Business Studies Class 11 Syllabus 2024

Business Studies Class 11 Syllabus 2024

The syllabus is divided into two parts: Part A is Foundations of Business with six units, and Part B is Finance and Trade with four units.

Exam Structure

Units Topic Marks
Part A Foundations of Business  
1 Nature and Purpose of Business 16
2 Forms of Business Organisations
3 Public, Private and Global Enterprises 14 
4 Business Services
5 Emerging Modes of Business 10
6 Social Responsibility and Business Ethics
Part B Finance and Trade  
7 Sources of Business Finance 20 
8 Small Business
9 Internal Trade 20  
10 International Business
  Total 80

Unit 1: Nature and Purpose 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 a 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.

Joint venture

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 for social responsibility

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

Role of business in environment protection

Business Ethics - Concept and Elements

Unit 7: Sources of Business Finance

Concept of business finance

Owner's funds - equity shares, preference 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

International trade: concept and benefits

Export trade - Meaning and procedure

Import Trade - Meaning and procedure

Documents involved in International Trade; indent, letter of credit, shipping order, shipping bills, mate’s receipt (DA/DP)  

World Trade Organization (WTO) meaning and objectives