Courses
Courses for Kids
Free study material
Offline Centres
More
Store Icon
Store

NCERT Solutions for Class 11 Business Studies 2024-25

ffImage
Last updated date: 17th Jul 2024
Total views: 654k
Views today: 7.54k

NCERT Class 11 Business Studies Questions and Answers - FREE PDF Download

NCERT Solutions for Class 11 at Vedantu provides students with exact and accurate answers to in-text questions. Business Studies Class 11 helps students understand the fundamental concepts of business, such as financial management, business organisations, and the importance of trade and commerce. 

toc-symbol
Table of Content
1. NCERT Class 11 Business Studies Questions and Answers - FREE PDF Download
2. NCERT Class 11 Business Studies Solutions Chapter-wise Links - Download the FREE PDF
3. Quick Overview of Business Studies NCERT Class 11 Solutions
4. Business Studies NCERT Class 11: Chapter Details, Concepts, and Important Links
    4.1Chapter 1: Business, Trade and Commerce
    4.2Chapter 2: Forms of Business Organisation
    4.3Chapter 3: Private, Public and Global Enterprises
    4.4Chapter 4: Business Services
    4.5Chapter 5: Emerging Modes of Business
    4.6Chapter 7: Formation of a Company
    4.7Chapter 8: Sources of Business Finance
    4.8Chapter 9: MSME and Business Entrepreneurship 
    4.9Chapter 10: Internal Trade
    4.10Chapter 11: International Business 
5. Benefits of Referring to Vedantu’s NCERT Solutions for Class 11th Business Studies
6. Related Important Links for Commerce Business Studies Class 11
FAQs


They can also cross-check their answers and learn which points can be added to increase their exam score. Students must put in significant work and preparation throughout the year to achieve this. They should be familiar with all of the chapters in Class 11 Business Studies. So, along with the NCERT Solutions, you can also check the CBSE Class 11 Social Business Studies Syllabus.


NCERT Class 11 Business Studies Solutions Chapter-wise Links - Download the FREE PDF


The following Chapter name has been modified from NCERT Class 11 Business Studies Solutions for the Academic year 2024-25:


  • Chapter 9 - MSME and Business Entrepreneurship (Previously, it was ‘Small Business’)


Below is the pictorial representation of the Business Studies NCERT Class 11 Syllabus for better understanding:


NCERT Solutions for Class 11 Business Studies


Quick Overview of Business Studies NCERT Class 11 Solutions

  • The  Business Studies NCERT Class 11 Solutions provides detailed solutions and explanations to every question in the textbook. 

  • These concepts handle key topics such as financial management, business organisations, and the importance of trade and commerce. 

  • Business Studies NCERT Class 11 chapters are designed to help students understand complicated business concepts through simple explanations. 

  • Students can use these solutions to strengthen their understanding of the subject, prepare for exams, and establish a strong foundation in the field of business and entrepreneurship.

  • Students can download the FREE PDFs to have quick access to all the solutions.

Competitive Exams after 12th Science
tp-imag
bottom-arrow
tp-imag
bottom-arrow
tp-imag
bottom-arrow
tp-imag
bottom-arrow
tp-imag
bottom-arrow
tp-imag
bottom-arrow

Chapter 1: Business, Trade and Commerce

  • This chapter is introductory to the Business Studies subject, where students become familiar with business, trade, and commerce concepts, what those three entail, and their features.

  • It discusses banking systems, intermediaries, merchant corporations, and the main trade centres. 

  • It also touches upon the industry.


Important Topics Covered in Chapter 1: Business, Trade and Commerce

  • Role of Business in the Development of the Economy

  • Characteristics of Business Activities 

  • Classification of Business Activities

  • Objectives of Business


Important Study Material Links for Chapter 1:  Business, Trade and Commerce

S. No

Important Study Material Links for Chapter 1 Business, Trade and Commerce

1.

Class 11 Business, Trade and Commerce Important Questions

2.

Class 11 Business, Trade and Commerce Revision Notes


Chapter 2: Forms of Business Organisation

  • The chapters primarily discuss the varied nature of a business organisation, and students can appreciate how one differs from the other. 

  • Other concepts from this chapter include proprietorship and partnership, types of companies, and a brief mention of joint-stock companies. 

  • This is a very important chapter in learning about the stock market.


