Kendriya Vidyalaya Sangathan, Raipur Region
Split – Up Syllabus 2023-24
Class: XI Subject: Business Studies
Uni Gist of the Unit
t
01 Nature & Purpose of Business
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.
Business – concept. Business,
profession & employment- concept
Nature & Purpose of Business
Objectives of business
02 Classification of business
activities – Industry & Commerce
Industry – Types: primary,
secondary & tertiary (meaning &
subgroups)
Commerce-trade: (types-internal,
external; wholesale and retail) and
auxiliaries to trade; (banking,
insurance, transportation,
warehousing, communication, and
advertising)–meaning
Business risk-Concept
03 Forms of Business Organisation
Sole Proprietorship-Concept,
merits and limitations.
Partnership-Concept, types, merits
and limitation of partnership,
registration of a partnership firm,
partnership deed. Types of partners
Hindu Undivided Family Business:
Concept
Cooperative Societies-Concept,
merits, and limitations.
Forms of Business Organisation
Company-Concept, merits and
limitations; Types: Private, Public
and One Person Company–Concept
Formation of company - stages,
important documents to be used in
formation of acompany
Choice of form of business
organization
TLO Months Periods
To acquaint the History of Trade and Commerce
in India
Understand the meaning of business with special 26 June
reference to economic and non-economic to 08
activities. 30 June periods
Discuss the characteristics of business.
Understand the concept of business, profession
and employment.
Differentiate between business, profession and
employment.
*Appreciate the economic and social objectives
of business.
* Examine the role of profit in business
* Understand the broad categories of 01 July
business activities- industry and commerce. to
* Describe the various types of industries. 15 July 18
*Discuss the meaning of commerce, trade and periods
auxiliaries to trade.
* Discuss the meaning of different types of trade
and auxiliaries to trade.
* Examine the role of commerce-trade and
auxiliaries to trade.
* Understand the concept of risk as a special
characteristic of business.
* Examine the nature & causes of business risks.
* List the different forms of business
organizations and understand their meaning.
* Identify and explain the concept, merits and
limitations of Sole Proprietorship.
* 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 firm. 16 July 17
* Discuss types of partners–active, sleeping, to periods
secret, nominal and Partner by estoppel. 30 July
Understand the concept of Hindu Undivided
Family Business.
* Identify and explain the concept, merits and
limitations of Cooperative Societies.
* Understand the concept of consumers,
producers, marketing, farmers, credit and housing
co-operatives.
* 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. 01 Aug 22
* Highlight - stages in the formation of a company To periods
*Discuss the important documents used in the 15 Aug
various stages in the Formation of a company.
* Distinguish between the various forms of
business organizations.
* Explain the factors that influence the choice of
 a suitable form of business organization.
04 Public, Private & Global * Develop an understanding of Public sector and
Enterprises private sector enterprises
Public sector and private sector *Identify and explain the features, merits and 16 Aug 19
enterprises–Concept. Forms of limitations of different Forms of public sector To periods
public sector enterprises: enterprises 31 Aug
Departmental Undertakings, *Develop an understanding of global enterprises,
Statutory Corporations and public private partnership by studying their
Government Company. meaning and features.
Global Enterprises–Feature.
Joint Venture. Public private
partnership–concept
05 Business Services *Understand the meaning and types of business
meaning and types. Banking: services.
Types of bank accounts -savings, *Discuss the meaning and types of Business
current, recurring, fixed deposit service Banking 01 Sept
and multiple option deposit * Develop an understanding of different types of to 19
account bank account. 15 Sept periods
Banking services with particular *Develop an understanding of the different
reference to Bank Draft, Bank services provided by banks
Overdraft, Cash credit. * Recall the concept of insurance
E-Banking meaning, Types of * Understand Utmost Good Faith, Insurable
digital payments Interest, Indemnity, Contribution, Doctrine of
Insurance–Principles. Subrogation and Causa Proxima as principles of
insurance
Business Services * Discuss the meaning of different types of
Types– life, health, fire and marine insurance-life, health, fire, marine insurance.
