The business studies class 11 NCERT is important to develop an understanding of the basic principles of commerce along with different business practices. The book has been structured keeping in mind the CBSE syllabus and molds the students’ theoretical and practical knowledge of engaging with the world of commerce and economics.
NCERT Business Studies Class 11 PDF
The Bst Class 11 NCERT passes out all the important topics as management principles, marketing fundamentals, and financial management. These will go very well for students to begin their journey in commerce. Class 11 Bst NCERT is designed to develop a sound understanding of key business concepts. Students using these books will be well-equipped with knowledge to excel in their business studies exams. To download the Class 11 Business Studies NCERT Books PDF for further reference purposes, refer to the link below.
| Download PDF for Class 11 BST NCERT | |
| NCERT Book for Class 11 Business Studies (English) | Download PDF |
| NCERT Book for Class 11 Business Studies (Hindi) | Download PDF |
Moreover, the Business Studies class 11 NCERT PDF is in English and Hindi. So students could download the business studies class 11 NCERT book in Hindi as well.
Class 11 Business Studies Chapters PDF Free Download
Looking to strengthen your understanding of Business Studies for Class 11? Downloading the NCERT Business Studies chapters in PDF format is the perfect way to access comprehensive study material on the go. These PDFs cover key topics such as business environment, forms of business organizations, and management principles, providing clear and concise explanations. Whether you’re preparing for exams or revising important concepts, these easy-to-follow resources will help you build a strong foundation in business studies. Download the NCERT Business Studies Class 11 chapters now and boost your exam preparation!
| Download PDF for NCERT Class 11 Business Studies Chapters | |
| Class 11 Business Studies Chapter 1 | Download PDF |
| Class 11 Business Studies Chapter 2 | Download PDF |
| Class 11 Business Studies Chapter 3 | Download PDF |
| Class 11 Business Studies Chapter 4 | Download PDF |
| Class 11 Business Studies Chapter 5 | Download PDF |
| Class 11 Business Studies Chapter 6 | Download PDF |
| Class 11 Business Studies Chapter 7 | Download PDF |
| Class 11 Business Studies Chapter 8 | Download PDF |
| Class 11 Business Studies Chapter 9 | Download PDF |
| Class 11 Business Studies Chapter 10 | Download PDF |
| Class 11 Business Studies Chapter 11 | Download PDF |
NCERT Class 11 Business Studies: Chapter-wise Details
The book NCERT Business Studies textbook for Class 11 contains eleven chapters in two parts.
- Part 1: Foundations of Business (Chapters 1-6) deals with the basic concepts of businesses such as their nature, form, and social responsibilities.
- Part 2: Corporate Organisation, Finance, and Trade (Chapters 7-11) traces the formation of business, handling finances, and a venture in trade operations. This part also covers the corporate structures, funding sources, and international business practices.
This book offers an excellent understanding of business activities. The student can get hold of the core idea that would eventually lead them to academic success or professional prosperity. It’s also a great asset for commerce students preparing for the board exams.
Chapter 1: Business, Trade, and Commerce
The first chapter in the NCERT Business Studies Class 11 book gives an introduction to history of trade and commerce. However it commences with a description on the indigenous banking system prevailing in earlier periods and the emergence of intermediaries in commerce.
Some other topics covered in the following pages are: – Modes of Transport and their function in commerce.
- Merchant Corporations and their importance
- Major Ancient Trade Centres (such as Pataliputra, Taxila, Mathura, Surat, and Kaveripatta)
The subchapter then continues to discuss India in the world economy between 1 AD and 1991, along with some of the important topics, which include:
- Concept & Characteristics of Business
- Business, Profession & Employment: Key Difference
- Classification of Business Activities (Industries, Trade, and Commerce)
- Business Risks & Objectives
As of the chapter’s end, the student would have gained a good comprehension of trade, commerce, and business operations at a historical as well as current level.
