CBSE Class 11 Business Studies Syllabus 2023-24

CBSE has released the Latest Updated Syllabus for the New Academic Session 2023-24 on March 31st, 2023, for class 11.

CBSE Board has released the latest Class 11 Business Studies syllabus which is to be strictly followed. Below please find our detailed analysis of Board Paper pattern, Unit-wise summary for the New Session 2023-24.

We have also updated Oswal Gurukul Books as per the Latest Paper Pattern prescribed by Board for each Subject Curriculum.

Students can directly access the CBSE Business Studies Syllabus for Class 11 of the academic year 2023-24 by clicking on the link below.

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CBSE Class 11 Business Studies Latest Syllabus 2023-24

Units   Periods Marks
Part A Foundations of Business    
1 Nature and Purpose of Business 18 16
2 Forms of Business Organisations 24
3 Public, Private and Global Enterprises 18 14
4 Business Services 18
5 Emerging Modes of Business 10 10
6 Social Responsibility of Business and
Business Ethics
  Total 100 40
Part B Finance and Trade    
7 Sources of Business Finance 30 20
8 Small Business 16
9 Internal Trade 30 20
10 International Business 14
  Total 90 40
Project Work (One) 30 20

CBSE Class 11 Business Studies Syllabus 2023-24: Unit-wise Summary

Part A:

Foundation of Business

Unit 1: Evolution and Fundamentals of Business

Content After going through this unit, the student/ learner would be able to:
History of Trade and Commerce in India: Indigenous Banking System, Rise of Intermediaries, Transport, Trading Communities: Merchant Corporations, Major Trade Centres, Major Imports and Exports, Position of Indian Sub-Continent in the World Economy
  • To acquaint the History of Trade and Commerce in India
Business – meaning and characteristics
  • Understand the meaning of business with special reference to economic and non-economic activities.
  • Discuss the characteristics of business.
Business, profession and employment – Concept
  • Understand the concept of business, profession and employment.
  • Differentiate between business, profession and employment.
Objectives of business
  • Appreciate the economic and social objectives of business.
  • Examine the role of profit in business.
Classification of business activities - Industry and Commerce
  • Understand the broad categories of business activities- industry and commerce.
Industry-types: primary, secondary, tertiary Meaning and subgroups
  • Describe the various types of industries.
Commerce-trade: (types-internal, external; wholesale and retail) and auxiliaries to trade; (banking, insurance, transportation, warehousing, communication, and advertising) – meaning
  • Discuss the meaning of commerce, trade and auxiliaries to trade.
  • Discuss the meaning of different types of trade and auxiliaries to trade.
  • Examine the role of commercetrade and auxiliaries to trade.
Business risk-Concept
  • Understand the concept of risk as a special characteristic of business.
  • Examine the nature and causes of business risks.

Unit 2: Forms of Business organizations

Sole Proprietorship-Concept, merits and limitations
  • List the different forms of business organizations and understand their meaning.
  • Identify and explain the concept, merits and limitations of Sole Proprietorship.
Partnership-Concept, types, merits and limitation of partnership, registration of a partnership firm, partnership deed. Types of partners
  • Identify and explain the concept, merits and limitations of a Partnership firm.
  • Understand the types of partnership on the basis of duration and on the basis of liability.
  • State the need for registration of a partnership firm.
  • Discuss types of partners –active, sleeping, secret, nominal and partner by estoppel.
Hindu Undivided Family Business: Concept
  • Understand the concept of Hindu Undivided Family Business.
Cooperative Societies-Concept, merits, and limitations.
  • Identify and explain the concept, merits and limitations of Cooperative Societies.
  • Understand the concept of consumers, producers, marketing, farmers, credit and housing cooperatives.
Company - Concept, merits and limitations; Types: Private, Public and One Person Company – Concept
  • Identify and explain the concept, merits and limitations of private and public companies.
  • Understand the meaning of one person company.
  • Distinguish between a private company and a public company.
Formation of company - stages, important documents to be used in formation of a company
  • Highlight the stages in the formation of a company.
  • Discuss the important documents used in the various stages in the formation of a company.
Choice of form of business organization
  • Distinguish between the various forms of business organizations.
  • Explain the factors that influence the choice of a suitable form of business organization.

Unit 3: Public, Private and Global Enterprises

Public sector and private sector enterprises – Concept
  • Develop an understanding of Public sector and private sector enterprises
Forms of public sector enterprises: Departmental Undertakings, Statutory Corporations and Government Company
  • Identify and explain the features, merits and limitations of different forms of public sector enterprises
Global Enterprises – Feature Joint venture Public private partnership – concept
  • Develop an understanding of global enterprises, public private partnership by studying their meaning and features.

Unit 4: Business Services

Business services – meaning and types. Banking: Types of bank accounts - savings, current, recurring, fixed deposit and multiple option deposit account
  • Understand the meaning and types of business services.
  • Discuss the meaning and types of Business service Banking
  • Develop an understanding of difference types of bank account.
Banking services with particular reference to Bank Draft, Bank Overdraft, Cash credit. E-Banking: meaning, types of digital payments
  • Develop an understanding of the different services provided by banks
Insurance – Principles. Types – life, health, fire and marine insurance – concept
  • Recall the concept of insurance
  • Understand Utmost Good Faith, Insurable Interest, Indemnity, Contribution, Doctrine of Subrogation and Causa Proxima as principles of insurance
  • Discuss the meaning of different types of insurance-life, health, fire, marine insurance.
Postal Service - Mail, Registered Post, Parcel, Speed Post, Courier - meaning
  • Understand the utility of different telecom services

Unit 5: Emerging Modes of Business

E - business: concept, scope and benefits
  • Give the meaning of e-business.
  • Discuss the scope of e-business.
  • Appreciate the benefits of ebusiness
  • Distinguish e-business from traditional business.

