This quiz works best with JavaScript enabled. Home > Cbse > Class 12 > Commerce > Entrepreneurship > Class 12 Entrepreneurship Chapter 6 Government Policies And Support To Entrepreneurship – Quiz 3 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 12 Entrepreneurship Chapter 6 Government Policies And Support To Entrepreneurship Quiz 3 (60 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. The reduction of money supply can be attain by ..... A) Government selling assets. B) Government buying more products locally. C) Central bank buying back government bonds. D) Central bank selling government bonds. E) Central bank creating new jobs. Show Answer Correct Answer: D) Central bank selling government bonds. 2. The Central bank controls the reference rate. Why is this rate so important? A) It is the base of inflation. B) It is the base of all loans. C) It is the base of the exchange rate. D) It is the base of unemployment rate. E) All of the above. Show Answer Correct Answer: B) It is the base of all loans. 3. Under the "Stand-Up India" scheme, what percentage of the total loans are reserved for women entrepreneurs? A) 25%. B) 50%. C) 10%. D) 30%. Show Answer Correct Answer: D) 30%. 4. What is the role of regulatory policy in the economy? A) To regulate the supply of money in the economy. B) To achieve economic growth, full employment, and price stability. C) To enforce voluntary contracts. D) To maintain law and order, protect property rights, and enforce contracts. Show Answer Correct Answer: D) To maintain law and order, protect property rights, and enforce contracts. 5. Which of the following details the affect of British settlement towards to Australia's Aboriginals? A) Loss of home and traditional hunting grounds. B) Loss of culture. C) Death through smallpox and other diseases. D) All of the above. Show Answer Correct Answer: D) All of the above. 6. Which of the following would be an expansionary monetary policy (increase in economic growth)? A) Lowering interest rates. B) Lowering government spending. C) Raising wages of prison staff. D) Raising interest rates. Show Answer Correct Answer: A) Lowering interest rates. 7. In 1948, which document was created to explain what rights were given to all humans? A) Declaration of Independence. B) Universal Declaration of Human Rights. C) International Covenant on Civil and Political Rights. D) International Covenant on Economic, Social, and Cultural Rights. Show Answer Correct Answer: B) Universal Declaration of Human Rights. 8. Why is government enforcement of rules and institutions important in a market economy? A) To ensure businesses have complete control over market outcomes. B) To prevent competition among businesses. C) To maintain property rights and enforce rules essential for market functioning. D) To minimize government intervention in market activities. Show Answer Correct Answer: C) To maintain property rights and enforce rules essential for market functioning. 9. What is monetary policy? A) Something to do with money. B) A policy that allows central banks to influences a nation's money supply through interest rates. C) A policy that allows central banks to influences a nation's money supply through exchange rates. D) A policy that allows governments to influences a nation's money supply through interest rates. Show Answer Correct Answer: B) A policy that allows central banks to influences a nation's money supply through interest rates. 10. What is the primary goal of the U.S. Trade Representative? A) Promoting world peace. B) Establishing free and open trade. C) Supporting democracy. D) Providing aid to people in need. Show Answer Correct Answer: B) Establishing free and open trade. 11. What is the Stolen Generation? A) A generation of people who moved out of the country. B) A generation that survived on stealing from Europeans. C) A generation of Indigenous Australians that were taken and raised by white people. D) A generation of babies that disappeared mysteriously, likely stolen and raised by kangaroos and dingos. Show Answer Correct Answer: C) A generation of Indigenous Australians that were taken and raised by white people. 12. Which is a Gross Domestic Product calculation that takes into consideration the effect of inflation on GDP? A) Nominal GDP. B) Real GDP. C) All the above. D) None of the above. Show Answer Correct Answer: A) Nominal GDP. 13. Which monetary policy tool would be expansionary? A) Increased interest rates. B) Increased money supply. C) Decreased interest rates. D) Increased government spending. Show Answer Correct Answer: C) Decreased interest rates. 