11th Commerce - Book Back Answers - Chapter 21 - English Medium Gudies

 

 

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Tamil Nadu Board 11th Standard Commerce - Chapter 21: Book Back Answers and Solutions

    This post covers the book back answers and solutions for Chapter 21 – Commerce from the Tamil Nadu State Board 11th Standard Commerce 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 21 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 11 students! Prepare well and aim for top scores. Thank you!

Chapter 21: MICRO, SMALL AND MEDIUM
ENTERPRISES (MSMEs) AND
SELF HELP GROUPS (SHGs)

I. Choose the correct answer

1. MSMED Act was enacted in the year
(a) 2004
(b) 2007
(c) 2006
(d) 2008
Answer key:
(c) 2006

2. MSMEs are important for the nation’s economy because they significantly contribute to
(a) industrial production
(b) exports
(c) employment
(d) all the above
Answer key:
(d) all the above
 
3. Self help groups convert the savings into a common fund known as
(a) Common fund    
(b) Group corpus fund
(c) Group fund
(d) none of the above
Answer key:
(b) Group corpus fund
 
4. There are ______ distinct modes of credit to Self Help Groups.
(a) 1
(b) 2
(c) 3
(d) 4
Answer key:
(c) 3

5. Investment limit of a micro enterprise under manufacturing sector does not exceed  __________ lakhs
(a) 10
(b) 20
(c) 25
(d) 50
Answer key:
(c) 25

II. Very Short answer questions

1. Give some examples for micro enterprises.

• clay pot making         
• fruits and vegetable vendors         
• repair shops
• cottage industries     
• small industries

2. What is the aim of NEEDS?

• Government of Tamil Nadu launched “New Entrepreneur-cum-Enterprise Development Scheme (NEEDS)” with a view to encouraging the educated youth to become the first generation entrepreneurs.

3. What is a Self Help Groups?

• Self Help Group is a small informal voluntary association created for the purpose of enabling members to reap economic benefit out of mutual help, solidarity, and joint responsibility.

III. Short answer questions

1. List out the products produced by MSME in Tamil Nadu.

• Textiles       
• chemicals        
• Garments          
• Jewelry      
• Plastics    
• Leather products

2. What is the role and significance of MSMEs in Indian Economy?
Employment Potential:

• MSMEs generate more employment opportunities than large business concerns.   

Low Production Cost:

• MSMEs do not require skilled labourers or professionals to run the organisation.

Low Investment:

• MSMEs do not require a huge capital to start the unit.

3. Explain any three features of Self Help Group.

• Self Help Group is homogeneous in terms of economic status.
• The ideal size of a Self Help Group ranges between 10 and 20 members.
• The groups need not be registered.

IV. Long answer questions

1. Explain MUDRA Bank.

• The Government of India has launched MUDRA Bank with a capital amount of Rs20,000 crore, and credit guarantee corpus of  Rs3,000 crore, to help MSME and start-ups to resolve problems relating to financing.
•  MUDRA Bank refinances micro-Finance Institutions through a Pradhan Mantri Mudra Yojana.
• These measures will greatly increase the self confidence of young, educated or skilled workers who would now be able to aspire to become  first generation entrepreneurs.

2. What are the objectives of SHGs? (any 5)

• Focusing on empowerment of women.
• Saving people from the clutches of money lenders
• Promoting entrepreneurship skills among women.
• Elevating the economic standard of the member’s families.
• Enabling the members to overcome all social and economic barriers.