Business Studies Syllabus | Marks Distribution | Question Papers | WBCHSE

BUSINESS STUDIES XI

Concept and characteristic of business
Business, profession and employment : distinctive features and scope
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 – types (internal, external/foreign, wholesale and retail): auxiliaries to trade – banking, insurance, transportation, warehousing, communication and advertising.
Business risks : nature and causes

Sole proprietorship : meaning, features, merits and limitations
Partnership : meaning, features, merits and limitations, types of partnership and types of partners, registration of a partnership firm, partnership deed
Limited liability partnership
Cooperative societies : features, merits and limitations, types
Company : private company, public limited company – features, merits and limitations
Steps in the formation of a company
Starting a business : basic factors/ steps

Private sector and public sector
Forms of public sector enterprises : departmental undertakings, statutory corporation, government company – features, merits and limitation
Global enterprises, joint ventures, public-private partnership, features

Banking : types of bank accounts – savings, current, recurring, fixed deposit accounts
Banking services with particular reference to : issue of bank draft, banker’s cheque (pay order), RTGS (Real Time Gross Settlement), NEFT (National Electronic Funds Transfer), bank overdraft, cash credits, e-banking
Insurance : Principles, concept of life, health, fire and marine insurance
Postal and telecom services : mail (UCP, registered post, parcel speed post, courier)

E-business : scope and benefits, resources required for successful e-business implementation, online transactions, payment mechanism, security and safety of business transactions
Outsourcing : concept, need and scope of BPO (Business Process Outsourcing) and KPO (Knowledge Process Outsourcing)

Concept of social responsibility
Case of social responsibility
Responsibility towards owner, investors, consumers, employees, government and community.
Environment protection and business
Business ethics : concept and elements

Concept of business finance
Owner’s funds : equity shares, preference shares, and retained earnings
Borrowed funds : debentures and bonds, loan from financial instituitions, loan from commercial banks, public deposits, trade credit, ICD (Inter Corporate Deposits), factoring

Small scale enterprise’ as defined by MSMED Act 2006, (Micro, Small and Medium Enterprises Development Act)
Role of small business in India : with special reference to rural areas
Government schemes and agencies for small scale Industries : NSIC (National Small Industries Corporation) and DIC (District Industries Centre) with special reference to rural and hilly areas

Services of a wholesaler and retailer
Types of retail trade : itinerants and small scale fixed shops
Large scale retailers : departmental stores, chain stores, mail order business, concept of automatic vending machine
Chambers of commerce and industry : basic functions
Main documents used in internal trade : proforma invoice, invoice, debit note, credit note, LR (Lorry Receipt), RR (Railway receipt)
Terms of trade : COD (Cash on Delivery), FOB (Free on Board), CIF (Cost, Insurance and Freight), E&OE (Errors and Omission Excepted)

Concept and complexities of international trade
Export-import procedure and documents required
World Trade Organization (WTO) : historical perspective, functions of WTO and agreements