How to prepare Class 11 Business Studies?

Overview: Class 11 Business Studies preparation involves learning theoretical concepts and practicing Case study questions (Numerical Questions). Learn how to prepare for Class 11 Business Studies chapters, high-weightage topics, and preparation tips to score 80/80 in the exam.

For Commerce students, Business Studies is a compulsory paper. It can impact your overall result if you are unprepared. While learning how to prepare for Class 11 Business Studies, you must: 

• Practice flow charts, diagrams, and graphs.
• Solve a minimum of ten questions after completing each concept to maximize scores.
• Look at important questions and high-weightage topics at least 2 months before the final exam.

Download Free Study Materials for CBSE Class 11th by SuperGrads

Note: The video might be helpful if you want to start your preparations early (class 11th)for CUET. 

How to prepare for Class 11 Business Studies?

If you are preparing for your final exam, you should consider the following Class 11 Business Studies preparation tips: 

• To prepare for the exam, strictly follow the revised Class 11 Business Studies Syllabus. This will save time and energy and help you focus solely on the important topics.
• Read NCERT books to get concept knowledge.
• Practice charts, diagrams, tables, and illustrations repeatedly to get a better hold of them.
• After studying a concept thoroughly, practice at least ten questions based on it to gain a deep and detailed knowledge of the concept.
• Prepare a separate notebook to write important terms, definitions, and short concept descriptions.
• Use question banks and reference books like “All in One,” “Oswal’s Question Bank,” etc., to practice dozens of questions for each concept to maximize your scores in the final exam.

Yo must remember that: 

• Attempt all the questions even if you are uncertain about any answer, because the plus point in school exams is that there is no negative marking.
• In case if you could guess it right it could fetch you some extra marks.

Make use of diagrams, charts and illustrations while answering for two reasons : 

• One because in the answer key, the marking scheme is already fixed which reserves marks of diagrams, charts, tables and illustrations. If you don’t make them you are certain to lose those marks.
• By making tables, diagrams and charts, it makes answers presentable and in understandable format, which in turn helps to attain maximum marks.

Class 11 Business Studies Book List

Books are the most important tool while learning how to prepare for Class 11 Business Studies exam.

You can go through the table below to know the Class 11 Commerce Books List for Business Studies that are recommended for the CBSE board:

• NCERT’s Business Studies Textbook for Class - 11
• Business Studies (RK Singla)- Class 11 - CBSE (2020-21)
• All in One Business Studies Class 11 for 2021 Exam by Arihant Publications
• Class 11 Business Studies With Case Studies by Sandeep Garg
• Business Studies (Poonam Gandhi) - Class 11 - CBSE

Get Sample papers for CBSE Class 11 Business Studies Exam

Business Studies class 11 Important Questions

After evaluating the weightage of each topic experts have recommended these questions from each chapter that have a higher probability of occurrence in the CBSE commerce question paper: 

Chapter 1: Nature And Purpose of Business

Important Question from this chapter are:

1. Difference between business, profession, and employment.
2. What are the basic factors while starting a business?

Chapter 2: Forms of Business Organization

Important Question from this chapter are:

1. What do you understand about sole proprietorship firms? Explain its merits and limitations?
2. What are the types of cooperative societies?
3. Factors affecting the choice of the form of business organization.
4. Distinguish between a joint Hindu Family business and partnership.

Chapter 3:Private, Public and Global Enterprises

Important Question from this chapter are:

1. Describe the industrial policies 1991, towards the public sector.
2. List the name of some enterprises under the public sector and classify them.

Unlock PYPs for CBSE Business Studies (Class 11th)

You must know that the best tip to follow while learning how to prepare for CBSE class 11 Business Studies is to look at the high-weightage chapters and then frequently asked questions from each chapter. 

Chapter 4:Business Services

Important Question from this chapter are:

1. What are the fundamental principles of Insurance?
2. Describe various types of insurance and examine the nature of risks protected by each type of insurance.
3. What are the functions of commercial banks?

