CBSE Class 11 Business Studies Syllabus 2024-25: Updated Curriculum

Part

Units

Periods

Marks

A

Foundations of Business

40

1. Nature and Purpose of Business

18

16

2. Forms of Business Organisations

24

3

3. Public, Private and Global Enterprises

18

14

4. Business Services

18

5

5. Emerging Modes of Business

10

10

6. Social Responsibility of Business and Business Ethics

12

B

Finance and Trade

40

7. Sources of Business Finance

30

20

8. Small Business

16

9

9. Internal Trade

30

20

10. International Business

14

Project Work (One)

20

Total

180

100

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.  

Unit 

Chapter

Deleted Topics

ii

Forms of Business Organisations

Choice of the form of business organisation

iii

Public, Private and Global Enterprises

Global Enterprises – Feature, Joint ventures, Public-private partnership – concept

iv

Business Services

Mail, Registered Post, Parcel, Speed Post, Courier – meaning

v

Emerging Modes of Business

Business Process Outsourcing (BPO): Concept, need and scope

vi

Social Responsibility of Business and Business Ethics

Social Responsibility of Business and Business Ethics: Business Ethics – Concept and Elements

vii

Sources of Business Finance

Borrowed funds: Inter Corporate Deposits (ICD) – Concept

viii

Small Business and Enterprises

Types of retail-trade-Itinerant and small-scale fixed shops retailers; GST (Goods and Services Tax): Concept

ix

Internal Trade

Export trade – Meaning and procedure; Import Trade – Meaning and procedure; Documents involved in International Trade: indent, letter of credit, shipping order, shipping bills, mate’s receipt (DA/DP); World Trade Organization (WTO) meaning and objectives.

S.No

Typology of Questions

Marks

Percentage

1

Remembering and Understanding

Exhibit memory of previously learned material by recalling facts, terms, basic concepts, and answers. Demonstrate understanding of facts and ideas by organising, comparing, translating, interpreting, giving descriptions, and stating main ideas

44

55%

2

Applying

Solve problems in new situations by applying acquired knowledge, facts, techniques, and rules in a different way

19

23.75%

3

Analysing, Evaluating, and Creating

Examine and break information into parts by identifying motives or causes. Make inferences and find evidence to support generalisations. Present and defend opinions by making judgments about information, validity of ideas, or quality of work based on a set of criteria. Compile information together in a different way by combining elements in a new pattern or proposing alternative solutions.

17

21.25%

Total

80

100%

S. No

Related Topic Pages for Class 11 Business Studies

1.

Class 11 Business Studies Industry

2.

Class 11 Business Studies Finance 

3.

Class 11 Business Studies Entrepreneurship

4.

Class 11 Business Studies Business Organisation

S. No

Related Study Materials Links for Class 11 Business Studies

1.

CBSE Class 11 Business Studies NCERT  Books

2.

CBSE Class 11 Business Studies NCERT Solutions

3.

CBSE Class 11 Business Studies NCERT Important Questions

4.

CBSE Class 11 Business Studies NCERT Revision Notes

5.

CBSE Class 11 Business Studies Sample Papers