ICSE Syllabus Class 10 Commercial Studies

ICSE Class 10 Commercial Studies Syllabus

The ICSE Board emphasizes on application-based learning. The ICSE curriculum aims to raise the quality of education by providing students with a solid foundation through global content and interactive teaching methods. The curriculum focuses on helping students to think, thus developing problem-solving abilities. The ICSE Class 10 Commercial Studies Syllabus gives equal importance to all languages and subjects. The comprehensive and balanced education system helps students develop their skills and pursue their goals. 

The  Commercial Studies paper develops a critical perspective and response based on various global, national and local contexts. The ICSE Class 10 Commercial Studies Syllabus talks about different methods and techniques for doing business. To plan a timetable for the Class 10 examination, students must refer to the Syllabus provided by Extramarks for free. The Syllabus guides the students to prepare the subject efficiently. With the help of this article, students will get the latest and updated essential details of the ICSE Class 10 Commercial Studies syllabus. Students are advised to use different study materials provided by Extramarks, prepared by the team of subject matter elites. 

The  Commercial Studies class 10 syllabus is quite vast, detailed, and enhances the students’ knowledge. The 100 marks  Commercial Studies examination has two parts: External and Internal evaluation. Students may get insight into all the essential details about the Syllabus for Commercial Studies ICSE class 10 on Extramarks.

ICSE Class 10 Commercial Studies Syllabus 2023-24

Extramarks provides a detailed ICSE Class 10 Commercial Studies Syllabus. The list of chapters that students have to study for their Class 10 examination has been listed below:

Sr. No. Chapters
1. Stakeholders in Commercial Organizations
2. Marketing and Sales
3. Advertising and Sales promotion
4. Consumer Protection
5. E-commerce
6. Capital and Revenue Expenditure Income
7. Fundamental Concepts of Cost
8. Budgeting
9. Sources of Finance
10.  Recruitment, Selection and Training
11. Industrial relations and Trade Unions
12. Logistics and Insurance
13. Banking
14. Striving for Better Environment

The Commercial Studies subject is bifurcated into six modules. To get a clear picture of all topics and sub-topics included in the ICSE Class 10 Commercial Studies syllabus, students can refer to the unit-wise detailed breakup of the chapters: 

Unit 1: Stakeholders in Commercial Organisations

This section of the ICSE Class 10 Commercial Studies syllabus explains the difference between two types of stakeholders, i.e. Internal and External. Under the Internal stakeholder, the concept of Employer and employee is highlighted. Furthermore, in External stakeholders, the meaning of supplier, creditor, the government and society is explained in detail. Also, students will learn about their expectations from a commercial organization. 

Unit 2: Marketing and Sales

In this module of Commercial Studies ICSE class 10, topics like marketing, product, pricing and service are included. Students will also learn the difference between marketing and sales, product and service, and their objectives. The meaning of Advertising, its importance, merits and demerits and the differentiation between advertising and publicity is explained in detail. It also gives knowledge about Advertising agencies and their functions. Social advertising media, sales promotion and its techniques are also discussed in this unit. 

Students also learn about the consumer protection act (2019) and its features. The rights of consumers, the importance of consumer awareness, and consumer exploitation are explained in detail in this chapter. The module in ICSE Class 10 Commercial Studies syllabus also includes the concept of E-Commerce, its benefits, ERP, and its modules.

Unit 3: Finance and Accounting

In the ICSE syllabus class 10 Commercial Studies, unit 3 covers all concepts related to Financing and accounts. Topics related to capital and revenue, such as the difference between capital and revenue expenditure and deferred revenue expenditure, are explained in detail with the help of examples. Students will also gain information about Trading accounts, Profit and Loss accounts, and Balance sheets under the final reports of the sole proprietorship topic. Fundamental concepts of costs and budgeting like classification and nature of costs, differentiation between budget and forecast, and types of budget are also included here. Information about sources of finance, capital market, long term and short-term sources of raising capital is also discussed in this unit. 

Unit 4: Human Resources

Within this section of the ICSE class 10 Commercial Studies syllabus, recruitment concepts such as internal and external sources are discussed. Also, selection topics with their types and training with objectives and methods. Information about industrial relations, its goals, and functions of trade unions. The concept of social security along with Provident Fund (PF), pension, insurance, and pension scheme. 

Unit 5: Logistics and Banking

This unit of ICSE Class 10 Commercial Studies syllabus explains the meaning of logistics and its classification based on transportation, warehousing, and insurance. Different types of insurance with its principle are explained. Concepts of banking include the difference between the Central Bank and Commercial Banks, Internet banking, ATMs, and Credit and Debit cards. The exemplary steps taken while using these cards are also explained in this module. 