Chapter 5:Emerging modes of Business 

Important Question from this chapter are:

1. What is the process of Online Trading?
2. What are the risks involved in e-Business?
3. Elaborate Cons of e-Business
4. What is the need of Out-Sourcing?

Chapter 6:Social Responsibilities of Business and Business Ethics

Important Question from this chapter are:

1. What are the main causes of Environmental Pollution?
2. State arguments for and against Social Responsibilities.
3. What are the elements of business risks?

Chapter 7:Formation of Company

Important Question from this chapter are:

1. Distinguish between ‘Preliminary Contracts’ and ‘Provisional Contracts’.
2. What are the basic functions of a promoter?
3. Give differences between ‘Memorandum of Association’ and ‘Articles of Association’.

Chapter 8: Sources of Business Finance

Important Question from this chapter are:

1. What is business finance. Why does business need finance? Explain.
2. What is the difference between GDR and ADR?
3. List sources of raising long-term and short-term finance.

Preparing for Boards & CUET together? Check prep tips!  

The Class 11 Business Studies Preparation may help you build a solid foundational understanding for the CUET. Early preparation is the key to success on this highly competitive exam.

So, while you are doing class 11 Business Studies preparation, you can prepare the basics for the CUET exam as well. 

Chapter 9: Small Business

Important Questions from this chapter are:

1. What measures has the government taken to solve the problem of finance and marketing in the small-scale sector?
2. What are the incentives provided by the government for industries in backward and hilly areas?

Chapter 10: Internal Trades

Important Questions from this chapter are:

1. Discuss the features of a departmental store. How do they differ from multiple shops or chain stores?
2. Distinguish between single-line stores and speciality stores. Can you identify such stores in your locality?
3. What are services offered by retailers to wholesalers and consumers?

Chapter 11:International Business Part - I

Important Questions from this chapter are:

1. Enumerate limitations of Contract Manufacturing.
2. Differentiate between international trade and international business.
3. What is international business? How is it different from domestic business?
4. What is invisible trade? Discuss the salient features of India’s trade in services.

Chapter 12:International Business Part - II

Important Question from this chapter are:

1. What is a Letter of Credit? Why does an exporter need this document?
2. What is the IMF? Discuss its various objectives and functions.
3. Write a detailed note on features, structures, objectives and functioning of WTO.

Access class 11 Business Studies preparation notes pdf

Short Tricks and Tips to Solve Case Studies

Preparing for Class 11 Business Studies also requires equal attention to case studies.

• Case Studies are nothing but practical questions based on the theory part of Business Studies.
• Most of you may feel comfortable with the theory part but lack analytical reasoning while solving the case studies.

Here are some tips and tricks to practice and solve Case studies efficiently:

• After completing each chapter, solve case study questions based on the chapter.
• After completing the course, solve the maximum number of case study questions from class 11 B.St sample papers and previous year papers.
• Don’t go for sample papers and previous year's papers before completing the course.
• Work on better handwriting and presentation skills to clearly describe answers to the case study questions.
• Don't read anything new at least a week before the exam. As something new or unpredictable at that point in time may unnecessarily decrease your confidence.
• Read the case study problem very carefully first before concluding with the answers.
• Always write answers with reasoning.
• Some Case Studies are likely to have multiple answers. In such a case, write the most favourable answer with reasons.
• Put a note (in brackets ) and write the other answer, which is also an expected answer to the question, for why this answer might also be the written answer.
• Every year, one or two general case study questions are also asked. Keep in mind that these questions are not topic-bound. So, provide general answers to this type of question.

Key Takeaways 

While learning how to prepare for Class 11 Business Studies, remember: 

• Short revision notes are one of the most efficient and time-saving ways of studying.
• The concepts you master in class 11th are also tested in your class 12th board exams. 
• Your revision notes must be simple, short, informative and easy to understand for better performance.
• Save your precious time during exam preparation by clearing your doubts with subject mentors and teachers as and when they occur.