UGC NET December 2025 Commerce Question Paper PDF, Check Solution

UGC NET December 2025 Commerce Question Paper: NTA has organised the UGC NET December 2025 Commerce exam and released the answer key on the official website. Candidates can get the UGC NET December 2025 Commerce Question Paper. The Accounting, Finance, and Income Tax sections are challenging. Candidates faced several numerical problems and deep application-based questions on Ind AS, Audit standards, and GST. The paper saw a high frequency of "Assertion-Reason" and "Chronological Sequence" questions, which tested conceptual clarity rather than memory. 

UGC NET December 2025 Commerce Overview

UGC NET December 2025 Commerce paper organised through the online mode. It includes 100 questions and 3 hours provided to solve the papers with no break. 

UGC NET December 2025 Commerce Question Paper PDF

Candidates can download the UGC NET December 2025 Commerce Question Paper PDF. The question paper is available with the solutions. It is helpful for the candidates to check the answers to the questions asked in the December 2025 cycle Commerce paper in the UGC NET exam. No signup is required to access the question paper. 

 UGC NET December 2025 Commerce Question Paper PDF

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).