ISC Class 11 Commerce Syllabus 2026-27
CISCE has released the ISC Class 11 Commerce Syllabus for the 2026-27 academic session. You can download the ISC Class 11 Commerce Syllabus PDF from the official CISCE website under the Regulations and Syllabuses (ISC 2028) section.
The ISC Class 11 Commerce Syllabus defines the topics, units, and exam pattern prescribed by the CISCE Board. Students must follow this syllabus to prepare in a clear and structured way for the ISC Board exams.
This syllabus covers key Commerce subjects such as Accounts, Business Studies, and Economics. It also explains the marking scheme and paper format, which helps students study with focus and avoid confusion.
Teachers use this syllabus to plan lessons, and students use it to track topics and revise with clarity. This approach improves understanding and builds strong exam readiness.
Oswal Publishers has updated its books based on the latest CISCE Commerce syllabus and paper pattern. These books support students with clear explanations and exam-focused practice.
You can download the ISC Class 11 Commerce Syllabus 2026-27 PDF from the link below. Click on the “Download Now” button to access the official syllabus quickly.
ISC Commerce Class 11 Latest Syllabus 2026-27
There will be two papers in the subject:
Paper I - Theory: 3 hours ……80 marks
Paper II- Project Work ……20 marks
Paper - I (Theory) –
80 Marks
| S.No. | UNIT | TOTAL WEIGHTAGE |
| 1 | Nature and Purpose of Business | 10 Marks |
| 2 | Forms of Business Organization | 25 Marks |
| 3 | Social Responsibility of Business and Business Ethics | 5 Marks |
| 4 | Emerging Modes of Business | 5 Marks |
| 5 | Stock Exchange | 5 Marks |
| 6 | Trade | 10 Marks |
| 7 | Foreign Trade | 10 Marks |
| 8 | Insurance | 10 Marks |
| Total | 80 Marks | |
1. Nature and Purpose of Business
(i) Classification of human activities - economic and non-economic.
Classification of human activities - economic and non-economic. Types of economic activities.
Distinction between business, profession and employment.
(ii) Definition and concept of business; classification of business activities.
Definition of business. Characteristics of business. Classification of business activities:
(a) Industry: types of industries on the basis of activity (primary and secondary) and on the basis of size (micro, small, medium and large). Role of small businesses in India.
(b) Commerce: branches of Commerce. Commerce - its nature and functions; importance of Commerce. Branches of Commerce - trade and aids to trade. Relationship between commerce, trade and industry.
(iii) Business objectives.
Business objectives: economic; social; human and national. Role of Profit in business.
2. Forms of Business Organisations
(i) Introduction to business organizations.
Meaning, characteristics, types (private sector, public sector, Public Private Partnership (PPPs) /Joint Sector).
Comparison between different types of organizations.
(ii) Sole trader - objectives; formation; merits and demerits.
Meaning and definition of sole trader; characteristics and objectives of sole trader; merits and demerits.
(iii) Partnership
(a) Meaning, features; types of partners and partnership firms.
Meaning and definition of partnership; features of partnership firms; types of partners and partnerships.
(b) Registration of Partnership firms. Formation, meaning and contents of partnership deed; registration and consequences of non-registration.
(c) Evaluation of partnership; merits and demerits.
Self-explanatory.
(d) Comparison of sole proprietorship and partnership.
Self-explanatory.
(iv) Corporate Organisations.
(a) Joint Stock Company: meaning, features, merits, demerits and objectives.
(b) Stages of Formation of a Company.
(c) Promotion, meaning, role and types of promoters.
(d) Incorporation of a company -Meaning and steps of incorporation (including filing of documents), certificate of incorporation.
(e) Memorandum of Association and Articles of Association (excluding alterations) and distinction between the two documents.
Meaning and contents of MOA and AOA. Distinction between the MOA and AOA.
(f) Commencement of business.
Steps, Certificate of Commencement.
(g) Prospectus and statement in lieu of prospectus – meaning and contents only.
(h) Types of companies- Public and private companies and their comparative studies
(i) Global enterprises – Meaning, characteristics, different types of global enterprises-meaning only.
