NCERT solutions for class 11 Business studies

NCERT 11 Business studies Text book Solutions

NCERT 11th class Business studies book solutions are available in PDF format for free download. These ncert book chapter wise questions and answers are very helpful for CBSE board exam. CBSE recommends NCERT books and most of the questions in CBSE exam are asked from NCERT text books. Class 11 Business studies chapter wise NCERT solution for Business studies part 1 and Business studies part 2 for all the chapters can be downloaded from our website and myCBSEguide mobile app for free.

NCERT Class 11 Business studies Chapter-wise Solutions

PART I FOUNDATIONS OF BUSINESS

• CHAPTER 1 Nature and Purpose of Business
• CHAPTER 2 Forms of Business Organisation
• CHAPTER 3 Private, Public and Global Enterprises
• CHAPTER 4 Business Services
• CHAPTER 5 Emerging Modes of Business
• CHAPTER 6 Social Responsibilities of Business and Business Ethics

PART II CORPORATE ORGANISATION, FINANCE AND TRADE

• CHAPTER 7 Formation of a Company
• CHAPTER 8 Sources of Business Finance
• CHAPTER 9 Small Business
• CHAPTER 10 Internal Trade
• CHAPTER 11 International Business - I
• CHAPTER 12 International Business - II

CBSE class 11th Business studies have two books. Each book has chapters and topics.

1. NCERT Business studies Book Class 11 Part-1 (FOUNDATIONS OF BUSINESS)
2. NCERT Business studies Book Class 11 Part-2 (CORPORATE ORGANISATION, FINANCE AND TRADE)

Here is the list of topics covered under each chapter of class 11 Business studies NCERT text book.

Part A: Foundation of Business (120 Periods)

Concept includes meaning and features

Unit 1: Nature and Purpose of Business (22 Periods)

• 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 (26 Periods)

• 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 document to be used in formation of a company
• Choice of Form of Business Organisation

Unit 3: Public, Private and Global Enterprises (22 Periods)

• 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 (22 Periods)

• Banking: Types of bank accounts- savings, current, recurring, fixed deposit and multiple option deposit account.
• Banking services with particular reference to issue of bank draft, banker's cheque (pay order), Real Time Gross Settlement (RTGS), National electronic Funds Transfer (NEFT), bank overdraft, cash credit and e-banking
• 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 (12 Periods)

• 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 (16 Periods)

• Concept of Social Responsibility
• Case of Social Responsivility
• 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 (120 Periods)

Concept includes meaning and features

Unit 7: Sources of Business Finance (30 Periods)

• Concept of Business Finance
• Owners funds- equity shares, preferences, share, Global Depository receipt (GDR), American Depository 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 (16 Periods)

• 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) and District Industrial Centre (DIC) with special reference to rural, backward and hilly areas

Unit 9: Internal Trade (30 Periods)

• Internal trade - meaning and types Service Rendered by a wholesaler and a retailer
• Types of retail-trade-Itinerant and small scale fixed Shops
• Large scale retailers-Departmental stores, chain stores, mail order business.
• 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 (E&OE).

Unit 10: International Trade (14 Periods)

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

NCERT Solutions for Class 11th Business studies

NCERT Solutions Class 11 Business studies PDF (Download) Free from myCBSEguide app and myCBSEguide website. Ncert solution class 11 Business studies includes text book solutions from both part 1 and part 2. NCERT Solutions for CBSE Class 11 Business studies have total 12 chapters. Class 11 Business studies ncert Solutions in pdf for free Download are given in this website. Ncert Business studies class 11 solutions PDF and Business studies ncert class 11 PDF solutions with latest modifications and as per the latest CBSE syllabus are only available in myCBSEguide.

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