14. What does the Fourteenth Amendment to the U.S. Constitution guarantee? A) Right to a speedy trial. B) Freedom of religion. C) Equal protection under the law. D) Right to privacy. Show Answer Correct Answer: C) Equal protection under the law. 15. Which Indian government policy aims to boost the ease of doing business and promote entrepreneurship in the country? A) GST. B) Make in India. C) National Entrepreneurship and Small Business Development Board. D) Startup India Hub. Show Answer Correct Answer: D) Startup India Hub. 16. What government agency is responsible for helping young children and needy families? A) The Department of Veterans Affairs. B) The Internal Revenue Service. C) The Department of Health and Human Services. D) The National Security Agency. Show Answer Correct Answer: C) The Department of Health and Human Services. 17. What did governments want to achieve through policies of protection? A) To help Indigenous people achieve recognition of their land rights. B) To help Indigenous people gain citizenship. C) To control all aspects of Indigenous people's lives. D) To encourage all states to give Indigenous people the vote. Show Answer Correct Answer: C) To control all aspects of Indigenous people's lives. 18. What Is Fiscal Policy? A) The finance department. B) A policy to monitor exchange rates. C) When a government adjusts its spending levels and tax rates to monitor and influence a nation's economy. D) A law set by the government. Show Answer Correct Answer: C) When a government adjusts its spending levels and tax rates to monitor and influence a nation's economy. 19. Goal:Decrease interest rates A) Contract economy. B) Expand economy. C) All the above. D) None of the above. Show Answer Correct Answer: B) Expand economy. 20. Public infrastructure projects are typically funded by: A) Private donations only. B) Government bonds and taxation. C) Foreign governments exclusively. D) Lottery sales only. Show Answer Correct Answer: B) Government bonds and taxation. 21. What distinguishes authoritarian governments from others? A) Their titles such as monarch or dictator. B) Their practices such as curtailing individual freedoms. C) Their support for free and fair elections. D) Their emphasis on economic equality. Show Answer Correct Answer: B) Their practices such as curtailing individual freedoms. 22. Which of the following actions is an example of expansionary fiscal policy? A) A decrease in the corporate income tax rates. B) A decrease in the discount rate. C) A purchase of government securities in the open market. D) A decrease in welfare payments. Show Answer Correct Answer: A) A decrease in the corporate income tax rates. 23. Economic stability through trade A) Imposing tariffs on imported goods. B) Passing laws to promote international trade agreements. C) Restricting foreign investments. D) Encouraging local production over imports. Show Answer Correct Answer: B) Passing laws to promote international trade agreements. 24. What is a Direct Democracy? A) It's when citizens get to tell the King and Queen what to do. B) It's when citizens have direct input over laws and policies. C) It's when people get together to talk to politicians. D) It's when people get together to elect a new king. Show Answer Correct Answer: B) It's when citizens have direct input over laws and policies. 25. What is one way that governments have started taking care of our planet? A) Monitoring how much plastic is being manufactured. B) Limiting how many cars a person can have. C) By limiting how many trees are cut down. D) By trying to use wind farms to push pollution out to sea. Show Answer Correct Answer: C) By limiting how many trees are cut down. 26. Who are teachers important to? A) Puppies. B) Bus drivers. C) Communities. D) The mayor. Show Answer Correct Answer: C) Communities. 27. When was the first income tax law introduced? A) 1862 during the Civil War. B) 1822 during the flood of the Mississippi. C) 1812 during the war of 1812. D) 1776 during the creation of the Declaration of Independence. Show Answer Correct Answer: A) 1862 during the Civil War. 28. What is civic engagement in Texas' political culture? A) Voting, community involvement, and political activism. B) Business activities and entrepreneurship. C) Religious practices and rituals. D) Educational pursuits and academic achievements. Show Answer Correct Answer: A) Voting, community involvement, and political activism. 29. Small or medium business that needs government support is called A) Manufacturing. B) Tourism. C) Entrepreneurship. D) Agriculture. Show Answer Correct Answer: C) Entrepreneurship. 30. Which landmark Supreme Court case established the principle of judicial review? A) Marbury v. Madison. B) McCulloch v. Maryland. C) Roe v. Wade. D) Miranda v. Arizona. Show Answer Correct Answer: A) Marbury v. Madison. 