Important Topics Covered in Chapter 2: Forms of Business Organisation

  • Sole proprietorship

  • Partnership and its types

  • Cooperative Society

  • Joint Stock Company


Important Study Material Links for Chapter 2: Forms of Business Organisation

S. No

Important Study Material Links for Chapter 2 Forms of Business Organisation

1.

Class 11 Forms of Business Organisation Important Questions

2.

Class 11 Forms of Business Organisation Revision Notes


Chapter 3: Private, Public and Global Enterprises

  • The chapter discusses the nature of ownership patterns or holding structures in private, public, and global enterprises. 

  • An introduction to public and government companies, the role of public sectors, and joint ventures is provided.


Important Topics Covered in Chapter 3: Private, Public and Global Enterprises

  • Private Sector and Public Sector

  • Forms of organising enterprises

  • Changing rules of Public Sectors

  • Global Enterprises

  • Joint Ventures


Important Study Material Links for Chapter 3: Private, Public and Global Enterprises

S. No

Important Study Material Links for Chapter 3 Private, Public and Global Enterprises

1.

Class 11 Private, Public and Global Enterprises Important Questions

2.

Class 11 Private, Public and Global Enterprises Revision Notes


Chapter 4: Business Services

  • Chapter 4 encompasses the different types of services businesses extend and the broad categorisation. 

  • Some of the topics covered include banks and the function of commercial banks.

  • Also, e-banking is all about Insurance, postal and telecom, warehouse services and transport.


Important Topics Covered in Chapter 4: Business Services 

  • Nature of Services

  • Types of Services

  • Types of Banks


Important Study Material Links for Chapter 4: Business Services 

S. No

Important Study Material Links for Chapter 4 Business Services 

1.

Class 11 Business Services Important Questions

2.

Class 11 Business Services Revision Notes


Chapter 5: Emerging Modes of Business

  • Changing business scenarios has brought a paradigm shift to newer business models. 

  • Students get a glimpse of a few emerging business models in this chapter. 

  • This chapter also talks in detail about e-business, its advantages and disadvantages, the concept of outsourcing, B2B, B2C, and C2C commerce, and how they work.


Important Topics Covered in Chapter 5: Emerging Modes of Business

  • e-Business

  • Scope of e-Business

  • Benefits of e-Business

  • Limitations of e-Business


Important Study Material Links for Chapter 5: Emerging Modes of Business

S. No

Important Study Material Links for Chapter 5 Emerging Modes of Business

1.

Class 11 Emerging Modes of Business Important Questions

2.

Class 11 Emerging Modes of Business Revision Notes


Chapter 6: Social Responsibilities of Business and Business Ethics

  • Chapter 6 introduces students to corporate social responsibilities and business entities' role in social engineering. 

  • This chapter is very important as it discusses the different kinds of social responsibilities.

  • It deals with the cases against it, pollution caused by businesses, ethics in business, and its elements.


Important Topics Covered in Chapter 6: Social Responsibilities of Business and Business Ethics

  • Concept of Social Responsibility

  • Kinds of Social Responsibility

  • Business and Environmental Protection

  • Causes of Pollution


Important Study Material Links for Chapter 6: Social Responsibilities of Business and Business Ethics

S. No

Important Study Material Links for Chapter 6 Social Responsibilities of Business and Business Ethics

1.

Class 11 Social Responsibilities of Business and Business Ethics Important Questions

2.

Class 11 Social Responsibilities of Business and Business Ethics Revision Notes


Chapter 7: Formation of a Company

  • Details relating to the company's incorporation have been laid down in Chapter 7. 

  • This chapter also includes the forming of a company, its promotion, the concept of incorporation, and the effects of its certification.


Important Topics Covered in Chapter 7: Formation of a Company

  • Promotion of a Company

  • Position of Promoters

  • Incorporation

  • Effect of the Certificate of Incorporation


Important Study Material Links for Chapter 7: Formation of a Company

S. No

Important Study Material Links for Chapter 7 Formation of a Company

1.

Class 11 Formation of a Company Important Questions

2.

Class 11 Formation of a Company Revision Notes


Chapter 8: Sources of Business Finance

  • Different financing options are discussed, which range from a conventional source of funds, i.e., banks, to that of investors. 

  • It also introduces period basis, generation basis, and the various sources of finance. 

  • This includes credit, lease, public deposits, and factoring.


Important Topics Covered in Chapter 8: Sources of Business Finance

  • Meaning, Nature, and Significance of Business Finance

  • Classification of Sources of Funds

  • Sources of Finance


Important Study Material Links for Chapter 8: Sources of Business Finance

S. No

Important Study Material Links for Chapter 8 Sources of Business Finance

1.

