Free PDF Of Study Material for Commerce Class 11 & 12 Available for Download
Commerce is defined as the exchange of products, commodities, and services between different individuals and businesses. It encompasses all the activities that directly or indirectly take place in the exchange process. Commercial activity can play a crucial role in the development of a nation and can influence the standard of living of citizens by facilitating the exchange of goods and services within the country and between different countries.
Many students choose Commerce as their stream after the 10th standard, as it opens up a variety of career options for students. This makes Commerce a very popular choice among students along with Arts and Science. The primary subjects covered in Commerce include Economics, Accountancy, and Business Studies. In this article, we’ll be covering all you need to know about the Commerce stream.
Choosing a stream after the 10th standard is very important, as it will influence your future career path. For this reason, students need to think about where their interests lie to make an informed decision.
In India, the majority of students are attracted to three streams - Arts, Commerce, and Science. As per the All India Survey on Higher Education (AISHE) in 2019, Arts was the most popular stream. Science was the second most popular and Commerce came in third place. In Commerce, students learn about the basics of economics, industrial policies, fiscal policies, and business trade. Through Commerce, students acquire various specialized skills that will help them shine in different areas of business.
However, if none of these streams interest you, remember that there are several different options for you to choose from. You don’t need to be a part of the crowd; make your own way! Study something that interests you and excel at it.
Reasons to Choose Commerce Stream
Students pursuing Commerce after class 10 get to choose between a wide array of degrees and career options. Chartered Accountancy (CA), Chartered Financial Analyst (CFA), and the banking sector are just a few well-paying and satisfying career options among many that are open to Commerce students.
If you’re good at numbers, dealing with a lot of data, and interested in topics like finance and economics, then you should definitely consider Commerce.
Subjects like Accountancy, Economics, and Business Studies help students gain a better understanding of the economic and commercial world. Commerce prepares students for entry into the interesting world of business.
Subjects in Commerce
Commerce is all about the trade process between economic agents. Students choosing to study commerce after the 10th standard will have compulsory as well as optional subjects. Students need to know the different subjects included in Commerce before making their choice. So, here is a brief overview of the subjects you will have to study if you choose Commerce.
Accounting refers to the process of documenting the financial transactions related to a business. Accounting is necessary for any business to survive, no matter how big or small it is. It is one of the primary functions of a business. It also provides valuable information to any business and helps it to make informed decisions. It measures the outcome of a business’s commercial activity and passes it on to various people, such as investors, creditors, and management. Accounting is often called the language of business and is a mandatory subject in the Commerce stream. Studying Accountancy in classes 11 and 12 will provide you with extensive knowledge of accounting and will also enhance your critical thinking skills.
2. Business Studies
As the name suggests, it is a subject that provides comprehensive business knowledge. Students study how companies are formed, the business environment, and what affects them. It includes business ethics and social responsibilities of businesses too. With this subject, students will get a better understanding of how businesses operate and the framework within which businesses operate.
Business studies will help you no matter what career path you choose. It will help you if you want to work in management, kickstart your own company or even run a family business.
Economics is a mandatory subject for Commerce students. It includes the study of production, circulation, and consumption of goods and services. It is concerned with how economies function and the interactions between economic agents. In Classes 11 and 12, students will learn about the basics of economics, microeconomics, macroeconomics as well as statistical tools.
No matter which stream you choose, English is a compulsory subject. It is the most widely spoken language with 1.5 billion speakers. It is a global language and knowing it will help students to progress in their careers. In Classes 11 and 12, the syllabus is based on listening skills, speaking skills, writing skills, grammar, and comprehension.
Apart from these four main subjects, students will also have to choose an optional subject as their fifth subject.
Commerce Stream Boards in India
In India, there are four main educational boards for students. They have the freedom to choose the Board that suits them well. The choice can be made on the difficulty level of each Board and what students are comfortable with. The names of the main educational boards in India are -
CBSE – Central Board of Secondary Education
ICSE – Indian Certificate of Secondary Education
IB – International Baccalaureate
Among the above-mentioned streams, International Baccalaureate is considered to be the most challenging. In the IB board, there is much more emphasis on practical knowledge and how their studies can be applied. IB examinations test a student’s knowledge of a subject rather than their speed and memory. In this board, students don’t need to choose a stream like arts, science, and commerce after the 10th standard. Instead, students get to choose subjects according to their preferences.
ICSE comes second in terms of difficulty level. It is a private national-level board with English as its primary means of instruction. The curriculum is designed in such a way that it gives equal importance to both academics and extracurricular activities.
Next, comes the Central Board of Secondary Education. It is one of the most popular boards in India and is managed by the Union Government of India. The CBSE board is committed to providing quality education to students and the difficulty level of this Board is moderate.
Next are the State Boards. Every state in India has its state board of education and is regulated by the respective state. Under the Ministry of Education, each state and union territory is allowed to design its syllabus. In most cases, the state boards are considered to be a lot more rote-oriented.
From the syllabus to the study material - everything you require to strengthen your understanding of a subject, prepare for an exam and revise all you have studied - is available on Vedantu. And the best part is that all these resources are completely free. On Vedantu you will find question papers with solutions, detailed syllabus, important questions, revision notes for every subject and every chapter. Above this we also have a team of dedicated subject experts who are available to clear your doubts and help you understand the subject better.
FAQs (Frequently Asked Questions)
1. What are the main subjects in class 11 and 12 Commerce?
In Classes 11 and 12, students study mandatory subjects and also get to choose between different optional subjects. The four compulsory subjects in Classes 11 and 12 Commerce are Accounting, Business Studies, Economics, and English. These are the core subjects. Apart from these, some of the optional subjects include Entrepreneurship, Mathematics, Psychology, Fine Arts, Computer Science, and Physical Education. Students need to select an eclectic subject from these optional subjects. Thus, students study a total of five subjects in Classes 11 and 12 Commerce.
2. Is Commerce difficult? How should I study for it?
While commerce can be a little challenging, it is not necessarily difficult. The subjects that most students find tough are Accountancy and Economics. However, the level of difficulty depends on a student’s interests, strengths and skills. If you find certain subjects challenging, you can use study strategies that will help you make your way to the top. Start studying well in advance and make a timetable. Try to follow it as much as you can; however, you can alter it when you need to.
3. Where can I find textbook solutions for Classes 11 and 12?
If you decide to choose Commerce as your stream or are already pursuing it, you can learn with study materials from Vedantu. While preparing for exams, students can use textbook solutions that are available on the Vedantu website and app. Students can also access Commerce Class 11 and 12 Important Topics and study materials with chapter-wise Solutions on the Vedantu website. These study resources are created by subject matter experts. Free PDFs of Commerce Class 11 & 12 textbook solutions can easily be downloaded after students register on the website.
4. What career can I pursue after studying Commerce?
There are different career options for students after studying Commerce. Many of these careers pay highly. Students can also pursue various professional courses after studying commerce in Classes 11 and 12, such as Bachelor of Commerce (B.Com), Bachelor of Business Administration (BBA), Bachelor of Economics, and many more. Being a chartered accountant (CA), investment banker, stockbroker, banker, and financial planner are just a few potential career options among many that are available to students who study Commerce.
5. Is Commerce an interesting and rewarding field of study?
The answer to this question depends on where your interests lie. If one is interested in the different aspects of business, trade, and finance, then they will find Commerce very interesting. Commerce is a great choice for those who enjoy working with numbers and have problem-solving skills. However, whether you will find Commerce boring or interesting depends on your interests. Hence, it is important to make a choice based on your interests and what you would like your future career to be.