Syllabus: Business Studies for Class 11 | Business Studies (BST) Class 11 - Commerce PDF Download

 Page 1


 
BUSINESS STUDIES (Code No. 054) 
CLASS–XI (2023-24) 
Theory: 80 Marks        3 Hours 
Project: 20 Marks 
 
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 
12 
 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 
 
Part A: Foundation of Business        
Concept includes meaning and features              
 
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. 
Page 2


 
BUSINESS STUDIES (Code No. 054) 
CLASS–XI (2023-24) 
Theory: 80 Marks        3 Hours 
Project: 20 Marks 
 
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 
12 
 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 
 
Part A: Foundation of Business        
Concept includes meaning and features              
 
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 commerce- 
trade 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 co-
operatives. 
Page 3


 
BUSINESS STUDIES (Code No. 054) 
CLASS–XI (2023-24) 
Theory: 80 Marks        3 Hours 
Project: 20 Marks 
 
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 
12 
 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 
 
Part A: Foundation of Business        
Concept includes meaning and features              
 
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 commerce- 
trade 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 co-
operatives. 
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 
Page 4


 
BUSINESS STUDIES (Code No. 054) 
CLASS–XI (2023-24) 
Theory: 80 Marks        3 Hours 
Project: 20 Marks 
 
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 
12 
 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 
 
Part A: Foundation of Business        
Concept includes meaning and features              
 
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 commerce- 
trade 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 co-
operatives. 
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 e-
business  
? 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. 
 
Page 5


 
BUSINESS STUDIES (Code No. 054) 
CLASS–XI (2023-24) 
Theory: 80 Marks        3 Hours 
Project: 20 Marks 
 
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 
12 
 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 
 
Part A: Foundation of Business        
Concept includes meaning and features              
 
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 commerce- 
trade 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 co-
operatives. 
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 e-
business  
? 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