PSEB 11th Class Syllabus 2025 Business Studies

Punjab Board

SYLLABUS
2024-2025

CLASS-XI
Session: 2024-25
BUSINESS STUDIES

Time: 3 Hrs Theory: 80 Marks
INA: 20 Marks
Total: 100 Marks

SYLLABUS

Part I : Foundations of Business

Unit 1: Business, Trade and Commerce
 Introduction – Role of Business in the development of economy.
 Concept of Business, Characteristics of Business Activities
 Business, profession and employment - Concept and comparison
 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;
(Transport and Communication, Banking and Finance, I nsurance and Warehousing,
Advertising and Public Relations) – meaning
 Objectives of Business – Profit and other Objectives
 Business Risk-Nature and Causes
 Starting a Business-Basic Factors

Unit 2: Forms of Business organisation
 Sole Proprietorship-Concept, Features, Merits and Limitations.
 Joint Hindu Family Business: Concept, Features, Merits and Limitations.
 Partnership-Concept, Features, Merits and Limitations.
 Types of Partners, Types of Partnerships, Partnership Deed, Registration of a Partnership firm.
 Cooperative Societies-Concept, Features, Merits and Limitations. Types of Cooperative
Societies
 Joint Stock Company - Concept, Features, Merits and Limitations; Types: Private and Public
Company.
1

 Choice of form of business organisation

Unit 3: Private, Public and Global Enterprises
 Introduction, Public Sector and Private Sector Enterprises – Concept
 Forms of Organising Public Sector Enterprises: Departmental Undertakings,
Statutory Corporations and Government Company (Concept, Features, Merits and
Limitations)
 Changing Role of Public Sector.
 Joint Ventures: Concepts, types, and benefits.
 Global Enterprises – Feature, Public Private Partnership – concept.

Unit 4: Business Services
 Business Services – Meaning, Nature, Difference between services and goods.
 Types of services
 Banking: Types of banks, functions of a commercial banks, e-Banking – Meaning and benefits.
 Insurance – Functions , Principles and Types – Life, Fire and Marine Insurance.
 Communication Services, Postal Services, Telecom Services.
 Transportation.
 Warehousing: Concepts, types and functions.

Unit 5: Emerging Modes of Business
 e-Business: concept, scope and benefits. Traditional Business versus e-Business.
 Limitations of e-Business.
 Online Transactions, Security and Safety of e-Transactions, e-Business Risks
 Resources Required for Successful e-business Implementation.

Unit 6: Social Responsibilities of Business and Business Ethics
 Concept of social responsibility, Need for Social Responsibility.
 Arguments for and against social Responsibility.
 Kinds of Social Responsibility
 Social Responsibility towards Different Interest Groups.
 Business and Environmental Protection
2

 Business Ethics – Concept and Elements.

Part I I : Corporate Organisation, Finance and Trade

Unit 7: Formation of a Company
 Introduction, Promotion of a company
 Functions of a Promoter, Documents Required – Memorandum of Association, Articles of
Association etc.
 Incorporation
 Capital Subscription
 One Person Company.

Unit 8: Sources of Business Finance
 Meaning, nature and significance of business finance
 Classification of Sources of funds, Sources of finance- Retained Earnings, Trade Creditor,
Factoring, Lease Financing, Public Deposits, Commercial Papers, Issue of Shares- Equity
Shares, Preferences Shares, Debentures, Commercial Banks, Financial Institutions.
 International Financing- Global Depository Receipt (GDRs), American Depository Receipt
(ADRs), Indian Depository Receipt (IDRs), Foreign Currency Convertible Bonds (FCCBs).
 Factors affecting the choice of the source of funds.

Unit 9: MSME and Business Entrepreneurship
 Micro, Small and Medium Enterprises: Meaning and role
 Problems associated with MSME
 MSME and Entrepreneurship Development.
 Intellectual Property Rights- Importance and types.

3

Unit 10: Internal Trade
 Internal trade – meaning and types-Wholesale trade and retail trade, services rendered by
a wholesaler and a retailer
 Types of retailing trade-Itinerant and fixed shops retailers
 Fixed shop large stores-Departmental stores, chain stores – concept, features, advantages and
limitations.
 Mail Order Houses, consumer cooperative store, super markets - concept, features, advantages
and limitations. Vending machines.
 GST (Goods and Services Tax): Concept and key-features
 Role of commerce and industry associations in promotion of internal trade.

Unit 11: International Business
 International Business: concept and reasons and scope
 International Business vs. Domestic Business
 Benefits of International Business
 Modes of entry into international business- Exporting and Importing, advantage and limitations.
 Contract manufacturing, licensing and franchising, Joint Ventures, wholly-owned subsidiaries, -
meaning, advantages and limitation.
 Export-Import procedures and documentation.

--::--

4

Study Materials
Notes

Model Papers Class 6 Notes

Sample Papers Class 7 Notes
Half Yearly Sample Papers Class 8 Notes

Class 9 Notes
Important Resources
Class 10 Notes
Periodic Table
Class 11 Notes
Writing Skills / Formats

Maps of India / World Class 12 Notes

Books and Solutions

NCERT Books
NCERT Book Solutions
HC Verma Chapter Wise Solutions
RD Sharma Solutions
CGBSE Solutions