Class 11 Business Studies

Position of Indian Sub-Continent in the World Economy
Business – meaning and characteristics, 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, Sole Proprietorship-Concept, merits and limitations, Partnership-Concept, types, merits and limitation of partnership, registration of a partnership firm, partnership deed. Types of partners, Cooperative Societies-Concept, merits, and limitations, Company - Concept, merits and limitations; E - business: concept, scope and benefits stages, important documents to be used in formation of a company , Public sector and private sector enterprises – Concept
Forms of public sector enterprises: Departmental Undertakings, Statutory Corporations and Government Company, Global Enterprises – Feature Joint venture Public private partnership – concept, Banking services with particular reference to Bank Draft, Bank , Role of business in environment protection
Concept of social responsibility, Responsibility towards owners, investors, consumers, employees, government and community, Business Ethics - Concept and Elements
Concept of business finance
Owners’ funds- equity shares, preferences share, retained earnings
Borrowed funds: debentures and bonds, loan from financial institution and commercial banks, public deposits, trade credit, Inter Corporate Deposits (ICD)
Entrepreneurship Development (ED): Concept, Characteristics and Need. Process of Entrepreneurship Development: Start-up India Scheme, ways to fund start-up. Intellectual Property Rights and Entrepreneurship, 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 • 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
Internal trade - meaning and types services rendered by a wholesaler and a retailer, Types of retail-trade-Itinerant and small scale fixed shops retailers, GST (Goods and Services Tax): Concept and key-features
International trade: concept and benefits, Export trade – Meaning and procedure, Documents involved in International Trade; indent, letter of credit, shipping order, shipping bills, mate’s receipt (DA/DP), World Trade Organization (WTO) meaning and objectives