(v) Public Sector undertakings.
(a) Meaning; characteristics, forms of Public Sector Undertakings (Departmental Undertakings, Public Corporations and Government Companies).
Public Sector Undertakings – meaning; characteristics, Forms of Public Sector Undertakings (Departmental undertakings; Public Corporations and Government companies – definitions,
features.
(b) Public Private Partnerships.
Meaning and features of PPPs.
(vi) Co-operative organisations - meaning; characteristics and types.
Co-operative organizations - meaning; characteristics, advantages and disadvantages; Types of cooperative organizations- Meaning only.
3. Social Responsibility of Business and Business Ethics
Concept and need for social responsibility.
Responsibility towards owners, investors, consumers, employees, government and community; Responsibility of business towards protection of environment; Meaning and importance of Business ethics.
4. Emerging Modes of Business
(i) E-business.
Scope and benefits, Resources required for successful e-business implementation,
online transactions, payment mechanisms, security and safety of business transactions.
(ii) E-Commerce
Meaning of E-commerce
Q- Commerce-quick commerce and artificial intelligence-concept of quick commerce and the integration of artificial
intelligence in emerging modes of business- dark stores (in brief).
5. Stock Exchange
(i) Meaning and importance.
(ii) Functions and services.
(iii) Major Stock Exchanges in India (BSE, NSE), types and locations.
(iv) Types of operators – Brokers, Jobbers, Bulls and Bears.
(v) Terms used in Stock Exchange - ex- dividend, cum dividend, spot delivery,
forward delivery.
(vi) SEBI – functions and objectives.
(vii) Demat account
Self-explanatory
6. Trade
(i) Wholesalers.
Meaning and services of wholesaler to retailer, customer and producer.
(ii) (a) Retail trade – Meaning and characteristics.
Retail trade - meaning, characteristics of retail trade. Distinction between wholesale and retail trade.
(b) Types of retail trade - Itinerant and small scale fixed shops: departmental store, chain store, mail order houses, tele shopping, franchise, consumer cooperative stores, hypermarkets and automatic vending machines.
Meaning, features, merits and demerits to be covered.
(c) Documents used in home trade.
Documents and procedure used in home trade – inquiry; quotation; catalogues; order; invoice; debit note; credit note.
Price quotations - cash discount and trade discount.
7. Foreign Trade
(i) Meaning, difference between internal trade and external trade.
Meaning and characteristics of international trade; problems of international trade; advantages and disadvantages of international trade.
(ii) Export trade – Meaning, objectives and procedure of export trade.
Self-explanatory.
(iii) Import trade – Meaning and procedure.
Meaning and procedure.
Meaning and functions of import trade; objectives, purpose and procedure.
(iv) Documents involved in international trade.
Documents involved in export trade, such as: indent, letter of credit, shipping order, shipping bill, mate’s receipt, bill of lading, certificate of origin, consular invoice, documentary bill of exchange (DA/DP), all need to be explained.
Documents involved in import trade, such as: import license, indent, letter of credit, documentary bill of exchange, bill of entry, bill of sight, port trust dues receipt, application to import, advice note, bill of lading, all need to be explained.
(v) World Trade Organisation.
WTO-meaning and objectives.
8. Insurance
(i) Insurance – Meaning, objectives and purpose.
Meaning, objectives and purpose of insurance; Concept of re-insurance and double insurance.
(ii) Risks in business - insurable and non-insurable.
Risks in business - insurable and noninsurable - meaning and examples of both. Characteristics of insurable risks.
(iii) Principles of insurance.
Fundamental principles to be explained: utmost good faith; insurable interest; indemnity; contribution; doctrine of subrogation; causa proxima. mitigation of loss.
(iv) Types of insurance: life and non-life.
Types of insurance – life, health, fire, marine, motor, social and fidelity insurance (Meaning and importance only).
Paper II – Project Work – 20 Marks
Candidates will be expected to have completed two projects from any topic covered in Theory.
Mark allocation for each Project [10 marks]:
| Description | Marks |
| Overall format | 1 mark |
| Content | 4 marks |
| Findings | 2 marks |
| Viva-voce based on the Project | 3 marks |
