BUSINESs STUDIES (Code No.

054)
CLASS-XI (2024-25)
Theory: 80 Marks 3 Hours
Project: 20 Marks
|Units Periods Marks
Part A Foundations of Business
1 Nature and Purpose of Business 18 16
Forms of Business Organisations 24
3 Public, Private and Global Enterprises 18 4
4 ss Services 18
5
6
Businn Modes of Business
Social Responsibility of Business and
10
12
10

Business Ethics
Total 100 40
Part B Finance and Trade
7 Sources of Business Finance 30 20
8 Small Business 16
Internal Trade 30 20
10 International Business 14
Total 90 40

Project Work (One) 30 20

Part A: Foundation of Business

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: " To acquaint the History of Trade
Indigenous Banking System, Rise of and Commerce in India
Intermediaries, Transport, Trading
Communities: Merchant Corporations,
Major Trade Centres, Major Imports and
Exports, Position of lndian Sub-Continent
e World Economy
Understand the meaning of
Business - meaning and characteristics business with special reference to
economic and non-economic
activities.
Discuss the characteristics of
business.
Business, profession and employment - Understand the concept of
Concept 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 Understand the broad categories of
Industry and Commerce business activities- industry and
Commerce.
Ind syYpes: primary, secondary, tertiary Describe the various types of
gand subgroups industries.
Commerce-trade: (types-internal, external; Discuss the meaning of commerce,
wholesale and retail) and auxiliaries to trade and auxiliaries to trade.
trade; (banking, insurance, transportation, Discuss the meaning of different
warehousing, communication, and types of trade and auxiliaries to
advertising) meaning trade.
Examine the role of commerce
trade and auxiliaries to trade.
Understand the concept of risk as a
Business risk-Concept special characteristic of business.
" Examine the nature and causes of
business risks.

Unit 2: Forms of Business organizations

Sole Proprietorship-Concept, merits and List the different forms of business
limitations organizations and understand their
meaning.
Identify and explain the concept,
merits and limitations of Sole
Proprietorship.
Partnership-Concept, types, merits and ldentify and explain the concept,
limitation of partnership, registration of a merits and Ilimitations of a
partnership firm, partnership deed. Types Partnership firrm
of partners 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: Understand the concept of Hindu
Concept 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.S, marketing,
farmers, cre andIhousing
ho co
operatives.
 Company - Concept, merits and imitations; " ldentify and explain the concept,
Types: Private, Public and One Person merits and limitations of private and
Company - Concept public companies.
Understand the meaning of one
person company.
Distinguish between a private
company and a public company.
Formation of company - stages, important " Highlight the stages in the
documents to be used in formation of a formation of a company.
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.
Unit 3: Public, Private and Global Enterprises
Public sector and private sector Develop an understanding of Public
enterprises - Concept sector and private sector
enterprises
Forms of public sector enterprises: Identify and explain the features,
Departmental Undertakings, Statutory merits and limitations of different
Corporations and Government Company forms of public sector enterprises
Global Enterprises - Feature " Develop an understanding of global
Joint venture enterprises, public private
Public private partnership - concept partnership by studying their
meaning and features.
Unit 4: Business Services
Business services -meaning and types. " Understand the meaning and types
Banking: Types of bank accounts of business services.
savings, current, recurring, fixed deposit Discuss the mmeaning and types of
and multiple option deposit account BusinesSs Service Banking
" Develop an understanding of
difference types of bank account.
Banking services with particular reference " Develop an understanding of the
to Bank Draft, Bank Overdraft, Cash credit. different services provided by
E-Banking: meaning, types of igital banks
payments
|Insurance- Principles. Types -life, health, Recall the concept of insurance
fire and marine insurance-concept 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, " Understand the utility of different
|Parcel, Speed Post, Courier -meaning 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

responsitbility.
Case of social responsibility Examine the case for social
responsibility.
Responsibility towards owners, investors, Identify the social responsibility
consumers, employees, government and towards different interest groups.
Community
Role of business in environment protection " Appreciate the role of business in
environment protection.
Business Ethics- Concept and Elements State the concept of business

" Describe the elements of business

ethics
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 Classify the various sources of
share, retained earnings funds into owners' funds.
State the meaning of owners'
funds.
Borrowed funds: debentures and bonds, . State the meaning of borrowed
loan from financial institution and funds.
commercial banks, public deposits, trade Discuss the concept of debentures,
credit, Inter Corporate Deposits (|CD)
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
Entrepreneurship Development (ED): Understand the concept of
Concept, Characteristics and Need. Entrepreneurship Development
Process of Entrepreneurship Development: (ED), Intellectual Property Rights
Start-up India Scheme, ways to fund
start-up. Intellectual Property Rights and
Entrepreneurship
Small scale enterprise as defined by Understand the meaning of smal
MSMED Act 2006 (Micro, Small and business
Medium Enterprise Development Act)
Role of snmall business in India with special Discuss the role of small business
reference to rural areas in India
Government schemes and agencies for Appreciate the various Government
small scale industries: National Small schemes and agencies for
Industries Corporation (NSIC) and District development of small scale
Industrial Centre (DIC) with special industries. NSIC and DIC with
reference to rural, backward areas special reference to rural, backward
area.

Unit 9: Internal Trade

Internal trade - meaning and types State the meaning and types of
services rendered by a wholesaler and a internal trade.
retailer
Appreciate the services of
wholesalers and retailers.
Types of retail-trade-Itinerant and small " Explain the different types of retail
scale fixed shops retailers trade.

Large scale retailers-Departmental stores, Highlight the distinctive features of

chain stores - concept departmental stores, chain stores
and mail order business.
GST (GOods and Services Tax): Concept Understand the concept of GST
and key-features

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 expot 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
Documents involved in International Trade; involved in executing import trade.
indent, letter of credit, shipping order, Develop an understanding of the
various documents used in
shipping bills, mate's receipt (DA/DP) international trade.
ldentify 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 Orgarnization (WTO) meaning State the meaning of World Trade
and objectives
Organization.
Discuss the objectives of World
Trade Organization in promoting
international trade.
Unit 11: Project Work
As per CBSE guidelines.