CBSE Syllabus | NCERT Syllabus | Business Studies Class 11 NCERT Syllabus


Semester I
Foundations of Business

Semester II
Corporate Organisation, Finance and Trade

Semester I
Foundations of Business

Unit I:Nature and Purpose of Business

  • Concept and characteristics of business.
  • Business, profession and employment – distinctive features.
  • Objectives of business – economic and social, role of profit in business.
  • Classification of business activities: Industry and Commerce.
  • Industry – types: primary, secondary, tertiary.
  • Commerce: Trade and Auxiliaries.
  • Business risks – nature and causes.

Unit II: Forms of Business Organisation

  • Sole Proprietorship; Joint Hindu Family Business – meaning, features, merits and limitations.
  • Partnership – meaning, types, registration, merits, limitations, types of partners.
  • Cooperative Societies – types, merits and limitations.
  • Company: Private Ltd., Public Ltd – merits, limitations.
  • Choice of form of business organisations.
  • Starting a business – Basic factors.

Unit III: Private, Public and Global Enterprises

  • Private Sector and Public Sector.
  • Forms of Organising public sector enterprises:
    – Departmental Undertaking
    – Statutory Corporation
    – Government Company
  • Changing role of public sector.
  • Global Enterprises (Multinational Companies): meaning and features,
  • Joint ventures — meaning, benefits.

Unit IV: Business Services

  • Nature and types of Business services — Banking, Insurance, Transportation, Warehousing, Communication.
  • Banking — types of Banks, Functions of Commercial banks, E-banking.
  • Insurance: principles, types: life, fire and marine.
  • Postal and Telecom services.
  • Warehousing: types and functions.

Unit V: Emerging Modes of Business

  • E-Business — Meaning, scope and benefits, Resources required for successful e-business implementation, On-line transactions, payment mechanism, security and safety of business transactions.
  • Outsourcing — concept, need and scope.

Unit VI: Social Responsibility of Business and Business Ethics

  • Concept of social responsibility;
  • Case for social responsibility;
  • Responsibility towards different interest groups: owners, investors, employees, consumers, government, community and public in general;
  • Business and environmental protection;
  • Business ethics: concept and elements.

Semester II
Corporate Oganisation, Finance and Trade

Unit VII: Formation of a Company

Stages in the formation of a company:

  • Promotion,
  • Incorporation, and
  • Commencement of business.

Unit VIII: Sources of Business Finance

  • Nature and significance
  • Financial requirements and sources: owners funds and borrowed funds
  • Methods of raising Finance:
    – Equity and Preference shares
    – Debentures and Bonds
    – Retained profits
    – Public deposits
    – Loan from Commercial Banks
    – Loan from Financial Institution
    – Trade Credit
    – Discounting of Bills of Exchange
    – Global Depository Receipt, American Depository Receipt

Unit IX: Small Business

  • Small Scale Industry; Tiny Sector; cottage and rural industry;
  • Role of small business in rural India;
  • Problems of small business in India.
  • Government Assistance and Special Schemes for Industries in rural, backward and hilly areas.

Unit X: Internal Trade

  • Meaning and types of internal trade: wholesale and retail;
  • Services of a wholesaler and a retailer.
  • Types of Retail Trade:
    – Itinerant retailers and fixed shops.
    – Departmental store, super market, malls, chain store, mail order business, consumer’s cooperative store
    – Automatic Vending Machine
  • Role of Chambers of Commerce and Industry in promotion of internal trade.

Unit XI: International Business

  • Nature, Importance, scope and complexities involved in International Business;
  • Basic information about ways of entering into International Business;
  • Contract manufacturing; licensing; franchising; Joint ventures and Setting up Wholly Owned Subsidies;
  • Export-Import procedures and Documentation;
  • Foreign Trade Promotion: Organisational Support and Incentives; Nature and Importance of Export Processing Zone/Special Economic Zones;
  • International Trade Institutions and Agreement: WTO, UNCTAD, World Bank/IMF

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