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CBSE class 11 commerce Business studies study material

CBSE class 11 commerce Business studies study material

CBSE class 11 commerce Business studies study material  – Key Notes for CBSE class 11 commerce Business studies study material Subjects are given here.These notes will provide you overview of all the chapters and important points to remember.These are very useful summary notes with neatly explained examples for best revision of the Business Studies book.

CBSE class 11 commerce Business studies study material 

CBSE class 11 commerce Business studies study material contains following chapters and topics.


Nature and Purpose of Business

Forms of Business Organisation

Private, Public and Global Enterprises

Business Services

Emerging Modes of Business

Social Responsibilities of Business and Business Ethics


Formation of a Company

Sources of Business Finance

Small Business

Internal Trade

International Business – I

International Business – II

CBSE class 11 commerce Business studies study material

we will provide you overview of all the chapters for CBSE class 11 commerce Business studies study material in pdf format.

 chapter name Downloads
 Ch1 Nature and Purpose of Business Download
 Ch2 Forms of Business Organisation Download
 Ch3 Private, Public and Global Enterprises Download
 Ch4  Business Services Download
 Ch5 Emerging Modes of Business Download
 Ch6 Social Responsibilities of Business and Business Ethics Download
 Ch7  Formation of a Company Download
 Ch8 Sources of Business Finance Download
 Ch9 Small Business Download
 Ch10 Internal Trade Download
 Ch11 International Business – I CBSE class 11 commerce Economics Development Experience and Economic Reforms
 Ch12 International Business – II Download

CBSE class 11 commerce Business studies study material | Important Topics

Here we are providing important topics for CBSE class 11 commerce Business studies study material 

Part A: Foundation of Business

Unit 1: Nature and Purpose of Business

  • Concept and characteristics of business.
  • Business, profession and employment – Meaning and their 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 – Meaning and sub types.
  • Commerce – trade: types (internal, external, wholesale and retail; and auxiliaries to trade: banking, insurance, transportation, warehousing, communication, and advertising.
  • Business risks – Meaning, nature and causes.

Unit 2: Forms of Business organizations

  • Sole Proprietorship – meaning, features, merits and limitations.
  • Partnership – Features, types, merits and limitations of partnership and partners, registration of a partnership firm, partnership deed. Type of partners.
  • Hindu Undivided Family Business: features.
  • Cooperative Societies- features, types, merits and limitations.
  • Company: private and public company -features, merits and limitations.
  • Formation of a company- four stages, important document (MOA, AOA, relevances of certificate of incorporation and certificate of commencement.
  • Starting a business – Basic factors.

Unit 3: Public, Private and Global Enterprises

  • Private sector and public sector enterprises.
  • Forms of public sector enterprises: features, merits and limitations of departmental undertakings, statutory corporation and Government Company.
  • Changing role of public sector enterprises.
  • Global enterprises, Joint ventures, Public Private Partnership – Features

Unit 4: Business Services

  • Banking: Types of bank accounts- savings, current, recurring, fixed deposit and multiple option deposit account.
  • 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 and e- banking.
  • Insurance: principles, concept of life, health, fire and marine insurance.
  • Postal and telecom services: mail (UPC, registered post, parcel, speed post and courier) and other services.

Unit 5: Emerging Modes of Business

  • 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).
  • Smart cards and ATM’s meaning and utility

Unit 6: Social Responsibility of Business and Business Ethics

  • Concept of social responsibility
  • Case for social responsibility
  • Responsibility towards owners, investors, consumers, employees, government and community
  • Environment protection and business

Part B: Finance and Trade

Unit 7: Sources of Business Finance

  • Concept of business finance
  • Owner’s funds – equity shares, preference share, GDR, ADR, IDR and retained earnings.
  • Borrowed funds: debentures and bonds, loan from financial institution, loans from commercial banks, public deposits, trade credit, ICD (inter corporate deposits).

Unit 8: Small Business

  • 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.
  • Government schemes and agencies for small scale industries: (National Small Industries Corporation) and DIC (District Industrial Center) with special reference to rural, backward and hilly areas.

Unit 9: Internal Trade

  • Services rendered by a wholesaler and a retailer
  • Types of retail – trade – Itinerant 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: Performa invoice, invoice, debit note, credit note. LR (Lorry receipt) and RR (Railway Receipt)
  • Terms of Trade: COD (Cash on Delivery), FOB (Free on Board), CIF (Cost, Insurance and Freight), E&OE (Errors and Omissions Excepted)

Unit 10: International Trade

  • Meaning, difference between internal trade and external trade: Meaning and characteristics of international trade.
  • Problems of international trade: Advantages and disadvantages of international trade
  • Export Trade – Meaning, objective and procedure of Export Trade
  • Import Trade – Meaning, objective and procedure: Meaning and functions of import trade; purpose and procedure
  • Documents involved in International Trade; documents involved in export trade, indent, letter of credit, shipping order, shipping bills, mate’s receipt, bill of lading, certificate of origin, consular invoice, documentary bill of exchange (DA/DP), specimen, importance
  • World Trade Organization (WTO) meaning and objective

CBSE class 11 commerce Business studies study material | MOST IMPORTANT CHAPTERS:

UNIT 1, 2, 3, 7, 10 AND 11

Unit – I: Nature and purpose of business

Expected Marks: (8 to 10)

Q.1. Define Business. What are its essential characteristics?

Q.2. Define business, profession and employment and also distinguish between them. Also give two example of each. (Difference can be stated as features)

Q.3. What is business risk? What is its nature? Explain its causes.

Q.4. What are economic and non-economic activities? What are various classes of business activities?

Q.5. What is industry? Mention its various types.

