Business Economics  – Click here for sample

Unit-4 Business Finance  – Click here for sample

Unit-5 Business Statistics & Research Methods  – Click here for sample

Unit-6 Business Management & Human Resource Management  – Click here for sample

Unit-7 Banking & Financial Institution – Click here for sample

Unit-8 Marketing Management  – Click here for sample

Unit-9 Legal Aspects of Business – Click here for sample

Unit-10 Income Tax & Corporate Tax Planning  – Click here for sample


Exam Pattern

Exam Pattern

NTA UGC NET 2021 Exam Pattern
SessionPaperNumber of Questions (All are compulsory)MarksDuration
Single (No break between Paper 1 & Paper 2)I501003 Hours
II100200
Total 150300

Previous Years Papers

UGC NET Commerce Previous Year Papers with Answer Key

https://osnacademy.com/doc/Commerce Paper-II.pdf