CBSE class 11 Business Studies New Syllabus 2018-19

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CBSE class 11 Business Studies New Syllabus 2018-19 in PDF format for free download. Business Studies New syllabus for 2018 2019 class 11 CBSE is now available in myCBSEguide app. The curriculum for March 2019 exams is designed by CBSE, New Delhi as per NCERT text books for the session 2018-19.

Download CBSE class 11 Business Studies New Syllabus 2018-19

CBSE class 11 Business Studies New Syllabus 2018-19

Rationale

The courses in Business Studies and Accountancy are introduced at + 2 stage of Senior Secondary Education as formal commerce education is provided after first ten years of schooling. Therefore, it becomes necessary that instructions in these subjects are given in such a manner that students have a good understanding of the principles and practices bearing in business (trade and industry) as well as their relationship with the society.

Business is a dynamic process that brings together technology, natural resources and human initiative in a constantly changing global environment. To understand the framework in which a business operates, a detailed study of the organisation and management of business processes and its interaction with the environment is required. Globalisation has changed the way organizations transact their business.

Information Technology is becoming a part of business operations in more and more organisations. Computerised systems are fast replacing other systems. E-business and other related concepts are picking up fast which need to be emphasized in the curriculum.

The course in Business Studies prepares students to analyse, manage, evaluate and respond to changes which affect business. It provides a way of looking at and interacting with the business environment. It recognizes the fact that business influences and is influenced by social, political, legal and economic forces.

It allows students to appreciate that business is an integral component of society and develops an understanding of many social and ethical issues.

Therefore, to acquire basic knowledge of the business world, a course in Business Studies would be useful. It also informs students of a range of study and work options and bridges the gap between school and work.

Objectives:

  • 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 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 there from;
  • 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;
  • To develop a business attitude and skills in students.
  • To inculcate appropriate attitude and develop skills among students to pursue higher education, world of work including self employment.

CBSE class 11 Business Studies New Syllabus 2018-19
CLASS–XI (2018-19)

One Paper 100 Marks
3 Hours

UnitsPeriodsMarks
Part AFoundations of Business
1Nature and Purpose of Business2220
2Forms of Business Organizations26
3Public, Private and Global Enterprises2218
4Business Services22
5Emerging Modes of Business1212
6Social Responsibility of Business and
Business Ethics
16
Total12050
Part BFinance and Trade
7Sources of Business Finance3020
8Small Business16
9Internal Trade3020
10International Business14
11Project Work3010
Total12050

Part A: Foundation of Business 120 Periods
Concept includes meaning and features

CBSE class 11 Business Studies New Syllabus 2018-19

Unit 1: Evolution and Fundamentals of Business 22 Periods

History of 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.
After going through this unit, the student/ learner would be able to:

  • Know the History of Commerce in India
Business -Concept

  • Concept includes meaning and
    features
After going through this unit, the student/ learner would be able to:

  • Understand the concept 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.

Unit 2: Forms of Business organizations 26 Periods

Sole Proprietorship-Concept, merits and limitations.After going through this unit, the student/
learner would be able to:

  • 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.
  • Define limited liability partnership.
  • 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.
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.

Unit 3: Public, Private and Global Enterprises 22 Periods

Public sector and private sector enterprises – ConceptAfter going through this unit, the student/ learner would be able to:

  • 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
Global enterprises (MNCs) – Features, Joint ventures, Public private partnership – concept
  •  Develop an understanding of global enterprises, joint ventures and public private partnership by studying their meaning and features.

Unit 4: Business Services 22 Periods

Business services and its types – Meaning. 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

Unit 5: Emerging Modes of Business 12 Periods

E-business (concept), scope and benefitsAfter going through this unit, the student/ learner would be able to:

  • 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

Unit 6: Social Responsibility of Business and Business Ethics 16 Periods

Concept of social responsibilityAfter going through this unit, the student/ learner would be able to:

  • 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.
Environment protection and business
Meaning and role
  • 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.

Part B: Finance and Trade 120 Periods
Concept includes meaning and features

CBSE class 11 Business Studies New Syllabus 2018-19

Unit 7: Sources of Business Finance 30 Periods

Concept of business financeAfter going through this unit, the student/ learner would be able to:

  • 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.

Unit 8: Small Business and Enterprises 16 Periods

Entrepreneurship Development (ED): Concept, Characteristics and Need

  • Process Entrepreneurship Development: Start-up India Scheme, ways to fund start-up
  • Intellectual Property Rights and Entrepreneurship
After going through this unit, the student/ learner would be able to:

  • 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)After going through this unit, the student/
learner would be able to:

  • 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.

Unit 9: Internal Trade 30 Periods

Internal trade – meaning and types services rendered by a wholesaler and a retailer GST (Goods and Services Tax): Concept and key-featuresAfter going through this unit, the student/learner would be able to:

  • State the meaning and types of internal trade.
  • Appreciate the services of wholesalers and retailers.
  • Understand the concept of GST
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.
Concept of automatic vending machine
  • State the concept of automatic vending machine.
Main documents used in internal trade: Performa invoice, invoice, debit note, credit note. Lorry receipt (LR) and Railways Receipt (RR).
  • Describe the main documents used in internal trade.
Terms of Trade: Cash on Delivery (COD), Free on Board (FOB), Cost, Insurance and Freight (CIF), Errors and Omissions Excepted (E&OE).
  • Develop an understanding of the various terms used in internal trade.

Unit 10: International Trade 14 Periods

International trade – conceptAfter going through this unit, the student/ learner would be able to:

  • Understand the concept of international trade.
International trade: concept and benefits
  • Describe the scope of international trade to the nation and business firms.
Export trade- Meaning, objectives and procedure of Export Trade
  • State the meaning and objectives of export trade.
  • Explain the important steps involved in executing export trade.
Import Trade- Meaning, objectives 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), specimen of the documents, importance
  • 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.

Download CBSE Syllabus of Class 11th




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