Unit 6: Social Responsibility of Business and Business Ethics

Concept of social responsibility
  • State the concept of social responsibility.
Case of social responsibility
  • Examine the case for social responsibility.
Responsibility towards owners, investors, consumers, employees, government and community
  • Identify the social responsibility towards different interest groups.
Role of business in environment protection
  • Appreciate the role of business in environment protection.
Business Ethics - Concept and Elements
  • State the concept of business ethics.
  • Describe the elements of business ethics.

Part B:

Finance and Trade

Unit 7: Sources of Business Finance

Concept of business finance
  • State the meaning, nature and importance of business finance.
Owners’ funds- equity shares, preferences share, retained earnings
  • Classify the various sources of funds into owners’ funds.
  • State the meaning of owners’ funds.
Borrowed funds: debentures and bonds, loan from financial institution and commercial banks, public deposits, trade credit, Inter Corporate Deposits (ICD)
  • State the meaning of borrowed funds.
  • Discuss the concept of debentures, bonds, loans from financial institutions and commercial banks, Trade credit and inter corporate deposits.
  • Distinguish between owners’ funds and borrowed funds.

Unit 8: Small Business and Enterprises

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
  • Understand the concept of Entrepreneurship Development (ED), Intellectual Property Rights
Small scale enterprise as defined by MSMED Act 2006 (Micro, Small and Medium Enterprise Development Act)
  • Understand the meaning of small business
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
  • Appreciate the various Government schemes and agencies for development of small scale industries. NSIC and DIC with special reference to rural, backward area.

Unit 9: Internal Trade

Internal trade - meaning and types services rendered by a wholesaler and a retailer
  • State the meaning and types of internal trade.
  • Appreciate the services of wholesalers and retailers.
Types of retail-trade-Itinerant and small scale fixed shops retailers
  • Explain the different types of retail trade.
Large scale retailers-Departmental stores, chain stores – concept
  • Highlight the distinctive features of departmental stores, chain stores and mail order business.
GST (Goods and Services Tax): Concept and key-features
  • Understand the concept of GST

Unit 10: International Trade

International trade: concept and benefits
  • Understand the concept of international trade.
  • Describe the scope of international trade to the nation and business firms.
Export trade – Meaning and procedure
  • State the meaning and objectives of export trade.
  • Explain the important steps involved in executing export trade.
Import Trade - Meaning and procedure
  • State the meaning and objectives of import trade.
  • Discuss the important steps involved in executing import trade.
Documents involved in International Trade; indent, letter of credit, shipping order, shipping bills, mate’s receipt (DA/DP)
  • Develop an understanding of the various documents used in international trade.
  • Identify the specimen of the various documents used in international trade.
  • Highlight the importance of the documents needed in connection with international trade transactions
World Trade Organization (WTO) meaning and objectives
  • State the meaning of World Trade Organization.
  • Discuss the objectives of World Trade Organization in promoting international trade.

Unit 11: Project Work


The marks will be allocated under the following heads:

CBSE Class 11 Business studies Question Paper Design 2023-24

S.NO  Marks
1 Initiative, cooperativeness and participation 2 Marks
2 Creativity in presentation 2 Marks
3 Content, observation and research work 4 Marks
4 Analysis of situations 4 Marks
5 Viva 8 Marks
Total 20 Marks
SN Typology of Questions Marks Percentage 
1 Remembering and Understanding: Exhibit memory of previously learned material by recalling facts, terms, basic concepts, and answers. Demonstrate understanding of facts and ideas by organizing, comparing, translating, interpreting, giving descriptions, and stating main ideas 44 55%
2 Applying: Solve problems to new situations by applying acquired knowledge, facts, techniques and rules in a different way 19 23.75%
3 Analysing, Evaluating and Creating: Examine and break information into parts by identifying motives or causes. Make inferences and find evidence to support generalizations. Present and defend opinions by making judgments about information, validity of ideas, or quality of work based on a set of criteria. Compile information together in a different way by combining elements in a new pattern or proposing alternative solutions. 17 21.25%
Total 80 100%

The Changes for Class 11 (2023-24) Year-end Board Examinations are as under:

Particulars Academic Session 2022-23 Academic Session 2023-24
Composition of question paperyear-end examination/ Board Examination (Theory)
  • Competency Based Questions are 30% in the form of Multiple-Choice Questions, Case Based Questions, Source Based Integrated Questions or any other type.
  • Objective Question are 20%
  • Remaining 50% Questions are Short Answer/Long Answer Questions
  • Competency Focused Questions in the form of MCQs/Case Based Questions, Source-based Integrated Questions or any other type = 40%
  • Select response type questions(MCQ) = 20%
  • Constructed response questions (Short Answer Questions/Long Answer type Questions, as per existing pattern) = 40%

2022-23 Reduced Syllabus

(for reference purposes only)

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