**UPDATED CBSE CLASS XI Business Studies Syllabus: 2018-19

Hi friends, today we are going to discuss with you the latest Syllabus of Class XI Business Studies Syllabus. As you know very well that Central Board of Secondary Education (CBSE) has its own curriculum and they hold the supreme authority to change it further for the benefit of students.

UPDATED CBSE CLASS XI Business Studies Syllabus 2018-19, CBSE Class 11th Business Studies Syllabu, CBSE Class 11th Business Studies Syllabus 2018, XIth Class Business Studies Theory Syllabus, XIth Class Business Studies Practical Syllabus, Syllabus of Class XI Business Studies Syllabus

UPDATED CBSE CLASS XI Business Studies Syllabus 2018-19

So it’s always a wise decision to keep an eye on what happening around with the subject you are going to learn. This year CBSE made little bit changes in CBSE Class 11th Business Studies Syllabus. Let us have a look at the updated XIth Class Business Studies Syllabus for the academic year 2017-18

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CBSE Class 11th Business Studies Syllabus (2018-19 Session)


Unit Wise Detailed Syllabus (Theory Part)

CLASS XI (2018 – 19)
COURSE STRUCTURE (THEORY)
One Paper (Theory)
Time: 3 Hours
100 Marks
Periods: 220
Units Periods Marks
Part A Foundations of Business
1 Nature and Purpose of Business 22 20
2 Forms of Business Organisations 26
3 Public, Private and Global Enterprises 22 18
4 Business Services 22
5 Emerging Modes of Business 12 12
6 Social Responsibility of Business and Business Ethics 16
120 50
Part B Finance and Trade
7 Sources of Business Finance 30 20
8 Small Business 16
9 Internal Trade 30 20
10 International Business 14
11 Project Work 30 10
120 50

Part A: Foundation of Business (120 Periods)

The concept includes meaning and features

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

 

Business -Concept

  • The 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 a 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 a 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, types, 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 co-operatives.
Company-Concept, merits, and limitations; Types: Private and Public-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 the 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
  • Distinguishes 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 –concept After going through this unit, the student/ learner would be able to:

  •  Develop an understanding of the 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
Changing role of public sector enterprises
  • Discusses the change in the role of public sector in an economy.
Global enterprises, 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 of business services.
  •  Discuss the meaning of types of Business service Banking, insurance, communication services, transportation, warehousing.
  •  Develop an understanding of different types of bank 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
  •  Develop an understanding of the different services provided by banks-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
  •  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.

Telecom Services-Cellular Mobile services, Radio Paging services, Fixed line services, Castle services, VSAT services, DTH services—meaning.

  •  Understand the utility of different postal and telecom services
    a) Postal services
    a) Telecom services

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 After 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.
  •  Explain the process of online buying and selling as a part of e-business.
  •  Examine the major security concerns of electronic mode of doing business.
  •  Understand the methods of secure and safe business transactions.
  •  Identify the resources required for implementation of a successful e-business.
Outsourcing-Concept: Business Process Outsourcing (BPO) and Knowledge Process Outsourcing (KPO)- 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
Smart cards and ATM’s meaning and utility
  •  State the meaning of Smart cards and ATM’s.
  •  Appreciate the utility of Smart cards and ATM’s.

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

The concept of social responsibility After going through this unit, the student/ learner would be able to:

  •  State the concept of social responsibility.
The case of social responsibility
  • Examines 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 environmental 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)

The concept includes meaning and features

Unit 7: Sources of Business Finance (30 Periods)

The concept of business finance After 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,
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.
  •  Classify the various sources of funds into owners’ funds and borrowed funds.
  •  State the meaning of owners’ funds.
  •  Explain the meaning, merits, and limitations of equity shares, preference shares, and retained earnings.
  •  Understand the meaning of Global Depository Receipts, American Depository Receipts andInternational Depository Receipts.
Borrowed funds: debentures and bonds, the loan from the financial institution, loans from commercial banks, public deposits, trade credit, Inter Corporate Deposits (ICD).
  •  State the meaning of borrowed funds.
  •  Discuss the meaning, merits, and limitations of debentures, bonds, loans from financial institutions, trade credit, and inter-corporate deposits.
  •  Distinguish between owners’ funds and borrowed funds.

Unit 8: Small Business (16 Periods)

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 too rural, backward area.

Unit 9: Internal Trade (30 Periods)

Internal trade – meaning and types services rendered by a wholesaler and a retailer After 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.
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, mail order business – concept
  •  Highlight the distinctive features of departmental stores, chain stores, and mail order business.
The concept of automatic vending machine
  •  State the concept of automatic vending machine
Chambers of Commerce and Industry: Basic

functions

  •  Discuss the role of Chambers of Commerce and Industry in the promotion of internal trade.
Main documents used in internal trade: Perfo invoice, invoice, debit note, credit n
  •  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 – concept After going through this unit, the student/ learner would be able to:

  •  Understand the concept of international trade.
  •  Distinguish between internal trade and external trade.
International trade: Advantages and disadvantages

of international trade

  •  Describe the scope of international trade to the nation and business firms.
  •  Discuss the disadvantages of international trade.
Export trade- Meaning, objectives, and procedure of

Export Trade

  •  State the meaning and objectives of export trade.
  •  Explain the important steps involved in executing the export trade.
Import Trade- Meaning, objectives, purpose 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), the 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.

Unit 11: Project Work (30 Periods)
As per CBSE guidelines

                               QUESTION PAPER DESIGN YEAR 2017-18

BUSINESS STUDIES                                    Code No. 054                                                                    CLASS XI

Time: 3 hrs                                                                                                                                     Max. Marks – 90
S.

No.

Typology of Questions Learning
Outcomes
Testing
Skills
Very
Short
Answer
(VSA)
(1Mark)
Short
Answer-I (SA-I) (3 Marks)
Short
Answer
-II (SA-II) (4 Marks)
Long
Answer
(LA) (5
Marks)
Essay
Type
(6
Marks)
Total
Marks
%

Weighta

ge

1 Remembering- (Knowledge-based Simple recall questions, to know specific facts, terms, concepts, principles, or theories; Identity, define or recite information)
  •  Reasoning
  •  Analytical Skills
  •  Critical Skills
2 1 1 1 14 16%
2 Understanding- (Comprehension –to be familiar with the meaning and to understand conceptually, interpret, compare, contrast, explain, paraphrase, or interpret information) 2 2 1 1 18 20%
3 Application- (Use the abstract information in a concrete situation, to apply knowledge to new situations; Use given content to interpret a situation, provide an example, or solve a problem) 2 1 1 1 1 20 22%
4 High Order Thinking Skills-(Analysis & Synthesis-Classify, compare, contrast, or differentiate between different pieces of information; Organize and/or integrate unique pieces of information from a variety of sources) 2 1 1 1 1 20 22%
5 Evaluation- (Appraise, judge, and/or justify the value or worth of a decision or outcome, or to predict outcomes based on values) 1 1(Values

based)

1 12 13%
TOTAL-1 project

(10 Marks) 10

8×1=8 6×3=

18

5×4=

20

4×5=

20

4×6=

24

90(27)

project

(10)

100%
Estimated Time (in minutes) 8 min 27 min 30 min 40

min

60

min

165 min+15 min

for revision

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