West Bengal Board Class 11 Business Studies Syllabus 2024-25: Download Syllabus PDF For Free

To inculcate business attitude and develop skills among students to pursue higher education, world of work including self employment.

 To develop students with an understanding of the processes of business and its environment. To acquaint students with the dynamic nature and inter-dependent aspects of business.

To develop an interest in the theory and practice of business, trade and industry.

 To familiarize students with theoretical foundations of the process of organizing and managing the operations of a business firm.

 To help students appreciate the economic and social significance of business activity and the social cost and benefits arising therefrom.

 To acquaint students with the practice of managing the operations and resources of business.  To enable students to act more effectively and responsibly as consumers, employers, employees and citizens. 

Semester 1

Unit 1 Nature and Purpose of Business:  

History of Trade and Commerce in India: Indigenous Banking System, Rise of Intermediaries, Transport, Trading Communities: Position of Indian SubContinent in the World Economy.  Concept and characteristics 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 and Tertiary.  

Commerce – Trade: Types (Internal, External/ Foreign, Wholesale and Retail) and Auxiliaries to Trade: Banking, Insurance, Transportation, Warehousing, Communication and Advertising. Business risks – Nature and Causes.

Unit 2 Forms of Business Organisation: 

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, Types, Merits and Limitations.  

Company: Private Company, Public Limited Company – Features, Merits and Limitations.  Stages in the Organisation of a company.

Starting a Business: Basic factors/ steps.

 Choice of form of Business Organisation.  

Unit 3 Public, Private and Global Enterprises:  

Private Sector and Public Sector Enterprises: Concept.  

Forms of Public Sector Enterprises: Departmental Undertakings, Statutory Corporations, Government Companies (Features, Merits and Limitations). 

Global Enterprises, Joint Ventures, Public-Private.

Partnership: Features. 

Unit 4 Business Services:  

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 and Courier).

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).

Semester 2

Unit 6 Social Responsibility of Business and Business Ethics:  

Concept of Social Responsibility.  

Case of Social Responsibility. 

Responsibility towards Owner, Investors, Consumers, Employees, Government and Community.  Environmental Protection and Business.  

Business Ethics – Concept and Elements. 

Unit 7 Sources of Business Finance:  

Concept of Business Finance.  

Owner’s Funds – Equity Shares, Preference Shares and Retained Earnings. 

 Borrowed Funds - Debentures and Bonds, Loan from Financial Institutions, Loan from Commercial Banks, Public Deposits, Trade Credit, ICD (Inter-Corporate Deposits), Factoring.

Unit 8 Small Business:  

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 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 & Hilly Areas. 

Unit 9 Internal Trade: 

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 and 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 Omissions Excepted). 

GST (Goods and Services Tax): Concept and Key Features. 

Unit 10 International Trade: 

Concept and complexities of International Trade.  

Export-Import Procedure and Documents Required.  

World Trade Organisation (WTO): Historical perspective, Functions of WTO and Agreements.