Business Studies - XI (Syllabus)

The syllabus for Class XI in Business Studies for the academic year is as follows:

Part A: Foundations of Business

1. Unit 1: Nature and Purpose of Business

   • Business: Concept, characteristics, objectives (economic and social), classification (industry, commerce)
   • Business Risk: Concept and causes

2. Unit 2: Forms of Business Organizations

   • Sole Proprietorship, Partnership, Hindu Undivided Family, Cooperative Societies, Company (Private, Public)
   • Choice of form of business organization

3. Unit 3: Public, Private, and Global Enterprises

   • Public and private sector enterprises
   • Types of public sector enterprises (Departmental Undertakings, Statutory Corporations, Government Companies)
   • Multinational Companies

4. Unit 4: Business Services

   • Banking, Insurance, Communication, Warehousing, Transportation

5. Unit 5: Emerging Modes of Business

   • E-business: Concept, benefits, resources required
   • Business Process Outsourcing (BPO) and Knowledge Process Outsourcing (KPO): Concept, need, and scope

6. Unit 6: Social Responsibility of Business and Business Ethics

   • Concept of social responsibility, arguments for and against it
   • Business ethics: Concept and elements

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Part B: Finance and Trade

1. Unit 7: Sources of Business Finance

   • Concept, types, and sources of business finance
   • Ownership funds: Equity shares, preference shares, retained earnings
   • Borrowed funds: Debentures, loans, public deposits, trade credit

2. Unit 8: Small Business and Enterprises

   • Entrepreneurship Development (ED): Concept, characteristics, process, Intellectual Property Rights
   • Role of small business in India with reference to rural areas
   • Government schemes and agencies for small-scale industries (NSIC, DIC)

3. Unit 9: Internal Trade

   • Types and services of internal trade: Wholesalers, retailers
   • Types of retail trade: Itinerant and fixed shop retailers
   • GST (Goods and Services Tax): Concept and features

4. Unit 10: International Business

   • International trade: Concept and benefits
   • Export and import procedures
   • World Trade Organization (WTO): Objectives and functions

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Part C: Project Work

• Topics for project work include field visits, case studies, aids to trade, stock market investments, and other practical applications of the business concepts covered in the syllabus.

This syllabus covers foundational concepts, the organization of businesses, essential services, finance sources, trade types, and contemporary issues like e-business and ethics, preparing students for a comprehensive understanding of business principles.