M.A

Yes, a commerce student can choose it.

Dear Nil,
Surely, you can go ahead to pursue your course in MA English. However, if you are interested in distance learning, than you can pursue it from English and Foreign Languages University, Hyderabad. It is one of the top university offering MA in English Literature. For further details, please visit the below mentioned URL:
http://www.efluniversity.ac.in/Prospectus.html
I hope this helps. God Bless You.

Pursuing professional courses like MBA, LLB or B.Ed leads to a bright future.
Joining any job and continuing also gives clearance of doubt for a bright career.

SET stands for State Eligibility Test. The candidates who want to go for assistant professor or junior fellowship award, can apply for the SET or NET exam.
The minimum eligibility for the NET/Set exam is post graduation degree. you need to complete the post graduation degree to be eligible for the exam with minimum 55% marks.
After the successfully completion of the exam you will awarded a certificate through which you can apply for vacancies in national universities.
Check out the complete eligibility criteria for NET exam here: http://scoop.eduncle.com/ugc-net-exam-eligibility
All the best for the future ahead.