(Concept includes meaning and features)

Unit 1 Nature and Purpose of Business + Unit 2 Forms of Business Organisation = 16 Marks

 

Unit 1: Evolution and Fundamentals of Business

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.

Meaning of business with special reference to economic and non-economic activities. Characteristics of business. Business, profession and employment- meaning, features and difference. Economic and social objectives of business. Role of profit in business.

Broad categories 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 and causes of business risks.

Unit 2: Forms of Business organizations

Sole Proprietorship-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–active, sleeping, secret, nominal and partner by estoppel.

Hindu Undivided Family Business: Concept,

Cooperative Societies-Concept, merits, and limitations, consumers, producers, marketing, farmers, credit and housing cooperatives

Company - Concept, merits and limitations; Types: Private, Public and One Person Company – Concept, Difference between a private company and a public company.

Formation of company - stages, important documents to be used in formation of a company,

Distinguish between the various forms of business organizations. Factors that influence the choice of a suitable form of business organization.

 

Unit 3 Public, Private and Global Enterprises + Unit 4 Business Services = 14 Marks

 

Unit 3: Public, Private and Global Enterprises

Public sector and private sector enterprises – Concept, Forms of public sector enterprises: Identification, features, merits and limitations of different forms of public sector enterprises

Global Enterprises – Feature, Joint venture, 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. 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, Utmost Good Faith, Insurable Interest, Indemnity, Contribution, Doctrine of Subrogation and Causa Proxima as principles of insurance.

Postal Service - Mail, Registered Post, Parcel, Speed Post, Courier – meaning.

 

Unit 5 Emerging Modes of Business + Unit 6 Social Responsibility of Business ...= 10 Marks

 

Unit 5: Emerging Modes of Business

E - business: concept, scope and benefits, Difference between e-business and traditional business.

Unit 6: Social Responsibility of Business and Business Ethics

Concept of social responsibility, Case for social responsibility, Responsibility towards owners, investors, consumers, employees, government and community.

Role of business in environment protection, Business Ethics - Concept and Elements.

 

Unit 7 Sources of Business Finance + Unit 8 Small Business = 20 Marks

 

Unit 7: Sources of Business Finance

Meaning, nature and importance of business finance.

Owners’ funds- equity shares, preferences share, retained earnings

Borrowed funds: debentures and bonds, loan from financial institution and commercial banks, public deposits, trade credit, Inter Corporate Deposits (ICD).

Difference between owners’ funds and borrowed funds.

Unit 8: Small Business and Enterprises

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

Small scale enterprise as defined by MSMED Act 2006 (Micro, Small and Medium Enterprise Development Act)

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 + Unit 10 International Business = 20 Marks

 

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. GST (Goods and Services Tax): Concept and key-features

Unit 10: International Trade

International trade: concept and benefits, scope of international trade to the nation and business firms.

Export trade – Meaning and procedure.

Import Trade - Meaning and procedure.

Documents involved in International Trade; indent, letter of credit, shipping order, shipping bills, mate’s receipt (DA/DP)

World Trade Organization (WTO) meaning and objectives

 

Unit 11: Project Work = 20 Marks

 

C.B.S.E.Class 11th syllabus for Business Studies

This syllabus contains guidelines for project work also.