Business studies class 11 syllabus & Recommended books 2017-2018 session

Hi Friends, today we are going to discuss you about CBSE business studies class 11 syllabus with all the best books recommended to score great in this particular subject.The subject of Business Studies will prepare students to analyze, manage and evaluate to changes which affect business.

As you know very well that Central Board of Secondary Education (CBSE) has its own curriculum and syllabus designed for the students and they hold the supreme authority to change it further for the benefit of students. So it is always a wise decision to keep an eye on what happening around with the subject you are going to learn. This year CBSE made little bit changes in class 11 Business studies syllabus.

Best  Books for Business studies class 11th syllabus

For Business studies of class XI, one can opt from the list of books listed below.

  • Business Studies for class 11 By Subhash Dey,(Geeta Publishing House)
  • NCERT Business studies book for class 11( NCERT Publication)
  • Business studies for class 11 by Sandeep Garg

Overview of CBSE Business studies Class 11 Syllabus, Chapter wise Business studies syllabus for class 11, Class XI Business studies syllabus for session 2017-2018.

CBSE business studies class 11 syllabus’ chapter details in brief

Now Let us have a brief look at the salient features asked in CBSE Business studies class 11 syllabus.

Part A: Foundation of Business

Unit 1: Nature and Purpose of Business

  • Business-Concept
  • Business, profession, and employment-Concept
  • Objectives of business
  • Classification of business activities – Industry and Commerce
  • Industry-types: primary, secondary, tertiary- Meaning and Subgroups
  • Commerce-trade: (types-internal, external; wholesale and retail) and auxiliaries to trade; (banking, insurance, transportation, warehousing, communication, and advertising) – meaning
  • Business risk-Concept

Unit 2: Forms of Business organizations

  • Sole Proprietorship-Concept, merits, and limitations.
  • Partnership-Concept, types, merits and limitations of partnership, registration of a partnership firm, partnership deed. Types of partners
  • Hindu Undivided Family Business: Concept
  • Cooperative Societies-Concept, types, merits, and limitations.
  • Company-Concept, merits, and limitations; Types: Private and Public-Concept
  • Formation of company-stages, important documents to be used information of a company.
  • Choice of form of business organization

Unit 3: Public, Private and Global Enterprises

  • Public sector and private sector enterprises – concept
  • Forms of public sector enterprises: Departmental Undertakings, Statutory Corporations, and Government Company.
  • Changing role of public sector enterprises
  • Global enterprises, Joint ventures, Public-private partnership – concept

Unit 4: Business Services

  • Business services and its types-Meaning
  • Banking-Types of Bank accounts-savings, current, recurring, fixed deposit, and the multiple option deposit accounts.
  • Banking services with particular reference to bank Draft, Banker’s cheque, Real Time Gross Settlement, National Electronic Funds Transfer, Bank Overdraft, Cash Credit and e-banking meaning
  • Insurance-Principles, Types-life, health, fire and marine insurance-concept
  • Postal Services-Mail, Registered Post, Parcel, Speed Post, Courier-meaning.
  • Telecom Services-Cellular Mobile services, Radio Paging services, Fixed line services, Castle services, VSAT services, DTH Services Meaning

Unit 5: Emerging Modes of Business

  • E-business-scope and benefits, resources required for successful e-business implementation, online transaction, payment mechanism, security and safety of business transactions
  • Outsourcing-Concept: Business Process Outsourcing (BPO) and Knowledge Process Outsourcing (KPO)- Concept, need and Scope
  • Smart cards and ATM’s meaning and utility

Unit 6: Social Responsibility of Business and Business Ethics

  • Concept of social responsibility
  • Case for social responsibility
  • Responsibility towards owners, investors, consumers, employees, government and community.
  • Environment protection and business-Meaning and role
  • Business Ethics-Concept and Elements

Part B: Finance and Trade

Unit 7: Sources of Business Finance

  • Concept of business finance
  • Owners’ funds- equity shares, preferences, share, Global Depository Receipt (GDR), American Depository Receipt (ADR), International Depository Receipt (IDR) and retained earnings
  • Equity shares, preference shares, retained earnings meaning, merits and limitations Global Depository Receipts (GDR) American Depository Receipts (GDR), American Depository Receipts (ADR), International Depository Receipts(IDR)-Meaning
  • Borrowed funds: debentures and bonds, loan from the financial institution, loans from commercial banks, public deposits, trade credit, Inter Corporate Deposits (ICD).

Unit 8: Small Business

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

Unit 9: Internal Trade

  • Internal trade – meaning and types services rendered by a wholesaler and a retailer
  • Types of retail-trade-Itinerant and fixed shop retailers
  • Large scale retailers-Departmental stores, chain stores, mail order business – concept
  • Concept of automatic vending machine
  • Chambers of Commerce and Industry: Basic functions
  • Main documentS Used in internal trade: Proforma invoice, invoice, debit note, credit note. Lorry Receipt (LR) and Railways Receipt (RR).
  • Terms of Trade: Cash on Delivery (COD), Free on Board (FOB), Cost, insurance and Freight (CIF), Errors and Omissions Excepted (E&OE).

Unit 10: International Trade

  • International trade – concept
  • International trade: Advantages and disadvantages of international trade
  • Export trade- Meaning, objective and procedure of Export Trade
  • Import Trade- Meaning, objective and procedure; Meaning and functions of import trade; purpose and procedure.
  • Documents involved in International Trade; documents involved in the export trade, intent, letter of credit, shipping order, shipping bills, mate’s receipt(DA/DP), a specimen of the documents, importance.
  • World Trade Organization (WTO) meaning and objectives

Unit 11: Project Work

Project work on Business studies will be based on the guidelines provided by CBSE. Please Visit the CBSE official site to know about the project.

Units Periods Marks
Part A:   Foundations of Business
1. Nature and Purpose of Business 22  

20

2. Forms of Business Organisations 26
3. Public, Private and Global Enterprises 22  

18

4. Business Services 22
5. Emerging Modes of Business 12  

12

6. Social Responsibility of Business and Business Ethics 16
  120 50
Part B Finance and Trade
7. Sources of Business Finance 30  

20

8. Small Business 16
9. Internal Trade 30  

20

10. International Business 14
11. Project Work 30 10
    120 50
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