NCERT Class 11 Syllabus for Business Studies

Semester I
XI
CLASS XI

Foundations of Business (Total Periods 104)
Unit I: Nature and Purpose of Business (Periods 20)
• Concept and characteristics of business.
• Business, profession and employment – distinctive features.
• Objectives of business – economic and social, role of profit in business.
• Classification of business activities: Industry and Commerce.
• Industry – types: primary, secondary, tertiary.
• Commerce: Trade and Auxiliaries.
• Business risks – nature and causes.

Unit II: Forms of Business Organisation (Periods 24)
• Sole Proprietorship; Joint Hindu Family Business – meaning, features, merits and limitations.
131
• Partnership – meaning, types, registration, merits, limitations, types of partners.
Syllabus
• Cooperative Societies – types, merits and limitations.
for
• Company: Private Ltd., Public Ltd – merits, limitations. Secondary
• Choice of form of business organisations. and
Higher
• Starting a business – Basic factors.
Unit III: Private, Public and Global Enterprises (Periods 14) Levels

• Private Sector and Public Sector.
• Forms of Organising public sector enterprises:
– Departmental Undertaking
– Statutory Corporation
– Government Company
• Changing role of public sector.
• Global Enterprises (Multinational Companies): meaning and features,
• Joint ventures — meaning, benefits.

Unit IV: Business Services (Periods 18)
• Nature and types of Business services — Banking, Insurance, Transportation, Warehousing,
Communication.
• Banking — types of Banks, Functions of Commercial banks, E-banking.
• Insurance: principles, types: life, fire and marine.
• Postal and Telecom services.
• Warehousing: types and functions.