12th Commerce - Book Back Answers - Chapter 25 - English Medium Guides

  

 

Plus Two / 12th Commerce - Book Back Answers - Chapter 25 - English Medium

Tamil Nadu Board 12th Standard Commerce - Chapter 25: Book Back Answers and Solutions

    This post covers the book back answers and solutions for Chapter 25 – Commerce from the Tamil Nadu State Board 12th Standard textbook. These detailed answers have been carefully prepared by our expert teachers at KalviTips.com.

    We have explained each answer in a simple, easy-to-understand format, highlighting important points step by step under the relevant subtopics. Students are advised to read and memorize these subtopics thoroughly. Once you understand the main concepts, you’ll be able to connect other related points with real-life examples and confidently present them in your tests and exams.

    By going through this material, you’ll gain a strong understanding of Commerce Chapter 25 along with the corresponding book back questions and answers (PDF format).

Question Types Covered:

• 1 Mark Questions: Choose the correct answer, Fill in the blanks, Identify the correct statement, Match the following 
• 2 Mark Questions: Answer briefly 
• 3, 4, and 5 Mark Questions: Answer in detail

All answers are presented in a clear and student-friendly manner, focusing on key points to help you score full marks.

All the best, Class 12 students! Prepare well and aim for top scores. Thank you!

Chapter 25

 Government Schemes for Entrepreneurial Development

I. Choose the correct answer.

1. The ___________ initiative was launched to modernize the Indian economy to make all  governments services available electronically.
a) Standup India     
b) Startup India     
c) Digital India       
d) Make in India
Answer Key:
c) Digital India

2. ________ is designed to transform India to a global design and manufacturing hub.
a) Digital India     
b) Make in India         
c) Startup India     
d) Design India.
Answer Key:
b) Make in India

3. ___________ is the Government of India’s endeavour to promote culture of innovation and entrepreneurship.
a) AIM         
b) STEP         
c) SEED         
d) AIC
Answer Key:
a) AIM     

4. ___________ should cover aspects like sources of finance, technical know-how, source of labour and raw material, market potential and profitability.
a) Technical Report      
b) Finance Report       
c) Project Report     
d) Progress Report
Answer Key:
c) Project Report

5. ____________has to include the mechanism for managing venture in the project report.
a) Banker     
b) Government        
c) Lending Institutions       
d) Entrepreneur
Answer Key:
d) Entrepreneur

II. Very short answer questions.

1. Name any two Governmental Entrepreneurial schemes.
Answer Key:

• Startup India
• Make in India
• Atal Innovation Mission (AIM)

2. Give a note on ‘Digital India’.
Answer Key:

• The Digital India initiative has been launched to modernize the Indian economy to make all government services available electronically.
• The initiative aims at transforming India into a digitally-empowered society and knowledge economy with universal access to goods and services.  

3. List down the two types of finance for Entrepreneur.
Answer Key:

• Entrepreneur requires two types of finance namely long term and short term.
• While long-term requirements are needed for acquiring fixed assets
• Short-term requirement are meant for meeting working capital needs.

III. Short answer questions.

1. What is ‘Startup India’?
Answer Key:

• Through the Startup India initiative, Government of India promotes entrepreneurship by mentoring, nurturing and facilitating startups throughout their life cycle.
• Since its launch in January 2016, the initiative has successfully given a head start to numerous aspiring entrepreneurs.
• A ‘Fund of Funds’ has been created to help startups gain access to funding.

2. Expand the following: i) STEP ii) JAM iii) SEED
Answer Key:
STEP:

• Support to Training and Employment Programme for Women (STEP)
• STEP was launched by the Government of India’s Ministry of Women and Child Development to train women who have access to formal skill training facilities, especially in rural India.

JAM:

• Jan Dhan-Aadhaar - Mobile (JAM)
• JAM, for the first time, is a technological intervention that enables direct transfer of subsidies to intended beneficiaries and, therefore, eliminates all intermediaries and leakages in the system.

SEED:

• Science for Equity Empowerment and Development (SEED)
• SEED aims to provide opportunities to motivated scientists and field level workers to undertake action-oriented, location specific projects for socio-economic gain, particularly in rural areas.

IV. Long answer questions.

1. Explain any five Government Entrepreneurial schemes.
Answer Key:
Startup India:

• Through the Startup India initiative, Government of India promotes entrepreneurship by mentoring, nurturing and facilitating startups throughout their life cycle.

Support to Training and Employment Programme for Women (STEP):

• STEP was launched by the Government of India’s Ministry of Women and Child Development to train women who have access to formal skill training facilities, especially in rural India.

Jan Dhan-Aadhaar - Mobile (JAM):

• JAM, for the first time, is a technological intervention that enables direct transfer of subsidies to intended  beneficiaries and, therefore, eliminates all intermediaries and leakages in the system.

Digital India:

• The Digital India initiative has been launched to modernize the Indian economy to make all government services available electronically.

Science for Equity Empowerment and Development (SEED):

• SEED aims to provide opportunities to motivated scientists and field level workers to undertake action-oriented, location specific projects for socio-economic gain, particularly in rural areas.

2. Describe the steps promoting Entrepreneurial venture.
Answer Key:
Selection of the product:

• An entrepreneur may select a product according to his aspiration, capacity and motivation after a thorough scrutiny of micro and macro environment of business.

Selection of form of ownership:

• Entrepreneur has to choose the form of organisation suitable and appropriate for his venture namely family ownership, partnership and private limited company.

Designing Capital Structure:

• Entrepreneur has to determine the source of finance for funding the venture.

Acquisition of manufacturing know-how:

• Entrepreneur can acquire manufacturing know-how from Government research laboratories, research and development divisions of industries, and individual consultants.

Preparation of project report:

• Project reports needs to be prepared according to the format prescribed in the loan application form of term lending institutions.

 

Prepared By:

 

B. MUTHUKUMAR 
PG ASST COMMERCE
MKVK MATRIC HR SEC SCHOOL 
TENKASI