31. What is most likely to conflict with a government's aim of price stability? A higher direct tax rates B higher government spending C higher interest rates D higher unemployment A) D. B) A. C) C. D) B. Show Answer Correct Answer: D) B. 32. Social welfare programs are designed to: A) Benefit only the wealthiest citizens. B) Reduce the government's role in the economy. C) Provide support to those in need. D) Discourage work and productivity. Show Answer Correct Answer: C) Provide support to those in need. 33. A tax for which the percentage of income paid in taxes remains the same for all income levels is known as A) A proportional tax. B) A progressive tax. C) Sales tax. D) A regressive tax. Show Answer Correct Answer: A) A proportional tax. 34. During which conflict did the U.S. declare war on Japan? A) Korean War. B) World War II. C) Vietnam War. D) World War I. Show Answer Correct Answer: B) World War II. 35. A country wants to raise its standard of living. Use reasoning and evidence to analyze how capitalism and the free market can help achieve this goal. A) By encouraging competition, innovation, and consumer choice, which can lead to higher living standards. B) By increasing government control over all businesses. C) By limiting private ownership. D) By reducing the number of available goods and services. Show Answer Correct Answer: A) By encouraging competition, innovation, and consumer choice, which can lead to higher living standards. 36. The Day of Mourning 1938 was important because ..... A) It showed white people that the Indigenous People were a force to be reckoned with. B) It marked the beginning of the civil rights movement. C) It was the first official protest. D) B and C. Show Answer Correct Answer: D) B and C. 37. Goal:Increase interest rates A) Contract economy. B) Expand economy. C) All the above. D) None of the above. Show Answer Correct Answer: A) Contract economy. 38. Which monetary policy measure would be used to slow down the economy A) Increase income tax. B) Increased interest rates. C) Decrease income tax. D) Increase government spending. Show Answer Correct Answer: B) Increased interest rates. 39. What do public and city parks provide? A) Enjoyment and recreation. B) A place to buy toys. C) Books to read. D) A list of chores. Show Answer Correct Answer: A) Enjoyment and recreation. 40. Environmental protection through government intervention A) Pollution reduction and resource preservation. B) Economic growth and industrial expansion. C) Increased resource consumption. D) Deregulation of environmental standards. Show Answer Correct Answer: A) Pollution reduction and resource preservation. 41. Structural Unemployment A) Based on changing economic conditions, like a recession. B) Unemployment that results from natural transitions in life. C) From industries that slow or shut down for a season. D) When the work available doesn't match the skill of the available workers. Show Answer Correct Answer: D) When the work available doesn't match the skill of the available workers. 42. Complete the reasoning:If the proletariat 'have nothing to lose but their chains, ' then a revolution is described as A) Inevitable and in the workers' interest. B) Illegal and against historical progress. C) Pointless because change is gradual. D) Dangerous for the wealthy and workers. Show Answer Correct Answer: A) Inevitable and in the workers' interest. 43. What historical event contributed to a strong spirit of self-reliance and resistance to external control in Texas? A) The Alamo. B) The Succession from Mexico. C) Both the Alamo and Succession. D) None of the above. Show Answer Correct Answer: C) Both the Alamo and Succession. 44. What did Marx and Engels claim the Industrial Revolution did to social classes? A) Enriched the wealthy while impoverishing the poor. B) Balanced incomes across all urban workers. C) Raised wages and profits equally for everyone. D) Destroyed the bourgeoisie through market crashes. Show Answer Correct Answer: A) Enriched the wealthy while impoverishing the poor. 45. What is a government budget? A) A budget is a sum of finances that the government allocates for a specific purpose. B) A budget shows the relationship between government revenue and government expenditure. C) A government budget is a relationship between export revenue and import expenditure. D) A government budget is the amount of money the government owes to its people. Show Answer Correct Answer: B) A budget shows the relationship between government revenue and government expenditure. 46. The Stock Market has lost 40% of its value in a week. Which policy should be used? A) Expansionary. B) Contractionary. C) All the above. D) None of the above. Show Answer Correct Answer: A) Expansionary. 47. What role does political ideology play in a government? A) It solely focuses on the government's military strategies. B) It is irrelevant to modern governments. C) It dictates the government's economic policies exclusively. D) It determines how a government views its role in society. Show Answer Correct Answer: D) It determines how a government views its role in society. 