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UGC NET Commerce Preparation


UGC NET Commerce Preparation

The University Grants Commission National Eligibility Test (UGC NET) is one of the toughest exams that test the comprehensive understanding of candidates in their post graduation discipline.

The exam is held online twice yearly to determine eligibility for assistant professor roles and award junior research fellowships in Indian universities and colleges.

Commerce is one of the most popular choices in UGC NET, with thousands of candidates appearing across different specializations. However, the challenge lies in preparing effectively over a few months amidst other commitments. This is where many candidates need to improve despite having the requisite qualifications and knowledge.

This article presents a definitive, step-by-step guide to preparing for the UGC NET Commerce exam in the most efficient manner.

Getting Started – Key Aspects to Note

First and foremost, understand the UGC NET Commerce exam structure thoroughly. The key aspects are:

Exam Pattern: The exam consists of two papers. Paper 1 tests are teaching & general aptitude, comprising 50 objective-type questions. Paper 2 tests subject proficiency through 100 MCQs.

Syllabus: There are five major units, namely Accounting & Auditing, Business Management, Business Economics & Quantitative Methods, Mercantile Law & Related Laws and General Topics.

Negative Marking: A 1/3 mark is deducted for every wrong answer. Unattempted questions carry zero marks.

This understanding will help structure your preparation accordingly.

Join NTA UGC JRF NET Commerce Coaching at Mantram Study Group, Chandigarh.

For Best UGC NET Commerce Coaching in India, contact us at Mantram Study Group, SCO No. 80-81, First Floor, Sector 15-D, Chandigarh (Near Gate No. 2, Panjab University Chandigarh – Contact – 9779797575/ 9463049859)

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Babita UGC NET CommerceMy experience at Mantram Study Group while preparing for my JRF in Commerce was genuinely transformative. The faculty, with their expertise and dynamic approach, simplified complex accounting concepts, making them more accessible. They were always available to address any questions and provided feedback that was crucial for my learning. Their dedication to fostering student success is apparent, and I wholeheartedly recommend their IIT Jam Entrance Coaching to prospective students.

Meena Kumari UGC NET CommerceI am deeply appreciative of the time spent in Mantram Study Group’s classes. The precision and efficiency of their teaching methods significantly enhanced my understanding of the core concepts. The provision of online courses, recorded lectures, comprehensive notes, and worksheets enriched my learning experience. The instructors were not only knowledgeable but also courteous and supportive, encouraging interactive learning.

Akanksha UGC NET CommerceThe educators at Mantram Study Group are exceptionally qualified and committed to student excellence. They thoroughly addressed my queries related to the Commerce JRF, offering personalized attention that made the learning process both engaging and effective. Their innovative teaching strategies are praiseworthy, making them a top recommendation for anyone in this field.

Renu UGC NET CommerceSelecting the Mantram Study Group was a pivotal decision in my educational path. Their impeccable teaching style and the clarity they bring to the subject matter were instrumental in my academic achievements. I am grateful for their continuous motivation and support, and I found their study materials and recorded lectures immensely beneficial for my exam preparations.

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UGC NET Commerce Preparation Tips

Chart a Timeline

Start your UGC NET Commerce preparation 6-12 months before the exam. Include all key tasks in your schedule – concept revision, solving previous years’ papers, mock tests, reviewing gaps, and improvement areas.

Having a defined timeline will help you stay on track without feeling overwhelmed. Devote 2 hours daily and 6-8 hours over weekends for steady progress.

Refer to Model Study Plans

To optimize your effort, follow proven and effective study plans designed by experts. For instance, a 12 Week Model Study Plan would advise:

Week 1-2: Thorough syllabus revision
Week 3-5: In-depth concept clarity on every topic/chapter
Week 6-8: Solving previous ten years’ question papers
Week 9-11: Weekly mock tests + analysis
Week 12: Revision, doubt clearing, and final assessment

Likewise, balance your preparation efforts across syllabus coverage, concept clarity, problem-solving, and mock test practice.