Chapter 2: Forms of Business Organisation
This chapter introduces students to a detailed understanding of various business structures and their characteristics. In this chapter, different forms of business organisations have been introduced which are as follows:
- Sole Proprietorship : The business is owned and controlled by a single person.
- Joint Hindu Family Business: This is the traditional Indian model of a business that is carried out by members of the Hindu Undivided Family.
- Partnership – A business owned by two or more individuals who share profits, liabilities, and responsibilities.
- Cooperative Societies – Organisations formed to promote collective benefits for members through shared ownership.
- Joint-Stock Companies – Large scale business enterprises where ownership is divided into shares.
The chapter also explains the two types of companies:
- Private Limited Company – A private-owned company that imposes limited liability; it involves a lesser amount of legal formality.
- Public Limited Company – A firm where shares are raised from the general public, thus it needs heavy regulatory compliance.
Factors Affecting Business Form Choice
The correct choice of form is determined by following factors:
- Cost and Ease of Setup – The expense in setting up the enterprise and legal formalities.
- Liability – The level to which the owners are held liable for debts and losses.
- Continuity – The continuity of business operations despite changes in ownership.
- Management Ability – The level of expertise required in running the organization successfully.
- Capital Considerations – The amount of capital that is required to expand and sustain the business.
- Degree of Control – The extent of control that the owners have in decision-making.
- Nature of Business – The kind of business activities that a business undertakes, which determine its form.
By the end of the chapter, students will find a list of key terms and concepts, which can reinforce their understanding of different business structures. The evaluation of advantages and limitations of each business form leads the students through the choice of the best possible model for specific business scenarios in this chapter.
Chapter 3: Private, Public and Global Enterprises
This chapter gives an in-depth understanding of the private and public sectors of an economy. It enunciates the differences, advantages, and challenges of both sectors and discusses their significance in economic growth.
Private and Public Sector Enterprises
Businesses in an economy can be categorized into two major categories:
- Private Sector Enterprises are owned, controlled and managed by individuals or private entities. They operate on the purpose of generating profits and assume various forms like sole proprietorship, partnership, joint-stock company, and multinational corporation (MNC).
- Public Sector Enterprises – These are business enterprises owned and operated by the government. Their major goal is to provide basic goods and services for the public good and not necessarily profit maximization.
Changing Role of the Public Sector in the Economy
The role of the public sector is now vastly diversified. Earlier on, the governments used to directly control the entire industries, although with liberalization, privatization and disinvestment, the present day scenario projects the private sectors in a significantly more dominant positions. Many government-owned public sectors are now working on disinvestment and strategic partnerships aiming to make improvements in efficiency that reduce the level of financial costs to the governmental machinery.
It introduces the concept of global enterprises, often called multinational corporations (MNCs). An MNC is a company operating in several countries, with a production and marketing strategy that encompasses international markets.
Joint Venture Company
A joint venture is a business arrangement in which two or more companies collaborate for a specific project or business activity while remaining separate legal entities. Joint ventures help businesses expand their operations by combining expertise, resources, and market access.
Types of Joint Ventures:
- Contractual Joint Venture (CJV) – This involves entering into an agreement by businesses to collaborate for a specific project without the formation of a distinct legal entity.
- Equity-Based Joint Venture (EJV) – Here, a new firm is established, and all participating companies own equity in the newly formed business.
Public-Private Partnership (PPP)
Towards the tail end of the chapter, it elaborates on Public-Private Partnerships (PPPs), which are agreements between the government and the private sector to invest in the development of infrastructure and public services. PPPs contribute to effective development of infrastructure while simultaneously reducing the financial burden on the government.
Chapter 3 of Business Studies Class 11 gives students an understanding of how different types of enterprises function in an economy. It explains the importance of private, public, and global enterprises, the role of the public sector, and how joint ventures and PPPs contribute to economic growth. The knowledge gained from this chapter helps students appreciate the interplay between government policies, business operations, and global economic trends.