48. Political parties are most powerful in checking the power of different branches of the government when A) Revenue bills are being debated. B) The judicial branch states that a law is unconstitutional. C) Dealing with legislative rather than nonlegislative powers. D) The government is divided. Show Answer Correct Answer: D) The government is divided. 49. Which of the following products will be most likely affected by an increase in income tax? A) Jewellery. B) Salt. C) Petrol. D) Bread. Show Answer Correct Answer: A) Jewellery. 50. What would be required for a significant change to the Texas Constitution? A) A thoughtful and deliberate process. B) A sudden and hasty decision. C) A unanimous vote by the citizens. D) A decision made solely by the government. Show Answer Correct Answer: A) A thoughtful and deliberate process. 51. According to communist theory in the reading, what should happen to the means of production? A) Private ownership by efficient entrepreneurs. B) Collective ownership by the people as a whole. C) Government leases to competing managers. D) Religious charities managing essential factories. Show Answer Correct Answer: B) Collective ownership by the people as a whole. 52. What was the outcome of the 1967 Referendum to amend the Australian Constitution? A) Indigenous Australians were granted the right to vote. B) Indigenous Australians were included in the census. C) Indigenous Australians were recognised by the United Nations Human Rights Council. D) All of the above. Show Answer Correct Answer: B) Indigenous Australians were included in the census. 53. When can the government improve market outcomes? A) When there is perfect competition in the market. B) When there is no government intervention in the market. C) When buyers and sellers are in perfect agreement. D) When one group has too much market power or third-party costs/benefits are not considered. Show Answer Correct Answer: D) When one group has too much market power or third-party costs/benefits are not considered. 54. Which best describes the main objective lobbyist? A) To raise campaign funds for political parties. B) To influence public decision-making for the common good. C) To influence state legislators serving as a senator or representative on issues. D) To advise candidate on how to manage their election campaign. Show Answer Correct Answer: C) To influence state legislators serving as a senator or representative on issues. 55. A tax that takes equally from everybody is known as a(n) A) Equal tax. B) Regressive Tax. C) Progressive Tax. D) Proportional Tax. Show Answer Correct Answer: D) Proportional Tax. 56. What is one way the Federal Reserve System regulates economic activity? A) Regulating the amount of money in circulation. B) Regulating tariff rates on foreign imports. C) Regulating spending by the federal government. D) Regulating production on consumer goods. Show Answer Correct Answer: A) Regulating the amount of money in circulation. 57. Congress can decrease the U.S. production of a product by A) Placing restrictions on the product's importation. B) Heavily taxing the product. C) Removing any interstate commerce restrictions on the product. D) Removing any regulations that may apply to the product. Show Answer Correct Answer: B) Heavily taxing the product. 58. Article I, Section 8, of the Constitution, which gives Congress the power to make all laws that are necessary and proper for carrying out its duties A) Articles of Confederation. B) Necessary and proper clause. C) Appropriations bill. D) Article of Law and Order. Show Answer Correct Answer: B) Necessary and proper clause. 59. How can governments affect business activity? A) By buying shares in the business. B) By becoming a Plc. C) By changing laws and regulations. D) None of the above. Show Answer Correct Answer: C) By changing laws and regulations. 60. What is the primary focus of the "Women Entrepreneurship Platform" launched by the Government of India? A) To provide job opportunities only. B) To create a network for women entrepreneurs and support their ventures. C) To promote only traditional crafts. D) To enhance competition among large enterprises. Show Answer Correct Answer: B) To create a network for women entrepreneurs and support their ventures. ← PreviousNext →Related QuizzesCommerce QuizzesClass 12 QuizzesClass 12 Entrepreneurship Chapter 6 Government Policies And Support To Entrepreneurship Quiz 1Class 12 Entrepreneurship Chapter 6 Government Policies And Support To Entrepreneurship Quiz 2Class 12 Entrepreneurship Chapter 6 Government Policies And Support To Entrepreneurship Quiz 4Class 12 Entrepreneurship Chapter 6 Government Policies And Support To Entrepreneurship Quiz 5Class 12 Entrepreneurship Chapter 6 Government Policies And Support To Entrepreneurship Quiz 6Class 12 Entrepreneurship Chapter 6 Government Policies And Support To Entrepreneurship Quiz 7Class 12 Entrepreneurship Chapter 1 Entrepreneurship And Enterprise QuizClass 12 Entrepreneurship Chapter 2 Entrepreneurial Planning Quiz 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books