Candidates who are desirous of choosing Commerce as a subject in their coming future as well should focus on preparation of Business Studies subject. The first thing that they should know before starting their preparation is the detailed syllabus of Business Studies. The syllabus in Business Studies trains the students to analyze, manage, evaluate and respond to changes that affect business. In this article, the candidates can find complete information related to the CBSE Class 11 Business Studies Syllabus 2023-24 based on revised curriculum.
Business Studies Syllabus for CBSE Class 11 2023-24
Details of the class 11 syllabus of Business studies including the important topics, periods assigned, marks allotted, etc have been provided below. Candidates should carefully check the whole syllabus carefully and then prepare for their exams in a strategized manner.
|Part A||Foundations of Business|
|1||Nature and Purpose of Business||18||16|
|2||Forms of Business Organisations||24|
|3||Public, Private and Global Enterprises||18||14|
|5||Emerging Modes of Business||10||10|
|6||Social Responsibility of Business and Business Ethics||12|
|Part B||Finance and Trade|
|7||Sources of Business Finance||30||20|
|Project Work (One)||30||20|
Part A: Foundation of Business
Concept includes meaning and features
Unit 1: Evolution and Fundamentals of Business
|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 Centres, 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.
|Business, profession and employment- Concept||· Understand the concept of business, profession and employment.
· Differentiate between business, profession and employment.
|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.
|· 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-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
|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, 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 of private and public companies.
· 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 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.
Unit 3: Public, Private and Global Enterprises
|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 Company.
|· 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.
Unit 4: Business Services
|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.
· Discuss the meaning and types of Business service Banking
· Develop an understanding of difference types of bank account.
|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||· 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 Service – Mail, Registered Post,
Parcel, Speed Post, Courier – meaning
|· Understand the utility of different telecom services|
Unit 5: Emerging Modes of Business
|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.
Unit 6: Social Responsibility of Business and Business Ethics
|Concept of social responsibility||· State the concept of social responsibility.|
|Case of 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.|
|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.
Part B: Finance and Trade
Unit 7: Sources of Business Finance
|Concept of business finance||· State the meaning, nature and importance of business finance.|
|Owners’ funds- equity shares, preferences share, retained earnings||· Classify the various sources of funds into owners’ funds.
· State the meaning of owners’ funds.
|Borrowed funds: debentures and bonds, loan from financial institution and commercial banks, public deposits, trade credit, Inter Corporate Deposits (ICD).||· State the meaning of borrowed funds.
· Discuss the concept of debentures, bonds, loans from financial institutions and commercial banks, Trade credit and inter corporate deposits.
· Distinguish between owners’ funds and borrowed funds.
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
|· Understand the concept 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 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.
Unit 9: Internal Trade
|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|
Unit 10: International Trade
|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.
Unit 11: Project Work
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