Chapter 4: Business Services
Chapter 4 of NCERT Class 11 Business Studies book discusses business services and its nature known as the 5 Is of Services:
- Intangibility
- Inconsistency
- Inseparability
- Inventory
- Involvement
The chapter breaks down services into three main categories: business services, social services, and personal services. It describes each of them in detail and also gives a clear distinction between goods and services. A considerable part of the chapter is devoted to banking. It deals with various types of banks, namely:
- Commercial Banks
- Cooperative Banks
- Specialized Banks
- Central Bank
Another critical chapter discussed is E-Banking and its very central role in a modern world with financial transactions in place. Of the insurance field, the reader will learn what types, principles, and what functions insurance assumes. Lastly, the communication service is explained over postal and telecom services.
Chapter 5: Emerging Modes of Business
Chapter 5 of the NCERT Class 11 Business Studies book discusses emerging modes of business. It highlights e-Business primarily and explains, in detail, the scope of e-Business and its benefits both to business organizations and society as a whole in the modern era.
While it focuses on the benefits of e-commerce, the chapter also discusses its limits. It also provides a comparative chart contrasting traditional business and e-Business to let students understand what are the key differences between the two.
The chapter further explains the essential resources needed for the successful implementation of e-Business. Another major topic discussed is outsourcing, where the needs, benefits, and concerns of outsourcing business activities are discussed in detail.
Chapter 6: Social Responsibilities of Business and Business Ethics
Chapter 6 deals with the concept of social responsibility in the business world. It highlights the importance of CSR and elaborates on a comprehensive analysis of the arguments both for and against it.
Arguments in Favor of Social Responsibility
- Firm’s Long-term Interest and Justification for Existence and Growth: That the pursuit of ethical and responsible business practices enhances a company’s reputation and sustainability.
- Avoidance of Government Regulation: That concerns being proactively addressed by business itself would reduce the need for strict regulations, as well as the tendency to avoid government control.
- Maintenance of Society: That businesses also benefit from a stable and well-functioning society.
- Access to Resources through Business: There are financial and human resources for social good within companies.
- Converting Social Ills into Business Opportunities: Innovation and business opportunity can come about from addressing the social problems.
- Business-Friendly Environment: This responsible attitude ensures goodwill and promotes business.
- Accountability for Social Problems: Organizations should be accountable for the issues they cause.
Cases Against Social Responsibility
The main arguments are as follows:
- Going against the goal of Profit Maximization: Companies exist to gain profit, and CSR can interfere with this basic objective.
- The Consumer’s Cost: The increase in cost as a result of CSR activities could be transferred to the consumer.
- Lack of Social Skills: Business executives might not possess the expertise in dealing with social issues effectively.
- Lack of Broad Public Support: All stakeholders may not support or appreciate CSR efforts.
Chapter 6 of NCERT Class 11 Business Studies textbook also looks into the reality of social responsibility and its many forms. Environmental pollution and its problem is discussed along with critical importance businesses provide to safeguarding the environment.
Chapter 7: Formation of a Company
Chapter 7 of Class 11 NCERT Business Studies book deals with a comprehensive view on process of formation of a company. One of the significant stages of this process is promotion, and chapter has dealt with functions of a promoter in elaborate detail.
It has discussed about the main documents needed for the formation of a company and formalities involved like:
- Incorporation
- Capital Subscription .
The differences between the Memorandum of Association (MoA) and Articles of Association (AoA) are highlighted based on factors like objectives, legal position, relationship, validity, and necessity.
Chapter 8: Sources of Business Finance
Sources of Business Finance Chapter 8 of the NCERT BST class 11 book deals with meaning, nature, and importance of business finance. This chapter categorizes the various business finance needs as follows:
- Fixed Capital Requirements– This is a kind of capital or funds which a business requires to invest in its long term fixed assets such as land, building, machinery etc.
- Working Capital Requirements – Short-term funds needed for everyday operations.
