Syllabus - Class 11, Business Studies (BST) Commerce Notes | EduRev

Business Studies (BST) Class 11

Created by: Nipuns Institute

Commerce : Syllabus - Class 11, Business Studies (BST) Commerce Notes | EduRev

 Page 1


 
BUSINESS STUDIES (Code No. 054) 
CLASS –XI (2018-19) 
One Paper          100 Marks 
3 Hours 
 
Units  Periods Marks 
Part A Foundations of Business   
1 Nature and Purpose of Business 22 20 
2 Forms of Business Organisations 26 
3 Public, Private and Global Enterprises 22 18 
4 Business Services 22 
5 Emerging Modes of Business 12 12 
6 Social Responsibility of Business and 
Business Ethics 
16 
 Total 120 50 
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 
11 Project Work 30 10 
 Total 120 50 
 
 
Part A: Foundation of Business       120 Periods 
Concept includes meaning and features              
 
Unit 1: Evolution and Fundamentals of Business       22 Periods 
 
History of 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. 
After going through this unit, the student/ 
learner would be able to:  
? Know the History of Commerce in 
India  
 
Business -Concept  
? Concept includes meaning and 
features 
After going through this unit, the student/ 
learner would be able to:  
? Understand the concept 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 (2018-19) 
One Paper          100 Marks 
3 Hours 
 
Units  Periods Marks 
Part A Foundations of Business   
1 Nature and Purpose of Business 22 20 
2 Forms of Business Organisations 26 
3 Public, Private and Global Enterprises 22 18 
4 Business Services 22 
5 Emerging Modes of Business 12 12 
6 Social Responsibility of Business and 
Business Ethics 
16 
 Total 120 50 
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 
11 Project Work 30 10 
 Total 120 50 
 
 
Part A: Foundation of Business       120 Periods 
Concept includes meaning and features              
 
Unit 1: Evolution and Fundamentals of Business       22 Periods 
 
History of 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. 
After going through this unit, the student/ 
learner would be able to:  
? Know the History of Commerce in 
India  
 
Business -Concept  
? Concept includes meaning and 
features 
After going through this unit, the student/ 
learner would be able to:  
? Understand the concept 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            26 Periods 
 
Sole Proprietorship-Concept, merits and 
limitations. 
After going through this unit, the student/ 
learner would be able to:  
? 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.  
? Define limited liability partnership.  
? 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 
Page 3


 
BUSINESS STUDIES (Code No. 054) 
CLASS –XI (2018-19) 
One Paper          100 Marks 
3 Hours 
 
Units  Periods Marks 
Part A Foundations of Business   
1 Nature and Purpose of Business 22 20 
2 Forms of Business Organisations 26 
3 Public, Private and Global Enterprises 22 18 
4 Business Services 22 
5 Emerging Modes of Business 12 12 
6 Social Responsibility of Business and 
Business Ethics 
16 
 Total 120 50 
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 
11 Project Work 30 10 
 Total 120 50 
 
 
Part A: Foundation of Business       120 Periods 
Concept includes meaning and features              
 
Unit 1: Evolution and Fundamentals of Business       22 Periods 
 
History of 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. 
After going through this unit, the student/ 
learner would be able to:  
? Know the History of Commerce in 
India  
 
Business -Concept  
? Concept includes meaning and 
features 
After going through this unit, the student/ 
learner would be able to:  
? Understand the concept 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            26 Periods 
 
Sole Proprietorship-Concept, merits and 
limitations. 
After going through this unit, the student/ 
learner would be able to:  
? 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.  
? Define limited liability partnership.  
? 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           22 Periods 
 
Public sector and private sector 
enterprises – Concept 
After going through this unit, the student/ 
learner would be able to: 
? 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 (MNCs) – Features, 
Joint ventures, Public private partnership – 
concept 
? Develop an understanding of global 
enterprises, joint ventures and 
public private partnership by 
studying their meaning and 
features. 
 
Unit 4: Business Services              22 Periods 
 
Business services and its types - Meaning. 
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 
Page 4


 
BUSINESS STUDIES (Code No. 054) 
CLASS –XI (2018-19) 
One Paper          100 Marks 
3 Hours 
 
Units  Periods Marks 
Part A Foundations of Business   
1 Nature and Purpose of Business 22 20 
2 Forms of Business Organisations 26 
3 Public, Private and Global Enterprises 22 18 
4 Business Services 22 
5 Emerging Modes of Business 12 12 
6 Social Responsibility of Business and 
Business Ethics 
16 
 Total 120 50 
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 
11 Project Work 30 10 
 Total 120 50 
 
 
Part A: Foundation of Business       120 Periods 
Concept includes meaning and features              
 
Unit 1: Evolution and Fundamentals of Business       22 Periods 
 
History of 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. 
After going through this unit, the student/ 
learner would be able to:  
? Know the History of Commerce in 
India  
 
Business -Concept  
? Concept includes meaning and 
features 
After going through this unit, the student/ 
learner would be able to:  
? Understand the concept 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            26 Periods 
 
Sole Proprietorship-Concept, merits and 
limitations. 
After going through this unit, the student/ 
learner would be able to:  
? 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.  
? Define limited liability partnership.  
? 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           22 Periods 
 
Public sector and private sector 
enterprises – Concept 
After going through this unit, the student/ 
learner would be able to: 
? 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 (MNCs) – Features, 
Joint ventures, Public private partnership – 
concept 
? Develop an understanding of global 
enterprises, joint ventures and 
public private partnership by 
studying their meaning and 
features. 
 
