Overview: Explore the structure of the CUET Commerce exam, study strategies and the benefits of past paper practice for applicants seeking success in India's university entrance exam. Learn about CUET commerce subject patterns, major subjects, and successful study strategies. 

The Common University Entrance Test (CUET) has become an extremely important gateway for students wishing to pursue higher education in commerce-related areas at India's premier universities.

The CUET Commerce exam, in particular, is a significant challenge that necessitates thorough preparation, strategic planning, and an in-depth knowledge of the subject.

This article seeks to clear the complexities of the CUET Commerce question paper, providing insights into the exam pattern, preparation strategies, and the obvious advantages of solving previous year's CUET commerce question papers. 

Download CUET Commerce Question Paper with Solutions by SuperGrads

Understanding the CUET Commerce Exam 2024  

The CUET commerce exam is intended to assess a candidate's ability in core commerce disciplines such as accounting, business studies, economics, and mathematics (optional).

The exam pattern consists primarily of multiple choice questions (MCQs), with a component that may contain case studies and data analysis based on the most recent exam pattern.

Typically, the exam timetable and marking style are associated with the overall CUET requirements, resulting in a consistent assessment procedure across all topics. 

CUET 2024 Exam Pattern 

The CUET exam pattern for Commerce carefully designs the question paper for CUET commerce subjects to assess a student's conceptual knowledge and application abilities.

The question paper for CUET commerce subject is divided into sections, each of which is dedicated to a certain subject and contains questions of moderate to high difficulty.

The marking method provides positive marks for right answers and may penalize poor replies, emphasizing the significance of accuracy and well-thought-out attempts. 

CUET Commerce Question Paper PDF 

These questions and answers are designed to provide a comprehensive overview and practice in key areas of commerce, assisting students in their preparation for CUET Commerce exam. 

1. What is the formula to calculate Gross Profit? 

• A. Sales - Cost of Goods Sold (Correct) 
• B. Sales + Cost of Goods Sold 
• C. Opening Stock + Purchases + Direct Expenses - Closing Stock 
• D. Sales - (Opening Stock + Purchases + Direct Expenses - Closing Stock) 

2. The accounting principle that requires revenue to be recognized at the time of sale is: 

• A. The matching principle 
• B. The revenue recognition principle (Correct) 
• C. The historical cost principle 
• D. The materiality principle 

3. Which level of management is responsible for setting the organization's overall objectives and developing policies? 

• A. Top-level management (Correct) 
• B. Middle-level management 
• C. Lower-level management 
• D. Operational management 

4. Maslow's hierarchy of needs theory categorizes human needs into how many levels? 

• A. 3 
• B. 5 (Correct) 
• C. 7 
• D. 4 

5. If the price elasticity of demand for a good is less than 1, the demand is: 

• A. Perfectly elastic 
• B. Elastic 
• C. Inelastic (Correct) 
• D. Unit elastic 

6. Which market structure is characterized by a single seller and no close substitutes for the product? 

• A. Monopoly (Correct) 
• B. Oligopoly 
• C. Perfect competition 
• D. Monopolistic competition 

7. If the simple interest on a sum of money for 2 years at 5% per annum is $100, what is the principal amount? 

• A. $1000 (Correct) 
• B. $2000 
• C. $500 
• D. $2500 

Access CUET Accountancy Practice Papers by Supergrads

8. Which of the following is not a function of management? 

• A. Planning 
• B. Staffing 
• C. Customer Service (Correct) 
• D. Controlling 

9. The break-even point is the point at which: 

• A. Total revenues equal total costs (Correct) 
• B. Total profit is maximized 
• C. The company starts to experience losses 
• D. Variable costs equal fixed costs 

10. Depreciation is best described as: 

• A. A method to increase the value of assets 
• B. A process of allocation of the cost of a tangible asset over its useful life (Correct) 
• C. A way to calculate net income 
• D. The reduction in sales revenue over time 

11. The principle of insurance that states that the insured should not collect more than the actual cash value of a loss is known as: 

• A. Indemnity (Correct) 
• B. Contribution 
• C. Subrogation 
• D. Insurable interest 

12. In economics, 'demand' refers to: 

• A. The desire to own something and the ability to pay for it (Correct) 
• B. The total amount of goods produced 
• C. Government regulations on trade 
• D. The supply of goods available for sale 

