CBSE Syllabus for Class 11 Business Studies

CBSE Syllabus for Class 11 Business Studies

Course Structure for Class XI Business Studies (2017-18)

Unit	Topic	Marks
Part A	Foundations of Business
1.	Nature and Purpose of Business	20
2.	Forms of Business Organisations
3.	Public, Private and Global Enterprises	18
4.	Business Service
5.	Emerging Modes of Business	12
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
11.	Project Work	10
	Total	100

Unit 1: Nature and Purpose of Business

Concept and characteristics of business.	After going through this unit, the student/learner would be able to: Understand the concept of business with special reference to economic and non economic activities. Discuss the characteristics of business.
Business, profession and employment – Meaning and their distinctive features.	Understand the concept of business, profession and employment. Differentiate between business, profession and employment.
Objectives of business – Economic and social, role of profit in business.	Appreciate the economic and social objectives of business. Examine the role of profit in business.
Classification of business activities: Industry and Commerce.	Understand the broad categories of business activities- industry and commerce.
Industry – types: primary, secondary, tertiary – Meaning and sub types.	Describe the various types of industries.
Commerce – trade: types (internal, external, wholesale and retail); and auxiliaries to trade;(banking, insurance, transportation, warehousing, communication, and advertising.) – meaning	Discuss the meaning of commerce, trade and auxiliaries to trade. Discuss the meaning of different types of trade and auxiliaries to trade. Examine the role of commerce- trade and auxiliaries to trade.
Business risk – Concept	Understand the concept of risk as a special characteristic of business. Examine the nature and causes of business risks.

Unit 2: Forms of Business organizations

Sole Proprietorship – meaning, features, merits and limitations.	After going through this unit, the student/learner would be able to: List the different forms of business organisations and understand their meaning. Identify and explain the concept, merits and limitations of Sole Proprietorship.
Partnership – Features, types, merits and limitations of partnership and partners, registration of a partnership firm, partnership deed. Type of partners.	Identify and explain the concept, merits and limitations of a Partnership firm. Understand the types of partnership on the basis of duration and on the basis of liability. Define limited liability partnership. State the need for registration of a partnership firm. Discuss types of partners -active, sleeping, secret, nominal and partner by estoppel.
Hindu Undivided Family Business: features.	Understand the concept of Hindu Undivided Family Business.
Cooperative Societies- features, types, merits and limitations.	Identify and explain the concept, merits and limitations of Cooperative Societies. Understand the concept of consumers, producers, marketing, farmers, credit and housing co-operatives.
Company: private and public company -features, merits and limitations.	Identify and explain the concept, merits and limitations of private and public companies. Understand the meaning of one person company. Distinguish between a private company and a public company.
Formation of a company- four stages, important document (MOA, AOA, relevances of certificate of incorporation and certificate of commencement.	Highlight the stages in the formation of a company. Discuss the important documents used in the various stages in the formation of a company.
Starting a business – Basic factors.	Distinguish between the various forms of business organisations. Explain the factors that influence the choice of a suitable form of business organisation.

Unit 3: Public, Private and Global Enterprises

Private sector and public sector enterprises.	After going through this unit, the student! Learner would be able to: Develop an understanding of public sector and private sector enterprises.
Forms of public sector enterprises: features, merits and limitations of departmental undertakings, statutory corporation and Government Company.	Identify and explain the features, merits and limitations of different forms of public sector enterprises.
Changing role of public sector enterprises.	Discuss the change in the rote of public sector in an economy.
Global enterprises, Joint ventures, Public Private Partnership – Features	Develop an understanding of global enterprises, joint ventures and public private partnership by studying their meaning and features.

Unit 4: Business Services

Banking: Types of bank accounts- savings, current, recurring, fixed deposit and multiple option deposit account.	Understand the meaning of business services. Discuss the meaning of types of Business service Banking, insurance, communication services, transportation, warehousing. Develop an understanding of difference types of bank account.
Banking services with particular reference to issue of bank draft, banker’s cheque (pay order), RTGS (Real Time Gross Settlement) NEFT (National Electronic Funds Transfer), bank overdraft, cash credits and e- banking.	Develop and understanding of the difference services provided by banks-Bank Draft, Banker’s Cheque, Real Time Gross Settlement, National electronic Funds Transfer, Bank Overdraft, Cash credit and e-banking meaning.
Insurance: principles, concept of life, health, fire and marine insurance.	Recall the concept of insurance. Understand Utmost Good Faith, Insurable Interest, Indemnity, Contribution, Doctrine of Subrogation and Causa Proxima as principles of insurance. Discuss the meaning of different types of insurance-life, health, fire, marine insurance.
Postal and telecom services: mail (UPC, registered post, parcel, speed post and courier) and other services.	Understand the utility of different postal and telecom services a) Postal services b) Telecom services

Unit 5: Emerging Modes of Business

E-business – scope and benefits, resources required for successful e-business implementation, online transactions, payment mechanism, security and safety of business transactions.	After going through this unit, the student/learner would be able to: Give the meaning of e-business. Discuss the scope of e-business. Appreciate the benefits of e-business Distinguish e-business from traditional business. Explain the process of online buying and selling as a part of e-business. Examine the major security concerns of electronic mode of doing business. Understand the methods of secure and safe business transactions. Identify the resources required for implementation of a successful e-business.
Outsourcing-concept, need and scope of BPO (business process outsourcing) and KPO (knowledge process outsourcing).	Understand the concept of outsourcing. Examine the scope of outsourcing, appreciate the need of outsourcing. Discuss the meaning of Business Process Outsourcing and Knowledge Process Outsourcing.
Smart cards and ATM’s meaning and utility.	State the meaning of Smart cards and ATM’s. Appreciate the utility of Smart cards and ATM’s.