insurance – concept * Understand the utility of different telecom
Postal Service-Mail, Registered services 16 Sept
Post, * Give the meaning of e-business. To 22
Parcel, Speed Post, Courier– * Discuss the scope of e-business. 30 Sept periods
06 meaning * Appreciate the benefits of e-business
Emerging Modes of Business: * Distinguish e-business from traditional
E-business: concept, scope, benefits business.
07 Social Responsibility of Business * State the concept of social responsibility
and Business Ethics * Examine the case for social responsibility
Concept and case of social * Identify the social responsibility towards
responsibility different interested groups 01 Oct
Responsibility towards owners, * Appreciate the role of business in environment To 18
investors, consumers, employees, protection 15 Oct periods
government and community * State the concept of business ethics
Role of business in environment * Describe the elements of business ethics
protection
Business Ethics- concept, elements
08 Source of Business Finance * State the meaning, nature and importance of 16 Oct
Concept of business finance business finance. To 19
Owner’s funds – equity shares, *Classify the various sources of funds into 31 Oct Periods
preference share, retained earnings owners’ funds.
* State the meaning of owners’funds.
Sources of Business Finance * State the meaning of borrowed funds.
Borrowed funds: debentures and * Discuss the concept of debentures, bonds, loans 01 Nov
bonds, loan from financial from financial institutions and commercial banks, To 18
institution and commercial banks, Trade credit and inter corporate deposits. 15 Nov periods
public deposits, trade credit, Inter *Distinguish between owners’ funds and
Corporate Deposits (ICD). borrowed funds.
09 Small Business * Understand the concept of Entrepreneurship
Entrepreneurship Development Development (ED), Intellectual Property Rights
(ED): Concept, Characteristics and * Understand the concept of Start-up Scheme and 16 Nov 11
Need. Process of Entrepreneurship ways to fund start-up to periods
Development: * Understand the meaning of small business as 30 Nov
 per MSMED Act 2006
Start-up India Scheme, ways to * Discuss the role of small business
fund start-up.
Intellectual Property Rights and
Entrepreneurship
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
Small Business: Government * Appreciate the various Government schemes
schemes and agencies for small and agencies for development of small-scale
scale industries: National Small industries. NSIC and DIC with special reference
Industries Corporation (NSIC) and to rural, backward area. 01 Dec
District Industrial Centre (DIC) * State the meaning and types of internal trade. to 18
with special reference to rural, *Appreciate the services of wholesalers and 15 Dec periods
backward areas retailers.
Internal Trade: Internal trade - * Explain the different types of retail trade.
10 meaning and types services
rendered by a wholesaler and a
retailer. Types of retail trade-
Itinerant and small-scale fixed shop
retailers
Internal Trade: Large scale *Highlight the distinctive features of 16 Dec
retailers-Departmental stores, chain departmental stores, chain stores and mail order to 09
stores–concept. GST (Goods & business. 31 Dec periods
Services Tax): Concept & key- * Understand the concept of GST
features
11 International Business: * State the meaning & objectives of import trade
Concept and benefits * Discuss the important steps involved in
Export Trade – meaning, procedure executing import trade
Import Trade – meaning, procedure * Develop an understanding of the various
Documents involved in documents used in international trade.
international trade – ident, letter of
*Identify the specimen of the various documents
credit, shipping order, shipping used in international trade.
bills, mate’s receipt (DA/DP) * Highlight the importance of the documents 01 Jan 14
World Trade Organisation (WTO) needed in connection with international trade to 15 periods
– meaning and objectives * State the meaning of World Trade Organization. Jan
* Discuss the objectives of World Trade
Organization in promoting international trade.
Project Work and File Submission. Revision of Syllabus 15 Jan to 31 Jan
Revision work & Internal Assessment February 2024
Session Ending Exam 2024 March 2024

Schedule of exam for assessment in class XI as under (session 2023-24)

Exam Tentative Period Coverage of Syllabus Remark

Periodic Test - 1 3rd – 4th week of July Up to 15th July 2023
Cumulative Test 1st – 2nd week of November Up to October 2023
Periodic Test - 2 3rd – 4th week of January 2024 Nov & Dec 2023
Session Ending Exam 2024 March 2024 100 % Syllabus