13. A company's total equity is calculated as: 

• A. Total Assets minus Total Liabilities (Correct) 
• B. Total Liabilities minus Total Assets 
• C. Total Revenue minus Total Expenses 
• D. Total Expenses minus Total Revenue 

14. The term 'oligopoly' refers to: 

• A. A market form in which a market or industry is dominated by a small number of sellers (Correct) 
• B. A market with only one buyer 
• C. A market with only one seller 
• D. A market with unlimited sellers and buyers 

Refer: CUET GK Questions With Answers

Section-wise Analysis of the CUET Commerce Question Paper 

• Accountancy: This section tests the candidate's grasp of financial accounting principles, accounting standards, and the preparation of financial statements. Emphasis is placed on understanding and application rather than rote memorization. 
• Business Studies: Questions in this section evaluate understanding of business laws, management principles, and organizational behavior. Case studies are common, requiring analytical skills to apply theoretical knowledge to practical scenarios. 
• Economics: Covering both microeconomics and macroeconomics, this section demands an understanding of economic theories, models, and their real-world applications. Data response questions test the ability to interpret economic data and graphs. 
• Mathematics: For those opting for it, this section includes questions on business mathematics, statistics, and quantitative techniques, focusing on problem-solving and logical reasoning. 

Benefits of Solving CUET Commerce Question Papers 

• Familiarity with Exam Pattern: Helps understand the structure, types of questions, and marking scheme, reducing exam-day anxiety. 
• Identification of Important Topics: Reveals frequently asked questions and topics, allowing focused study. 
• Improvement in Time Management: Enhances the ability to manage time effectively during the actual exam. 
• Accuracy and Speed: Regular practice improves speed and accuracy in answering questions. 
• Confidence Boost: Builds confidence through familiarity with the question format and exam conditions. 
• Strategic Planning: Aids in developing strategies for attempting the paper, such as which sections to tackle first. 
• Error Reduction: Identifies common pitfalls and mistakes that can be avoided with practice. 
• Enhanced Problem-solving Skills: Solving diverse questions enhances analytical and problem-solving skills. 
• Stress Management: Reduces exam stress through better CUET preparation and realistic expectations. 
• Revision Efficiency: Acts as an effective revision tool, consolidating knowledge and identifying weak areas. 

Learn more: How to Start Your CUET Exam Preparation?

Access CUET Business Studies Practice Papers by Supergrads

Preparation Strategy for CUET Commerce Question Papers 

• Study Plan: Devise a balanced study plan that allocates sufficient time to each subject, incorporating both learning and revision periods. Tailor your schedule to your learning pace, ensuring that no topic is left unattended. 
• Resource Utilization: Build your foundation with NCERT books before exploring additional resources for advanced topics. Online platforms offer a wealth of practice questions, mock tests, and study materials that can complement your preparation. 
• Practice and Mock Tests: Consistent practice through previous years' question papers and mock tests is invaluable. It not only aids in reinforcing knowledge but also improves speed and accuracy. 
• Time Management: Master the art of managing your time both during preparation and in the examination hall. Practice completing mock tests within the allotted time to build efficiency. 

Resources for CUET Commerce Preparation 

Use NCERT textbooks, recognized guidebooks, and online learning resources that provide practice examinations and extensive study materials. Consider your learning style and interests while deciding between self-study and coaching classes. 

Last-minute Preparation Tips 

During the last preparation before the exam, concentrate on reviewing crucial topics, formulas, and definitions. Stay organized, manage the stress, and get plenty of rest before the exam. Remember to check your exam kit for all required paperwork and resources. 

Common Mistakes to Avoid in the CUET 2024 Exam 

Avoid underestimating the scope of the CUET commerce syllabus, ignoring the relevance of mock test, and failing to manage time effectively. Each of these areas is critical for a thorough preparation strategy that can significantly improve your performance. 

Steps to avoid mistakes: Mistakes To Avoid During CUET Application Process 2024

Conclusion 

With proper preparation and a solid strategy, you may pass the CUET Commerce exam. Mastering the exam structure, analyzing past papers, and sticking to a comprehensive study plan improves your chances of success. Maintain motivation, attention, and confidence throughout your academic career.

Overcoming this issue requires discipline, a thorough comprehension of the material, and continuous practice. Each mastered thought and solved question brings you closer to your university objective. Accept this preparation trip as a significant learning opportunity.