Unit 6: Social Responsibility of Business and Business Ethics

Concept of social responsibility.	After going through this unit, the student/learner would be able to: State the concept of social responsibility.
Case for social responsibility.	Examine the case for social responsibility.
Responsibility towards owners, investors, consumers, employees, government and community.	Identify the social responsibility towards different interest groups.
Environment protection and business-Meaning and role.	Appreciate the role of business in environment protection.
Business Ethics-Concept and Elements.	State the concept of business ethics. Describe the elements of business ethics.

Part B: Finance and Trade

Concept includes meaning and features

Unit 7: Sources of Business Finance

Concept of business finance.	After going through this unit, the student/learner would be able to: State the meaning, nature and importance of business finance.
Owner’s funds – equity shares, preference share, GDR, ADR, IDR and retained earnings.	Classify the various sources of funds into owners’ funds and borrowed funds. State the meaning of owners’ funds. Explain the meaning, merits and limitations of equity shares, preference shares and retained earnings. Understand the meaning of Global Depository receipts, American Depository Receipts and International Depository Receipts.
Borrowed funds: debentures and bonds, loan from financial institution, loans from commercial banks, public deposits, trade credit, ICD (inter corporate deposits).	State the meaning of borrowed funds. Discuss the meaning, merits and limitations of debentures, bonds, loans from financial institutions, trade credit and inter corporate deposits. Distinguish between owners funds and borrowed funds.

Unit 8: Small Business

Small scale enterprise as defined by MSMED Act 2006 (Micro, Small and Medium Enterprise Development Act).	After going through this unit, the student/learner would be able to: Understand the meaning of small business.
Role of small business in India with special reference to rural areas.	Discuss the role of small business in India.
Government schemes and agencies for small scale industries: (National Small Industries Corporation) and DIC (District Industrial Center) with special reference to rural, backward and hilly areas.	Appreciate the various Government schemes and agencies for development of small scale industries NSIC and DIC with special reference to rural, backward area.

Unit 9: International Trade

Services rendered by a wholesaler and a retailer.	After going through this unit, the student/learner would be able to: State the meaning and types of internal trade. Appreciate the services of wholesalers and retailers.
Types of retail – trade – Itinerant and small scale fixed shops.	Explain the different types of retail trade.
Large scale retailers – Departmental stores, chain stores, mail order business.	Highlight the distinctive features of departmental stores, chain stores and mail order business.
Concept of automatic vending machine.	State the concept of automatic vending machine.
Chambers of Commerce and Industry: Basic functions.	Discuss the role of Chambers of Commerce and Industry in the promotion of internal trade.
Main documents used in internal trade: Performa invoice, invoice, debit note, credit note. LR (Lorry receipt) and RR (Railway Receipt).	Describe the main documents used in internal trade.
Terms of Trade: COD (Cash on Delivery), FOB (Free on Board), CIF (Cost, Insurance and Freight), E&OE (Errors and Omissions Excepted).	Develop an understanding of the various terms used in internal trade.

Unit 10: International Trade

Meaning, difference between internal trade and external trade: Meaning and characteristics of international trade.	After going through this unit, the student/ learner would be able to: Understand the concept of international trade. Distinguish between internal trade and external trade.
Problems of international trade: Advantages and disadvantages of international trade.	Describe the scope of international trade to the nation and business firms. Discuss the disadvantages of international trade.
Export Trade – Meaning, objective and procedure of Export Trade.	State the meaning and objectives of export trade. Explain the important steps involved in executing export trade.
Import Trade – Meaning, objective and procedure: Meaning and functions of import trade; purpose and procedure.	State the meaning and objectives of import trade. Discuss the important steps involved in executing import trade.
Documents involved in International Trade; documents involved in export trade, indent, letter of credit, shipping order, shipping bills, mate’s receipt, bill of lading, certificate of origin, consular invoice, documentary bill of exchange (DA/DP), specimen, importance.	Develop an understanding of the various documents used in international trade. Identify the specimen of the various documents used in international trade. Highlight the importance of the documents needed in connection with international trade transactions.
World Trade Organization (WTO) meaning and objective.	State the meaning of World Trade Organization. Discuss the objectives of World Trade Organization in promoting international trade.

Unit 11: Project Work

As per CBSE guidelines

NCERT Solutions