Chapter 25: Government Schemes for Entrepreneurial Development — Online MCQ Test
COMMERCE · CLASS 12th · Tamil Nadu State Board
Practice Chapter 25: Government Schemes for Entrepreneurial Development with a free chapter-wise online MCQ test.
This chapter covers: Focusing on institutional support this chapter outlines Indian and Tamil Nadu government schemes promoting innovation. Students learn procedural steps required to launch and fund n....
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Chapter 25: Government Schemes for Entrepreneurial Development — Important Questions & Answers
Which Tamil Nadu government scheme provides financial assistance and support for first-generation entrepreneurs?
- A. New Entrepreneur-cum-Enterprise Development Scheme (NEEDS)
- B. Prime Minister’s Employment Generation Programme (PMEGP)
- C. MUDRA Yojana
- D. Stand-Up India
Answer: A. New Entrepreneur-cum-Enterprise Development Scheme (NEEDS)
NEEDS is a Tamil Nadu government scheme designed to support first-generation entrepreneurs with training and financial assistance.
NEEDS is a Tamil Nadu government scheme designed to support first-generation entrepreneurs with training and financial assistance.
The main objective of the Prime Minister’s Employment Generation Programme (PMEGP) is to:
- A. Promote only large-scale industries
- B. Generate employment through setting up micro enterprises
- C. Provide free land for all businesses
- D. Encourage only export-oriented units
Answer: B. Generate employment through setting up micro enterprises
PMEGP aims to create employment by supporting micro enterprises in rural and urban areas.
PMEGP aims to create employment by supporting micro enterprises in rural and urban areas.
A college graduate from Tamil Nadu wants to start a manufacturing unit and needs training, project guidance, and term loan support. Which scheme is most suitable?
- A. NEEDS
- B. Atal Pension Yojana
- C. Kisan Credit Card
- D. Pradhan Mantri Awas Yojana
Answer: A. NEEDS
NEEDS is meant for educated youth and first-generation entrepreneurs, offering training, guidance, and assistance for setting up enterprises.
NEEDS is meant for educated youth and first-generation entrepreneurs, offering training, guidance, and assistance for setting up enterprises.
A woman entrepreneur from a rural area wants support to start a small service enterprise. Which scheme is most likely relevant if the focus is on micro-enterprise assistance through bank credit?
- A. Stand-Up India
- B. MUDRA Yojana
- C. Sukanya Samriddhi Yojana
- D. National Savings Certificate
Answer: B. MUDRA Yojana
MUDRA provides credit to micro and small enterprises, including service ventures, especially through banks and financial institutions.
MUDRA provides credit to micro and small enterprises, including service ventures, especially through banks and financial institutions.
A student says, 'I need a scheme that supports me as a first-generation entrepreneur in Tamil Nadu and also provides project guidance.' Which is the best answer?
- A. NEEDS
- B. PMAY
- C. RTE Act
- D. APY
Answer: A. NEEDS
NEEDS is specifically intended for first-generation entrepreneurs in Tamil Nadu and includes support such as training and project guidance.
NEEDS is specifically intended for first-generation entrepreneurs in Tamil Nadu and includes support such as training and project guidance.