The chapter further introduces a classification of sources of funds using a step-by-step table, classifying them based on time period, ownership, and source of generation. There is an elaborative description of the different sources of finance along with their advantages and limitations. The main sources include:
- Retained Earnings
- Trade Credit
- Factoring
- Lease Financing
- Public Deposits
- Commercial Paper
- Issue of Shares
- Debentures
- Commercial Banks
- Financial Institutions
At the end, the chapter also discusses International Finance, which explains global financial sources available for businesses.
Chapter 9: Small Business
Chapter 9 of Class 11 NCERT Business Studies explains the various types of small-scale businesses. The focus has been on manufacturing and service sectors. The NCERT Class 11 Business Studies book classifies small businesses into three categories. They are divided into three major categories, such as
- Micro Enterprise
- Small Enterprise
- Medium Enterprise
The chapter also discusses village and cottage industries, which are of great importance in India’s rural economy.
The government also plays a role in the support of small businesses through different initiatives, such as: –
- National Bank for Agriculture and Rural Development (NABARD)
- Rural Small Business Development Centre (RSBDC)
- National Small Industries Corporation (NSIC)
- Rural and Women Entrepreneurship Development (RWED)
- Scheme of Fund for Regeneration of Traditional Industries (SFURTI)
- District Industries Centers (DICs)
Moreover, the chapter further describes Intellectual Property Rights (IPR) and gives significance to how these protect innovation and business ideas.
Chapter 10: Internal Trade Country
Chapter 10 of the NCERT Business Studies textbook for Class 11 deals with internal trade, specifically, wholesale and retail trading. About the chapter, it discusses what wholesalers are and their significant role in producers’ lives, including: facilitating large-scale productio, guarantees that customers will continue purchasing merchandise.
- Risk bearing – Responsible for goods until they reach retailers.
- Financial support – Providing funds to manufacturers.
- Expert advice – Offering market insights and guidance.
- Marketing support – Helping manufacturers reach the right customers.
- Facilitating production continuity – Ensuring a steady supply chain.
- Storage – Managing inventory efficiently.
Wholesalers also render the following services to retailers:
- Availability of goods – Provide a steady supply of products.
- Marketing support – Help promote the products.
- Grant of credit – Enable retailers to purchase on credit.
- Specialized knowledge – Provide expertise on market trends.
- Risk sharing – Allows manufacturers to absorb risks connected to product distribution.
Chapter 11: International Business
Chapter 11 of the Class 11 NCERT Business Studies book explains international business in detail, covering its meaning, significance, and reasons for international trade. It also provides an overview of the difference between international and domestic business.
It further elaborates on the various methods of entry into international business, like:
- Exporting and Importing
- Contract Manufacturing
- Licensing and Franchising
- Joint Ventures
- Wholly Owned Subsidiaries
Furthermore, the book delves into international financial institutions in detail. This includes the International Bank for Reconstruction and Development, or the World Bank; the International Monetary Fund, or IMF; and the World Trade Organization, or WTO. The role of these organizations in global trade and economic development is described in detail.
NCERT Bst Class 11 FAQs
What is covered in the Business Studies Class 11 NCERT book?
The Bst Class 11 NCERT book covers a wide range of topics, from the basics of business and management principles to advanced topics like international trade and business law.
Where can I download the Business Studies Class 11 NCERT PDF?
The PDF can be downloaded from the NCERT’s official website or from the link provided in this article free of cost.
How many chapters are there in NCERT book business studies class 12 PDF?
NCERT Business Studies for class 11 book contains eleven chapters in total. The first six chapters of the books form Part 1 and are about ‘Foundations of Business’. The next five chapters form the second part of the book. These five chapters are related to ‘Corporate Organisation, Finance, and Trade’.
Are there any PDFs available for the exercises in the Business Studies Class 11 NCERT book in Hindi?
Yes, Business Studies Class 11 NCERT in Hindi and other languages are available to help students understand and solve the exercises provided in the book.
