Business Studies

The unit-wise CBSE (Central Board of Secondary Education) syllabus for Business Studies for class 11 is given below. The syllabus has been designed with the objective of inculcating a business attitude and skills among students, acquainting them with the different aspects of business, and enabling them to act more effectively as consumers, employers, employees and citizens. The syllabus has been divided into Part A – Foundations of Business – and Part B – Finance and Trade – with various topics under each. 

Part A: Foundation of Business 

Unit 1: Evolution and fundamentals of business

History of Trade and Commerce in India: Indigenous Banking System, Rise of Intermediaries, Transport, Trading Communities: Merchant Corporations, Major Trade Centres, Major Imports and Exports, Position of Indian Sub-Continent in the World Economy.  

Business – meaning and characteristics  

Business, profession and employment-Concept 

Objectives of business 

Classification of business activities – Industry and Commerce

Industry-types: primary, secondary, tertiary Meaning and subgroups

Commerce-trade: (types-internal, external; wholesale and retail) and auxiliaries to trade; (banking, insurance, transportation, warehousing, communication, and advertising) – meaning

Business risk-Concept

Unit 2: Forms Of Business Organizations

Sole Proprietorship-Concept, merits and limitations.

Partnership-Concept, types, merits and limitation of partnership, registration of a partnership firm, partnership deed. Types of partners

Hindu Undivided Family Business: Concept

Cooperative Societies-Concept, merits, and limitations. 

Company – Concept, merits and limitations; Types: Private, Public and One Person Company – Concept 

Formation of company – stages, important documents to be used in formation of a company

Choice of form of business organization 

Unit 3: Public, Private and Global Enterprises

Public sector and private sector enterprises – Concept 

Forms of public sector enterprises: Departmental Undertakings, Statutory Corporations and Government Company. 

Global Enterprises – Feature. Public private partnership – concept  

Unit 4: Business Services  

Business services – meaning and types. Banking: Types of bank accounts – savings, current, recurring, fixed deposit and multiple option deposit account  

Banking services with particular reference to Bank Draft, Bank Overdraft, Cash credit. E-Banking meaning, Types of digital payments

Insurance – Principles. Types – life, health, fire and marine insurance – concept

Postal Service – Mail, Registered Post, Parcel, Speed Post, Courier – meaning

Unit 5: Emerging Modes Of Business 

E – business: concept, scope and benefits

Unit 6: Social Responsibility of Business and Business Ethics 

Concept of social responsibility

Case of social responsibility

Responsibility towards owners, investors, consumers, employees, government and community. 

Role of business in environment protection 

Business Ethics – Concept and Elements

Part B: Finance and Trade

Unit 7: Sources Of Business Finance

Concept of business finance

Owners’ funds- equity shares, preferences share, retained earnings 

Borrowed funds: debentures and bonds, loan from financial institution and commercial banks, public deposits, trade credit, Inter Corporate Deposits (ICD).

Unit 8: Small Business And Enterprises

Entrepreneurship Development (ED): Concept, Characteristics and Need. Process of Entrepreneurship Development: Start-up India Scheme, ways to fund start-up. Intellectual Property Rights and Entrepreneurship

Small scale enterprise as defined by MSMED Act 2006 (Micro, Small and Medium Enterprise Development Act)

Role of small business in India with special reference to rural areas 

Government schemes and agencies for small scale industries: National Small Industries Corporation (NSIC) and District Industrial Centre (DIC) with special reference to rural, backward areas

Unit 9: Internal Trade

Internal trade – meaning and types services rendered by a wholesaler and a retailer

Types of retail-trade-Itinerant and small scale fixed shops retailers

Large scale retailers-Departmental stores, chain stores – concept

GST (Goods and Services Tax): Concept and key-features 

Unit 10: International Trade

• World Trade Organization (WTO) Meaning and Objectives 
• Import Trade – Meaning and Procedure
• Export Trade – Meaning and Procedure
• International Trade: Concept and Benefits
• Documents Involved In International Trade
• Indent
• Letter Of Credit
• Shipping Order
• Shipping Bills
  • Mate’s Receipt (DA/DP)  

Unit 11: Project Work 

As per CBSE guidelines