Learn from the Best – Join a Good Coaching Institute

Attempting the UGC NET Commerce exam on your own can be quite challenging. Enroll with a reputed coaching institute to benefit from their structured guidance comprising:

  • Specialized and experienced Commerce faculty
  • Systematic study plans and comprehensive study material
  • Doubt resolution and problem-solving exercises
  • Weekly/monthly tests and performance analysis
  • Tips and tricks to improve speed, accuracy, and scoring ability
  • This Handholding will fast-track your learning curve significantly.

Key Syllabus Areas to Master

While the entire syllabus needs careful attention, extra focus must be given to the following areas that have appeared frequently in previous UGC NET papers:

Accounting & Auditing

  • Standards, processes, statements, accounting heads like shares, debentures, etc.
  • Cost Accounting, Marginal Costing, Budgetary Control
  • Company Final Accounts, Cash Flow Statements
  • Auditing principles, vouching, verification, audit reports, sampling

Business Management

  • Planning concepts & Types: Objectives, policies, procedures, decision making
  • Staffing, Directing, Controlling functions
  • Leadership, Motivation, Communication Theories
  • Organizational Behavior issues like change, culture, conflict, etc.

Business Economics & Quantitative Methods

  • Demand Analysis, Forecasting, and Pricing under various market conditions
  • Production – returns to scale, cost functions, break-even analysis, etc.
  • Statistical tools – measures of central tendency, dispersion, correlation, etc.
  • Index numbers – methods, uses, limitations.

Mercantile Law & Related Laws

  • Contract Act, Sale of Goods Act, LLP Act, Companies Act
  • Consumer Protection Act, Competition Act, IPR laws
  • RBI Act, FEMA, FDI policies

Brushing up the fundamentals and key topics within these core areas will go a long way in easing the exam pressure.

Learn Key Skills

Besides syllabus knowledge, the exam tests your alertness, analytical thinking, and problem-solving abilities. Hence, develop the following skills by practicing previous papers:

  • Read questions correctly by underlining key points
  • Navigate between MCQ options efficiently
  • Use elimination tactics to remove unlikely options
  • Manage time per question as per weight
  • Attempt questions correctly to minimize negative marks

These skills will give you an edge over other candidates in cracking the UGC NET Commerce exam.

Most Important – Practice & Revise!

Rigorously practice previous years’ papers and sample tests to identify weak areas for improvement. Attempt mock test series in simulated exam conditions.

Revise formulae, concepts, and financial statement formats regularly. The more you practice, the more polished your test-taking ability gets.

Acing Paper 1

While subject proficiency is tested in Paper 2, equal importance must be given to Paper 1, which can become a deal breaker in the final selection.

Give 1 hour daily for revising teaching aptitude concepts besides English proficiency building. Develop skills for logical reasoning and data interpretation questions.

Last Month Preparations

The final month demands more mock tests to build speed, accuracy, and scoring potential. Take tests very seriously – treat each one as the final exam. Spend time analyzing your performance to plug any knowledge or skill gaps.

Avoid taking up any new topics. Just strengthen the test-taking strategy and core preparation through revisions.

Stay Motivated!

Staying positive and managing self-doubts are crucial. Evaluate your progress from your initial levels periodically. Address areas of improvement to motivate further.

Connect with peers to exchange concerns, solve problems, and gain positive insights. Consume a healthy diet and take breaks to maintain inner caliber.

With meticulous planning, adoption of proven preparation strategies, and rigorous efforts invested over 6-12 months, cracking the UGC NET Commerce exam is very much achievable. Gear up now to attain new career heights!

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Q. Is the UGC NET examination easy to pass?

Passing the UGC-NET examination is a significant challenge and requires substantial preparation. However, with well-structured planning and effective study strategies, one can successfully pass the exam on their first attempt.

Q. What are the minimum marks required to clear the UGC NET?

To qualify for the UGC NET exam, candidates in the General category must score at least 40% aggregate across both papers. Candidates belonging to PWD/SC/ST/OBC (Non-creamy layer) and Transgender categories need to achieve 35% aggregate in both papers.

Q. Is the NET exam more complex than the NEET?

The National Eligibility Test (NET) is generally considered more challenging than the National Eligibility cum Entrance Test (NEET). However, specific sections within NEET, mainly Biology, present significant difficulties due to intense competition and an extensive syllabus.