UGC NET December 2025 Commerce Question Paper PDF, Check Solution

PW UGC NET 10 Years PYQ Commerce provides solved previous year Commerce questions with detailed explanations and practice support.

UGC NET December 2025 Commerce Paper Analysis Video

UGC NET December 2025 Commerce Paper Analysis Video has been prepared by the dedicated PhysicsWallah UGC NET team. Candidates can get the detailed solutions and explanations to the questions asked in the Commerce. They can watch the video to get the explanation of the questions asked in the paper. 

UGC NET December 2025 Commerce Questions Asked

UGC NET December 2025 Commerce followed the conceptual questions asked in the paper. The paper level is moderate to difficult. 

1. Accounting and Auditing

• Numerical Focus: Calculation of Ratio Analysis (specifically Current Ratio and Debt-Equity).

• Standards: Matching questions on Ind AS vs. IFRS and their respective application areas.

• Auditing: Questions on the "Audit Report" types and the sequential steps in the audit process.

• Partnership: Calculation of "Sacrificing Ratio" and treatment of Goodwill upon admission of a partner.

2. Business Finance & Economics

• Finance Models: Questions on the Modigliani-Miller (MM) Approach (with and without taxes) and Walter’s Model of dividend policy.

• Cost of Capital: Calculation of Weighted Average Cost of Capital (WACC).

• Economics: Determinants of the U-shaped Cost Curve and the relationship between Total Utility and Marginal Utility.

• Market Structures: Characteristics of Oligopoly (Kinked Demand Curve) and Price Discrimination in Monopoly.

3. Legal Aspects & Income Tax

• Income Tax: Specific questions on Deductions under Sections 80C to 80U and the residential status of an individual.

• Business Law: Chronological order of the enactment of laws (Contract Act 1872, Companies Act 2013, GST Act 2017).

• GST: A passage-based set of questions focusing on the "Place of Supply" and "Input Tax Credit."

4. International Business & Banking

• Integration: Questions on the stages of Economic Integration (Free Trade Area → Customs Union → Common Market).

• Institutions: Chronology and functions of WTO, IMF, and World Bank.

• Banking: Basel III Norms (Capital Adequacy Ratio) and the recent digitisation initiatives of the RBI (Digital Rupee).