NCERT Syllabus for Class 11(commerce) Business Studies 2020-21

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

30

20

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.

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, 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.

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

Multinational Company – Feature. Joint ventures, Public private partnership – concept

• Develop an understanding of multinational company, joint ventures and 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.

• 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

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.

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

• Understand the concept of outsourcing.

• Examine the scope of outsourcing, appreciate the need of outsourcing.

• Discuss the meaning of Business Process Outsourcing and

Knowledge Process Outsourcing

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.

Concept of business finance

• 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, 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.

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.

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.

SN

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 organizing, comparing, translating, interpreting, giving descriptions, and stating main ideas

44

55%

2

Applying: Solve problems to 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 generalizations.

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%