Class 11 Sources of Business Finance Important Questions

2.

Class 11 Sources of Business Finance Revision Notes


Chapter 9: MSME and Business Entrepreneurship 

  • The markers and basic features of small businesses are elucidated in Chapter 9. 

  • This chapter is very important as it covers many topics, including the importance of small businesses in rural and urban areas.

  • The problems that could arise are how the government helps rural projects, such as MSME.


Important Topics Covered in Chapter 9: MSME and Business Entrepreneurship 

  • Micro, Small and Medium Enterprises

  • Role of MSME

  • Problems Associated With MSME

  • MSME and Entrepreneurship Development

  • Intellectual Property Rights (IPR)

  • Types of IPs


Important Study Material Links for Chapter 9: MSME and Business Entrepreneurship 

S. No

Important Study Material Links for Chapter 9 MSME and Business Entrepreneurship 

1.

Class 11 MSME and Business Entrepreneurship Important Questions

2.

Class 11 MSME and Business Entrepreneurship Revision Notes


Chapter 10: Internal Trade

  • Students are introduced to the concept of trade within the country and its various characteristics. 

  • The students also learn about retail trade, itinerants, fixed and large-scale retailers, different types of stores and shops, markets, and even vending machines.


Important Topics Covered in Chapter 10: Internal Trade

  • Wholesale Trade

  • Services of Wholesalers

  • Retail Trade

  • Types of Retailing Trade

  • Fixed shop—Large stores


Important Study Material Links for Chapter 10: Internal Trade

S. No 

Important Study Material Links for Chapter 10 Internal Trade

1.

Class 11 Internal Trade Important Questions

2.

Class 11 Internal Trade Revision Notes


Chapter 11: International Business 

  • Chapter 11 touches upon some elementary understanding of international business but does not detail it. 

  • This last chapter discusses the scope and benefits of foreign ventures, joint ventures in an international setup, and India in international trade and business, including the import and export of goods and services.


Important Topics Covered in Chapter 11: International Business 

  • Reason for International Business

  • Benefits of International Business

  • Modes of Entry into International Business

  • Licensing and Franchising

  • Export-Import Procedures and Documentation


Important Study Material Links for Chapter 11: International Business 

S. No

Important Study Material Links for Chapter 11 International Business 

1.

Class 11 International Business Important Questions

2.

Class 11 International Business Revision Notes


Benefits of Referring to Vedantu’s NCERT Solutions for Class 11th Business Studies

Vedantu's NCERT Solutions for Class 11th Business Studies are crucial and provide benefits:


  • Gain a clear understanding of core business concepts like types of businesses, marketing strategies, and financial management with Class 11th Business Studies, ensuring a clear understanding.

  •  Practice answering questions with confidence. Vedantu's solutions for business studies class 11 CBSE follow the NCERT curriculum and provide step-by-step explanations, helping you easily prepare for exams.

  • Vedantu's solutions offer insightful explanations and real-life examples, making learning about business engaging and relevant for business studies class 11 CBSE.

  • Vedantu's solutions are a time-saving resource that lets you focus on understanding, not just finding answers. 

  • Vedantu might offer additional resources like study materials or interactive exercises alongside the solutions for business studies class 11 CBSE, making learning even more fun and effective.


In conclusion, NCERT Solutions for   Commerce Business Studies Class 11 is a valuable resource for students to simplify their understanding of business concepts. By working through the solutions alongside the NCERT textbook, students can solidify their learning of fundamental business principles like forms of organisation, finance, marketing, and social responsibility.


Related Important Links for Commerce Business Studies Class 11

Along with this, students can also download additional study materials provided by Vedantu for Commerce Business Studies Class 11–


FAQs on NCERT Solutions for Class 11 Business Studies 2024-25

1. What is an Effective Method of Preparing for 11th Business Studies NCERT?

For students set out to prepare Class 11 BST, the most methodical approach would be to proceed in a sequential manner, as opposed to preparing in accordance with convenience. In such a manner, a proper flow remains.


For example, in the first chapter of NCERT solutions of Class 11 Business Studies, the basic ideas related to business, its inception, its operations are touched upon. The complex concepts follow eventually, and finally; international trade is discussed. It is inadvisable to start with the final chapter in the beginning.

