Chapter Exam

Chapter 25: Government Schemes for Entrepreneurial Development — Online MCQ Test

Q: 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?

Answer: A. NEEDS — NEEDS is meant for educated youth and first-generation entrepreneurs, offering training, guidance, and assistance for setting up enterprises.

Q: 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?

Answer: B. MUDRA Yojana — MUDRA provides credit to micro and small enterprises, including service ventures, especially through banks and financial institutions.

Q: 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?

Answer: A. NEEDS — NEEDS is specifically intended for first-generation entrepreneurs in Tamil Nadu and includes support such as training and project guidance.

COMMERCE · CLASS 12th · Tamil Nadu State Board

Practice Chapter 25: Government Schemes for Entrepreneurial Development with a free chapter-wise online MCQ test for Tamil Nadu State Board CLASS 12th COMMERCE. 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.... AI-generated questions from basic to board-exam level, with instant results and explanations.

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Chapter 25: Government Schemes for Entrepreneurial Development — Important Questions & Answers (FAQ)

Frequently asked questions from Tamil Nadu State Board CLASS 12th COMMERCE — Chapter 25: Government Schemes for Entrepreneurial Development, with answers and explanations. These are sample questions; the exam has its own separate question set.

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.

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.

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.

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.

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.

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Chapter 26: Companies Act 2013