CBSE Revised Syllabus for Class 11 Business Studies 2024-25

Units

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 of Business and Business Ethics 

Total

40

Part  B

Finance and Trade

7

Sources of Business Finance

20

8

Small Business 

9

Internal Trade

20

10

International Business

Total

40

Part  C

Project Work (One)

20

Content

After going through this unit, the student/ learner would be able to:

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

• To acquaint the History of Trade and Commerce in India

Business – meaning and characteristics

• Understand the meaning of business with special reference to economic and non- economic activities.

• Discuss the characteristics of business.

Objectives of 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 subgroups

• 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.

Sole Proprietorship-Concept, merits and limitations.

• List the different forms of business organizations and understand their meaning.

• Identify and explain the concept, merits and limitations of Sole Proprietorship.

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

• 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: Concept

• Understand the concept of Hindu Undivided Family Business.

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

• Identify and explain the concept, merits and limitations.

• Understand the concept of private and public companies and one person company.

• Understand the meaning of one person company.

• Distinguish between a private company and a public company.

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

• Highlight the stages in the formation of a company.

• Discuss the important documents used in the various stages in the formation of a company.

Choice of form of business organization 

• Distinguish between the various forms of business organizations.  

• Explain the factors that influence the choice of a suitable form of business organization.  

Public sector and private sector enterprises – Concept

• Develop an understanding of Public sector and private sector enterprises

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

• Identify and explain the features, merits and limitations of different forms of public sector enterprises

Global Enterprises – Feature. Public private partnership – concept 

• Develop an understanding of global enterprises, public private partnership by studying their meaning and features. 

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

account

• Understand the meaning and types of business services.

• Develop an understanding of different types of bank accounts.

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

• Develop an understanding of the different services provided by banks

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

• Understand Utmost Good Faith, Insurable Interest, Indemnity, Contribution, Doctrine of Subrogation and Causa Proxima as principles of insurance

• Discuss different types of insurance-life, health, fire, marine insurance

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

• Understand the utility of different telecom services  

E-business: concept, scope and benefits

• Give the meaning of e-business.

• Discuss the scope of e-business.

• Appreciate the benefits of e-business

• Distinguish e-business from traditional business.

Concept of social responsibility

• 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 social responsibilities towards different interest groups.

Role of business in environment protection

• 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. 

Business finance: Concept and Importance

• State the meaning, nature and importance of business finance.

Owners’ funds- equity shares, preferences share, retained earnings, Global Depository receipt (GDR), American Depository Receipt (ADR) and International Depository Receipt (IDR) – concept

• Classify the various sources of funds into owners’ funds.

• State the meaning of owners’ funds.

• Understand the meaning of Global Depository receipts, American Depository Receipts and International Depository Receipts.

Borrowed funds: debentures and bonds, loan from financial institution and commercial banks, public deposits, trade credit

• State the meaning of borrowed funds.

• Discuss the concept of debentures, bonds, loans from financial institutions and commercial banks ,public deposits&Trade credit

• Distinguish between owners’ funds and borrowed funds.

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

• Understand the concept and need of Entrepreneurship Development (ED), Intellectual Property Rights

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

• Understand the meaning of small business

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

• Discuss the role of small scale business in India 

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  

• Appreciate the various Government schemes and agencies for development of small scale industries. NSIC and DIC with special reference to rural, backward area

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

• 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 retailers  

• Explain the different types of retail trade.  

Large scale retailers-Departmental stores, chain stores - concept

• Highlight the distinctive features of departmental stores, chain stores and mail order business.

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

• Understand the concept of GST 

International trade: concept and benefits

• Understand the concept of international trade.  

• Describe the scope of international trade to the nation and business firms.  

Export trade – Meaning and procedure

• State the meaning and objectives of export trade.  

• Explain the important steps involved in executing export trade.

Import Trade - Meaning and procedure

• State the meaning and objectives of import trade.  

• Discuss the important steps involved in executing import trade.

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

• 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 objectives 

• State the meaning of World Trade Organization.  

• Discuss the objectives of World Trade Organization in promoting international trade.