Q.6. What is commerce? Mention it various types.

Q.7. Explain the Objectives of Business.

Q.8. Compare and contrast between Industry, trade and Commerce.

Q.9. What is economic and non-economic activities? Distinguish between them.

Unit – II: Forms of Business Organisation

Expected Marks: (8 to 10)

Q.1. What is sole trade business? Mention its features, merits and demerits.

Q.2. What is partnership? Mention its features, merits and demerits.

Q.3. What is partnership deed? Mention its contents.

Q.4. What are the consequences of non-registration of a firm?

Q.5. What are various types of partners and partnership?

Q.6. What is a joint stock company? Mentions its features, merits and demerits.

Q.7. What are various types of companies?

Q.8. What is public and private company? Mention their features. Also distinguish between them.

Q.9. What is co-operative store? Mention its features, merits and demerits.

Q.10. What are the basic factors to be considered before starting a business?

Q.11. What are the points to be taken into consideration before selecting a suitable form of business organisation?

Unit – III: Private, Public and Global Enterprises

Expected Marks: (8 to 10)

Question Pattern: 2 + 8

Q.1. What is Private and Public Sector? Mention their features. And also distinguish between them.

  1. 2. What are various forms of public sector enterprises? Mention their merits and limitations (Causes of failure).

Q.3. What are Global Enterprises or Multinational Companies? Mention their features.

Q.4. What is Joint ventures? Explain their advantages.

Q.5. Write in two lines: Disinvestment, Objectives of Public enterprises.

Unit – IV: Business Services

Expected Marks: (8 to 10)

Q.1. What are business services? Mention its features. Distinguish between goods and services.

Q.2. What is insurance? What are its various types? Distinguish between life insurance, fire insurance and marine insurance.

Q.3. Write a brief note on various principles of insurance.

Q.4. What is bank? Explain its primary and secondary functions.

Q.5. What is warehouse? Mention its various types. What are its needs or importance or functions?

Q.6. What is transport? Mention its various types. Point out their merits and demerits.

Q.7. Write in two lines: Bonded warehouse, e-banking.

Unit – V: Emerging Modes of Business

Expected Marks: (8 to 10)

Q.1. What is Outsourcing? Mention its advantages and drawbacks (limitations).

Q.2. What services can be outsourced?

Q.3. What is e-business and e-commerce? Distinguish between them.

Q.4. What are the benefits and limitations of e-business?

Q.5. Mention the resources required for successful implementations of e-business.

Q.6. What are various modes of payment in an online transaction?

Q.7. Mention various principle for security and safety of transactions.

Q.8. Write two lines: On-line transaction, BPO.

Unit – VI: Social Responsibilities of Business and Business ethics

Expected Marks: (5)

Q.1. Mention responsibility of business towards the various section of society such as owners and investors, employees, consumers and government.

Q.2. What are business ethics? Mentions its essential elements.

Q.3. Mention the role of business in environment protection.

Q.4. What is social responsibility? Mention its need and importance.

Unit – VII: Formation of a Company

Expected Marks: (8 to 10)

Q.1. What are various stages in formation of a company? Write a brief note on each.

  1. 2. Who is a promoter? Explain its role or functions.

Q.3. What are various types of promoters?

Q.4. What is MOA and AOA? Distinguish between them. Mentions its features. (Difference can be written as features)

Q.5. What is prospectus? Mention its contents. Mention two consequences of wrong statement in a prospectus.

Q.6. What are various clause or contents of MOA and AOA?

Q.7. What are the documents necessary for incorporation of a company?

Unit – VIII: Sources of Business finance

Expected marks: (8 to 10)

Q.1. What is business finance? Mention various sources of long term and short term finance.

Q.2. What is equity share? Mention its features, merits and demerits (three points).

Q.3. What is preference share? Mention its features, merits and demerits (three points).

Q.4. What is Debenture? Mention its features, merits and demerits (three points).

Q.5. Distinguish between equity shares and preference shares, shares and debentures. (Difference can be stated as features)

Q.6. Mention various types of preference shares and debentures.

Q.7. What is public deposits? Mention its features, merits and demerits (three points).

Q.8. What is retained earnings? Mention its features, merits and demerits (three points).

Q.9. Define in two lines: ADR, GDR, Trade credit, Bank credit, Owned fund and borrowed fund.

Unit – IX: Small Business

Expected Marks: (5)

Q.1. What are the problems faced by the small scale enterprises?

Q.2. Explain the role of small scale industries in rural areas.

Q.3. What are the incentives and subsidies offered by the government to small scale enterprises?

Q.4. Define small industry, tiny sector, cottage and rural industry and give one example for each.

Unit – X: Internal Trade

Expected Marks: 10

Q.1. What is internal trade? What are its types?

Q.2. What are the services offered by wholesalers to the producers and retailers?

Q.3. What are the services offered by retailer to the wholesalers and consumers?

Q.4. What is departmental store and multiple stores? Mention their merits and demerits.

Q.5. Distinguish between departmental store and multiple store, wholesaler and retailers.

Q.6. Write two lines: Super market, mail order business.

Unit – XI: International Trade

Expected Marks: 10

Q.1. What is foreign or international trade? Mention its merits and drawbacks.

Q.2. Distinguish between internal trade and international trade.

Q.3. Explain the procedure of importing and exporting goods from India.

Q.4. Name the documents used in import and export trade.

Q.5. Mention five export promotion measures adopted by the government of India.

Q.6. Write short notes on: WTO, World Bank and IMF.

Q.7. Mention various means of payment in international trade.

Q.8. Define in two lines: Letter of credit, Bill of entry, Bill of lading, Entrepot and Charter party.

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