Unit 4: Business Services              22 Periods 
 
Business services and its types - Meaning. 
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             12 Periods 
 
E-business (concept), scope and benefits After going through this unit, the student/ 
learner would be able to:  
? Give the meaning of e-business.  
? Discuss the scope of e-business.  
? Appreciate the benefits of e-
business  
? Distinguish e-business from 
traditional business.  
Business Process Outsourcing (BPO): 
Concept, need and scope 
? Understand the concept of 
outsourcing.  
? Examine the scope of outsourcing, 
appreciate the need of outsourcing.  
? Discuss the meaning of Business 
Process Outsourcing and 
Knowledge Process Outsourcing 
 
Unit 6: Social Responsibility of Business and Business Ethics       16 Periods 
 
Concept of social responsibility After going through this unit, the student/ 
learner would be able to:  
? 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. 
Environment protection and business-
Meaning and role 
? 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. 
 
Page 5


 
BUSINESS STUDIES (Code No. 054) 
CLASS –XI (2018-19) 
One Paper          100 Marks 
3 Hours 
 
Units  Periods Marks 
Part A Foundations of Business   
1 Nature and Purpose of Business 22 20 
2 Forms of Business Organisations 26 
3 Public, Private and Global Enterprises 22 18 
4 Business Services 22 
5 Emerging Modes of Business 12 12 
6 Social Responsibility of Business and 
Business Ethics 
16 
 Total 120 50 
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 
11 Project Work 30 10 
 Total 120 50 
 
 
Part A: Foundation of Business       120 Periods 
Concept includes meaning and features              
 
Unit 1: Evolution and Fundamentals of Business       22 Periods 
 
History of 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. 
After going through this unit, the student/ 
learner would be able to:  
? Know the History of Commerce in 
India  
 
Business -Concept  
? Concept includes meaning and 
features 
After going through this unit, the student/ 
learner would be able to:  
? Understand the concept 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            26 Periods 
 
Sole Proprietorship-Concept, merits and 
limitations. 
After going through this unit, the student/ 
learner would be able to:  
? 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.  
? Define limited liability partnership.  
? 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           22 Periods 
 
Public sector and private sector 
enterprises – Concept 
After going through this unit, the student/ 
learner would be able to: 
? 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 (MNCs) – Features, 
Joint ventures, Public private partnership – 
concept 
? Develop an understanding of global 
enterprises, joint ventures and 
public private partnership by 
studying their meaning and 
features. 
 
Unit 4: Business Services              22 Periods 
 
Business services and its types - Meaning. 
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             12 Periods 
 
E-business (concept), scope and benefits After going through this unit, the student/ 
learner would be able to:  
? Give the meaning of e-business.  
? Discuss the scope of e-business.  
? Appreciate the benefits of e-
business  
? Distinguish e-business from 
traditional business.  
Business Process Outsourcing (BPO): 
Concept, need and scope 
? Understand the concept of 
outsourcing.  
? Examine the scope of outsourcing, 
appreciate the need of outsourcing.  
? Discuss the meaning of Business 
Process Outsourcing and 
Knowledge Process Outsourcing 
 
Unit 6: Social Responsibility of Business and Business Ethics       16 Periods 
 
Concept of social responsibility After going through this unit, the student/ 
learner would be able to:  
? 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. 
Environment protection and business-
Meaning and role 
? 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            120 Periods 
Concept includes meaning and features            
 
Unit 7: Sources of Business Finance            30 Periods 
 
Concept of business finance After going through this unit, the student/ 
learner would be able to: 
? State the meaning, nature and 
importance of business finance. 
Owners’ funds- equity shares, preferences 
share, retained earnings, Global 
Depository receipt (GDR), American 
Depository Receipt (ADR) and 
International Depository Receipt (IDR) – 
concept   
 
 
? Classify the various sources of 
funds into owners’ funds.  
? State the meaning of owners’ 
funds.  
? Understand the meaning of Global 
Depository receipts, American 
Depository Receipts and 
International Depository Receipts. 
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                16 Periods 
 
Entrepreneurship Development (ED): 
Concept, Characteristics and Need  
? Process Entrepreneurship 
Development: Start-up India 
Scheme, ways to fund start-up 
? Intellectual Property Rights and 
Entrepreneurship 
After going through this unit, the student/ 
learner would be able to:  
? 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) 
After going through this unit, the student/ 
learner would be able to:  
? 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. 
 
 
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