Unit 6: Environment Protection

This unit of ICSE Class 10 Commercial Studies syllabus enlists the features of the Protection of Environment Act (1986) and the Central Pollution Control Board. 

The ICSE Class 10 Commercial Studies Syllabus helps students acquire in-depth knowledge of concepts, laws, principles, advantages, etc., in the subject. To get familiar with the basic terms and fundamental ideas of Commercial Studies, students may refer to the study material provided by Extramarks.

ICSE 10 Commercial Studies Paper Pattern

Knowing the ICSE class 10 Commercial Studies syllabus and exam pattern is very important to understand the division of marks, weightage of topics, type of questions asked and the difficulty level of questions. Students will get familiar with the examination pattern and be confident. It will also help them to manage time and focus on various ICSE important questions

Students can attain a maximum of 100 marks on the Commercial Studies paper. These marks are distributed between theory and practical examinations in the 80-20 ratio. This means that the entire theory paper is a total of 80 marks. It must be solved in a duration of 120 minutes (2 hours). 

The theory paper is bifurcated into two sections. Section A is of 40 marks consisting of short answer questions, MCQs, and Objectives. Section B consists of long answer questions based on the entire ICSE Class 10 Commercial Studies syllabus. Students can gain a maximum of 40 marks by attempting correct answers to any four out of six questions. Students are advised to pay equal attention to Objective type questions and brief answer questions to attain high scores in the theory paper. 

The concepts learnt for the theory paper must be put into practice in the Practical examination. The schools conduct internal assessments and evaluate the students on the basis of their performance and practical knowledge. This paper has a total of 20 marks. 

ICSE Class 10 Commercial Studies Syllabus – Weightage

The  Commercial Studies portion has two units. The marks are distributed on the basis of the units. The chapter-wise weightage for the ICSE class 10 Commercial Studies syllabus is given below: 

Semester 1: (40 marks) Semester 2: (40 marks)
Unit 1: Stakeholders in Commercial Organizations Unit 3: Finance and Accounting (remaining topics)
Unit 2: Marketing and Sales Unit 4: Human Resources
Unit 3: Finance and Accounting (only topic of 1. capital and revenue; 2. costs) Unit 5: Logistics and Banking
Unit 6: Environment Protection

ICSE 10 Commercial Studies: Study Materials

Extramarks provides the ICSE Class 10 Commercial Studies Syllabus and other study materials for students appearing for the board exams. It is advised for students to plan a strategy and study with the help of the ICSE Solutions and other Extramarks academic notes. It helps to deepen the understanding and to clarify doubts and queries. The ICSE revision note includes key points and a summary of every chapter included in the ICSE Class 10 Commercial Studies Syllabus. The study materials are prepared in an easy manner on the basis of the latest rules and regulations issued by the ISC & ICSE Syllabus

Students should appear for the ICSE Sample question papers and mock tests. It will help them to analyze themselves based on the preparation level. Every minute detail and information in the Syllabus and study materials are apt and accurate. 

Click on the below links to get access to the best academic notes from Extramarks, an online learning platform. 

ICSE Revision Notes

ICSE Solutions

ICSE Important Questions 

ICSE Question Paper

ICSE Sample Question Papers

Benefits Of Studying From ICSE Class 10 Commercial Studies Syllabus

The benefits of referring to the ICSE Class 10 Commercial Studies Syllabus while studying include

  • Students will learn and gain insight about important business operations and understand the establishment and running of enterprises.
  • The Syllabus includes accurate details based on the updated guidelines by the ICSE boards.
  • It helps students know the weightage of chapters and the marking system. This enables them to plan and design a structure for their exam preparation effectively.
  • The Syllabus is accessible for students from anywhere on any mobile, laptop, tablet, or PC device.
  • The Unit-wise list included in the ICSE Class 10 Commercial Studies Syllabus helps avoid confusion.

Visit the Extramarks website to access the Extramarks study materials prepared by the subject matter elites. Students can also Click Here to get more details about the ICSE Class 10 Commercial Studies Syllabus.

ICSE Commercial Studies Class 10 Syllabus

There is one written paper of two hours duration carrying 80 marks and Internal Assessment of 20 marks. The paper is divided into two sections: A and B.

Section A (Compulsory) consists of questions requiring short answers and covers the entire syllabus. There is no choice of questions. Section B consists of questions, which require detailed answers. There is a choice and you are required to answer four questions from this section.

1. Stakeholders in Commercial Organisations

(a) Meaning of stakeholder, types: Internal (shareholder, employee and employer – meaning of each) and External stakeholders (supplier, creditor, government and society – meaning of each); differences between internal and external stakeholders.