2. How Does Class 11 Business Studies NCERT PDF Help in Preparing the Subject?

Apart from the fact that subject experts have framed the Business Studies Class 11 NCERT solutions, the presentation of the same makes it extremely easy for students to prepare for the subject.


Not only do the class 11 business studies NCERT solutions use extremely lucid language but also strictly adhere to the CBSE syllabus. Students will be able to comprehend concepts very easily. They will also be able to identify if they are lagging in specific areas.

3. Specify the characteristics of fixed shop retailers according to Chapter 10 of Business Studies Class 11 NCERT Solutions.

Fixed shop retailers maintain a permanent place for their company. They do not move from place to place like itinerant traders. Since they have the greatest resources and operate at a large scale level, they provide greater services to the people and maintain a trustworthy relationship with their customers. Download the PDF of NCERT Solutions from Vedantu free of cost and prepare for your exams for Chapter 10 of Business Studies of Class 11. Practice the given questions regularly to secure a perfect score in the exam.

4. According to Chapter 10 of Business Studies Class 11 Solutions, wholesalers providing warehousing facilities serve what purpose?

The wholesalers provide warehousing space for finished products. They acknowledge the risk of theft and damage by taking full responsibility for the finished goods. Thus, reducing the burden of the manufacturers. Students can make use of the NCERT Solutions provided by the Vedantu to get well versed in Chapter 10 of Business Studies of Class 11. These solutions are prepared by a group of highly experienced staff at Vedantu. Download the NCERT solution at Vedantu for free of cost.

5. What is internal trade according to Chapter 10 of Business Studies Class 11 Solutions?

Internal trade is a process of trading that happens with the boundaries of a nation. They buy and sell the products within the country. Vedantu’s website provides a detailed description of internal trade for Class 11 with solved problems for the students to revise.  Use these solutions to get more insights into Chapter 10 of Business Studies of Class 11. Since the NCERT Solutions are prepared by the subject experts, students will be provided accurate and authentic information. 

6. What are the types of internal trade according to Chapter 10 of Business Studies Class 11 Solutions?

Internal trade is broadly classified into two types:

  • Wholesale trade 

  • Retail trade 

The Vedantu with the help of qualified experts prepared these NCERT Solutions for the benefit of the students. Now they can learn from the comfort of their homes and prepare for their exams. These solutions will assist the students in revision and help them secure a perfect score in the exams.

7. Is Class 11 Business Studies hard?

For some students, Class 11 Business Studies can be challenging, especially if it's a new subject. The workload can seem heavy, and some concepts might require extra learning. However, with dedication and the right approach, it's manageable.

8. How do you score full marks in business studies class 11?

While aiming for a perfect score is great, focus on understanding the concepts thoroughly. Here are some tips:

  • Stay consistent: Regularly revise and practice questions.

  • Clear your doubts: Don't hesitate to ask your teacher or classmates for help.

  • Practice answer writing: Use relevant terms and structure your answers well.

  • Solve previous year's question papers: This helps identify important topics and exam patterns.

9. How to revise business studies?

  • Make concise notes: Summarise key points and use diagrams for better understanding.

  • Form a study group: Discussing concepts with classmates can solidify your knowledge.

  • Use online resources: Many websites offer revision notes, practice questions, and video explanations.

  • Focus on understanding, not memorising: Being able to explain concepts is crucial.

10. What is the full form of BST in class 11?

There isn't a common abbreviation for "Business Studies" used specifically in Class 11. It's usually referred to in full.

11. What are the deleted topics of business studies class 11?

The syllabus for Class 11 Business Studies can change slightly from year to year. It's best to check with your teacher or refer to official board updates for the latest information on deleted topics.

12. What is the concept of business class 11?

Class 11 Business Studies introduces you to the fundamental concepts of running a business. You'll learn about different types of businesses, their functions, and the environment they operate in. It covers forms of ownership, finance, marketing, and social responsibility.

13. What is sole proprietorship class 11?

A sole proprietorship is a business owned and controlled by one person. It's the simplest form of business ownership, but it also comes with limitations like unlimited liability, where the owner's assets are at risk.

14. What are the multiple objectives of business class 11?

Businesses don't just aim for profit. They also have social and environmental responsibilities. Class 11 Business Studies explores these multiple objectives, including:

  • Profit: Earning a return on investment.

  • Growth: Expanding the business and increasing market share.

  • Social Responsibility: Contributing positively to society and the environment.