EduIQ Unit 1 and 2 Printed Notes of Commerce with MCQs for UGC NET Entrance and Other Competitive Exam Preparations 2025
Prepare for your UGC NET and other competitive exams with EduIQ’s comprehensive Unit 1 and 2 Printed Notes of Commerce, designed to provide in-depth coverage of essential topics. These notes come with a combination of two booklets that thoroughly cover the syllabus along with MCQs for effective self-assessment.
Unit 1: Business Environment and International Business
This section explores the dynamic business environment and its global impact, including:
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Economic, Political, and Legal Environments: Gain insights into the economic systems, fiscal and monetary policies, consumer protection laws, and government roles in business.
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International Business Fundamentals: Understand the significance of globalization, trade theories, and government intervention in international trade.
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Foreign Investments & Balance of Payments: Learn about FDI, FPI, and India’s policies on foreign trade and investments.
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Regional Economic Integration: Dive into the workings of economic groupings like EU, ASEAN, and NAFTA, and how regional agreements affect trade.
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International Economic Institutions: Get an overview of the IMF, World Bank, UNCTAD, and the WTO, along with their functions in shaping global trade.
Unit 2: Accounting and Auditing
This unit covers essential accounting principles and auditing practices, including:
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Basic Accounting Concepts: Master the foundational principles that govern accounting and financial reporting.
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Partnership & Corporate Accounting: Learn the nuances of partnership accounts, company mergers, share issues, and liquidation.
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Cost & Management Accounting: Explore various costing methods like marginal costing, standard costing, and process costing, along with costing techniques for decision-making.
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Financial Statements & Auditing: Understand financial analysis methods like ratio analysis, funds flow, and cash flow, along with the importance of auditing in ensuring accuracy and compliance.
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Trends in Auditing: Stay updated on modern auditing practices such as environmental audits, management audits, and energy audits.
These expertly designed notes, paired with MCQs, will help you grasp complex concepts and test your understanding, giving you a solid foundation for excelling in the UGC NET and other competitive exams.