(b) Expectations of employers (owners and managers), employees, creditors and suppliers, government and society from a commercial organization.

2. Marketing and Sales

(a) Marketing

Meaning and objectives of marketing. Difference between marketing and sales.

(b) Product and service

Meaning and difference between a product and a service (with examples).

(c) Pricing

Meaning and objectives

(d) Advertising and Sales promotion

Advertising: meaning, importance of advertising, merits and demerits, difference between advertising and publicity, Advertising Agency; meaning and functions only, Social advertising media – Concept and examples only.

Sales promotion: meaning and techniques; difference between advertising and sales promotion.

(e) Consumer Protection

Consumer Protection Act (2019); features of the Act, rights of a consumer, Consumer exploitation; meaning and types, Importance of consumer awareness.

(f) E-commerce

Introduction and benefits over traditional methods of transactions, E-tailing, E-advertising, E-marketing and E-security (meaning only). ERP and its modules (brief concept).

4. Finance and Accounting

(a) Capital and Revenue

Capital and revenue receipts, capital and revenue expenditure (meaning, difference and examples) deferred revenue expenditure (meaning and examples)

(b) Final accounts of Sole Proprietorship

Meaning and preparation of Trading account, Profit and Loss account and Balance sheet based on the given trial balance with the adjustment of closing stock only.

(Preparation of manufacturing account, profit and loss on sale of assets, intangible and fictitious assets, prepaid and accrued expenses and incomes are excluded.)

(c) Costs

Fundamental concept of Cost Classification of costs- based on behaviour (fixed, variable, semi-variable), nature (direct, indirect).

(d) Budgeting

Meaning and utility of budgeting; comparison between budgeting and forecasting; types of budgets: sales, production, cash, purchase and master – meaning only.

(e) Sources of Finance

(i) Capital Market

Meaning and functions of Capital Market.

(ii) Sources of raising capital.

Long term: Meaning of shares (Types; preference and equity) and debentures, differences between the two.

Short term: loans from commercial banks (cash credit, overdraft, discounting of bills – meaning only).

5. Human Resources

(a) Recruitment, selection and training.

(i) Recruitment – meaning; sources: internal and external; advantages and disadvantages of internal and external sources.

(ii) Selection – meaning and steps, types of selection tests.

(iii) Training – meaning, objectives and methods of training (on the job and off the job).

(b) Industrial relations and trade unions.

Industrial relations: Meaning and objectives; Trade Unions: Meaning and Functions.

(c) Social Security

Concept of Social Security; brief reference to Provident Fund, Gratuity, Pension, Group Insurance and Maternity Benefits. New Pension Scheme. (Acts are not required).

6. Logistics

Meaning of logistics and its classification.

(a) Transportation

Modes of transportation: land (road and rail), air and water; merits and demerits of each.

(b) Warehousing

Meaning, importance and types (public, private and bonded – meaning only).

(c) Insurance

Meaning; Types of insurance: Life insurance, General insurance; (Fire, Health and Marine – meaning only) principles of insurance.

6. Banking

(i) Central Bank

Central Bank: Meaning and functions, Difference between the Central Bank and Commercial Banks.

(ii) Internet Banking

Modes of transferring money / Net Banking: NEFT, RTGS, IMPS, mobile wallets: meaning only.

ATM, Credit & Debit cards- meaning &difference, caution to be taken while using these cards.

(iii) Financial fraudulent practices

Credit card fraud, false accounting, insurance fraud, intellectual property fraud, internet and cyber fraud. A brief understanding of these types of financial fraud.

7. Government Initiatives in Environment Protection

(i) Environment (Protection) Act, 1986 – Features of the act.

(ii) Central Pollution Control Board – Functions only

For viewing question paper please click here

FAQs (Frequently Asked Questions)

1. What are the best reference books for Class 10 Commercial Studies?

Students must use the best reference books along with the ICSE class 10 Commercial Studies syllabus. They are very important for a student’s academic success. It helps to brush up on the understanding and facilitates learning. 

  • Commercial Applications by CB Gupta.
  • Mastering Commercial Applications Book for classes 9 and 10
  • All In One Class 10 Science by Arihant publications
  • A Text Book Of ICSE Commercial Studies Class – 10 by A. Ghosh & A. Banerjee

2. How should I study to cover the entire ICSE class 10 Commercial Studies syllabus?

Planning your studies is very crucial. Students must study with the help of the ICSE class 10 Commercial Studies syllabus and plan a schedule. Use time management strategies to learn all formulas and important concepts. Aim for perfection in your answers to attain a high score in the Class 10 ICSE Board examinations. Also, go through the tips, tricks and shortcut methods given on Extramarks website to learn all concepts quickly.