Business Studies (BS 1121) - Grade 11

Unit Area Covered Marks
Part A Foundations of Business
Unit 1 Nature and Purpose of Business 10 Read more
Unit 2 Forms of Business Organisations 10 Read more
Unit 3 Public, Private and Global Enterprises 09 Read more
Unit 4 Business Services 09 Read more
Unit 5 Emerging Modes of Business 06 Read more
Unit 6 Social Responsibility of Business and Business Ethics 06 Read more
Part B Finance and Trade
Unit 7 Sources of Business Finance 10 Read more
Unit 8 Small Business 10 Read more
Unit 9 Internal Trade 10 Read more
Unit 10 International Business 10 Read more
Unit 11 Project Work 10 Read more
Total Marks 100

Part A : Foundations of Business

Unit 1: Nature and Purpose of Business

Business -Concept

  • Concept includes meaning and features
  • 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 limitation 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 in formation 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 multiple option deposit account
  • 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 Service-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 of 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), AmericanDepository 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 (ADR), International Depository Receipts (IDR) - Meaning
  • Borrowed funds: debentures and bonds, loan from 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 with special reference to rural areas
  • 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 small scale fixed shops 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: Performa 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 (EOE)

Unit 10: International Trade

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

Unit 11: Project Work

As per CBSE guidelines

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