CBSE Class 11 Business Studies Syllabus 2023-24
Here we provide the latest CBSE Class 11 Business Studies Syllabus 2023 24. You can also Download the new and revised Class 11th Business Studies Syllabus PDF. The present revised syllabus of class 11 Business Studies has been designed in accordance with National Curriculum Framework 2005.
Business Studies is a scoring subject but needs a lot of practice and conceptual understanding of the topics. CBSE Business Studies syllabus class 11 helps you in understanding the important topics. We advise you to read the CBSE class 11 Business Studies syllabus 2022 23 carefully. Class 11th Business Studies syllabus also helps you in the preparation for competitive exams like IIT, AIEEE etc.
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Class 11 Business Studies Syllabus 2023- 24 – Course Structure
Before you read the Class 11th Business Studies syllabus you have to understand the course structure to complete the BST Class 11 Syllabus 2023 24.
| Units | Periods | Marks | |
| 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 |
| 4 | Business Services | 18 | |
| 5 | Emerging Modes of Business | 10 | 10 |
| 6 | Social Responsibility of Business and Business Ethics | 12 | |
| Total | 100 | 40 | |
| 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 | |
| Total | 90 | 40 | |
| Project Work (One) | 30 | 20 |
CBSE Syllabus of Class 11 Business Studies 2023 24
The detailed and chapter-wise Business Studies Class 11 Syllabus 2023 24 is given below. You are advised to download the Class 11 BST Syllabus 2023 24 pdf.
Part A: Foundation of Business
The 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 |
| Appreciate the economic and social objectives of the business. ·Examine the role of profit in business. | 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 the 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. |
| Understand the concept of risk as a special characteristic of the business. Examine the nature and causes of business risks | 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 |
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 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 partnerships based on duration and based on 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 cooperatives. |
| Choice of the form of business organization | 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. |
| Company – Concept, merits and limitations; Types: Private, Public and one Person Company – Concept | Formation of company – stages, important documents to be used 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, StatutoryCorporations and Government Company. | Forms of public sector enterprises: Departmental Undertakings, StatutoryCorporations and Government Companies. |
| Global Enterprises – Feature. Public private partnership – concept | Global Enterprises – Feature. Public-private partnership – concept |
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 different types of bank accounts. |
| Banking services with particular reference to Bank Draft, Bank Overdraft, and Cash credit. E-Banking meaning, Types of digital payments | Banking services with particular reference to Bank Draft, Bank Overdraft, Cash credit. E-Banking meaning, Types of digital payments |
| Insurance – Principles. Types – life, health, fire and marine insurance – concept | Banking services with particular reference to Bank Draft, Bank Overdraft, and Cash credit. E-Banking means, Types of digital payments, and types of insurance-life, health, fire, and 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 | Responsibility towards owners, investors, consumers, employees, government and community. |
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 | Borrowed funds: debentures and bonds, loans from financial institutions and commercial banks, public deposits, trade credit, Inter Corporate Deposits (ICD). |
| Borrowed funds: debentures and bonds, loans from the 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
| Small-scale enterprise as defined by MSMED Act 2006 (Micro, Small and Medium Enterprise Development Act) | 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 |
| Entrepreneurship Development (ED): Concept, Characteristics and Need. Process of Entrepreneurship Development: Start-up India Scheme, ways to fundstart-up. Intellectual Property Rights and Entrepreneurship | 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 | State the meaning and types of internal trade.· Appreciate the services of wholesalers and retailers. |
| Internal trade – meaning and types of services rendered by a wholesaler and a retailer | Explain the different types of retail trade. |
| Large scale retailers-Departmental stores, chain stores – concept | Types of retail-trade-Itinerant and small-scale fixed shops retailers |
| 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) | State the meaning of the World Trade Organization. Discuss the objectives of WorldTrade Organization in promoting international trade. |
| World Trade Organization (WTO) meaning and objectives | State the meaning of the World Trade Organization. Discuss the objectives of World Trade Organization in promoting international trade. |
Unit 11: Project Work
As per CBSE guidelines.
Class 11th Business Studies Syllabus- Question Paper Design
The question Paper design for CBSE Class 11 BST Syllabus 2023-24 is given below
Business Studies Class 11 Syllabus 2023 24 – Objective
The objective of the CBSE Class 11 Business Studies Syllabus is given below:
- To inculcate business attitude and develop skills among students to pursue higher education, the world of work including self-employment.
- To develop students with an understanding of the processes of business and its environment;
- To acquaint students with the dynamic nature and inter-dependent aspects of business;
- To develop an interest in the theory and practice of business, trade and industry;
- To familiarize students with the theoretical foundations of the process of organizing and managing the operations of a business firm;
- To help students appreciate the economic and social significance of business activity and the social cost and benefits arising therefrom;
- To acquaint students with the practice of managing the operations and resources of business;
- To enable students to act more effectively and responsibly as consumers, employers, employees and citizens