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 5 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 12 Entrepreneurship Chapter 6 Government Policies And Support To Entrepreneurship Quiz 5 (60 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Define Segregation A) The act of removing the outcasts of one culture to teach them the ways of the dominant race. B) To set apart or isolate from the main group according to race, religion, etc. C) Being excluded. D) The act of removing individuals from a group to join another. Show Answer Correct Answer: B) To set apart or isolate from the main group according to race, religion, etc. 2. Why are third parties important? A) They distract voters. B) They raise issues that the other two don't want to talk about. C) They participate in political mudslinging. D) They agree with the other two parties. Show Answer Correct Answer: B) They raise issues that the other two don't want to talk about. 3. A speaker discusses the role of government policies in fostering innovation in India. What is one of the key components of the government's initiatives that encourages new innovations in startups? A) Financial backing for international collaborations. B) Focus on reducing corporate taxes. C) Establishment of research and development hubs and incubation centers. D) Streamlined business registration procedures. Show Answer Correct Answer: C) Establishment of research and development hubs and incubation centers. 4. A regressive tax is ..... A) A tax that generates revenue for the government. B) A tax that takes into account how much a person makes. C) A tax that is the same for each person. D) A taxes that impacts each person based on their ability to pay. Show Answer Correct Answer: C) A tax that is the same for each person. 5. What type of funding support is available for startups under the Startup India initiative? A) Fund of Funds for Startups (FFS). B) Angel investment only. C) No funding support is available. D) Only bank loans. Show Answer Correct Answer: A) Fund of Funds for Startups (FFS). 6. Peacefully assembling with your neighbors to protest how tax dollars are being spent is an example of a/an A) Effective method of participation in the political process. B) Privilege guaranteed in the Declaration of Independence. C) Attempt to amend the United States Constitution. D) Right reserved for natural-born, voting-age citizens. Show Answer Correct Answer: A) Effective method of participation in the political process. 7. Which of the following would be an expansionary fiscal policy (increasing economic growth)? A) Lowering income tax. B) Printing money. C) Lowering government expenditure (spending). D) Raising the value of £. Show Answer Correct Answer: A) Lowering income tax. 8. What does the passage suggest students will become better judges of as they study economics? A) The effectiveness of government policies in promoting efficiency or equality. B) The impact of market outcomes on political processes. C) The perfection of the political process in making policies. D) The role of angels in making public policy decisions. Show Answer Correct Answer: A) The effectiveness of government policies in promoting efficiency or equality. 9. The president's refusal to spend money Congress has voted to fund a program A) Checks and Balances. B) National Budget. C) Line-Item Veto. D) Impoundment. Show Answer Correct Answer: D) Impoundment. 10. Increase money supply A) Contract economy. B) Expand economy. C) All the above. D) None of the above. Show Answer Correct Answer: B) Expand economy. 11. What does the Tenth Amendment to the U.S. Constitution emphasize? A) Powers prohibited to the states. B) Powers reserved to the people. C) Powers reserved to the states or the people. D) Powers delegated to the federal government. Show Answer Correct Answer: C) Powers reserved to the states or the people. 12. What type of fiscal policy involves increasing government spending and reducing taxes? A) Expansionary fiscal policy. B) Monetary policy. C) Contractionary fiscal policy. D) Trade policy. Show Answer Correct Answer: A) Expansionary fiscal policy. 13. The amount of money banks must keep "in the vault" an not loan out or invest. A) DIscount Rate. B) Fiscal Policy. C) Open Market Operations. D) Reserve Requirement. Show Answer Correct Answer: D) Reserve Requirement. 14. Role of government in infrastructure maintenance A) Oversee and fund the maintenance and development of public infrastructure. B) Privatize all public infrastructure projects. C) Limit involvement to emergency repairs only. D) Provide tax incentives for private infrastructure development. Show Answer Correct Answer: A) Oversee and fund the maintenance and development of public infrastructure. 15. Which feature most clearly distinguishes capitalism from communism as described? A) Private ownership and competition among firms. B) Central planning and fixed consumer rations. C) Mandatory equal incomes for all workers. D) Abolition of money and barter-only trade. Show Answer Correct Answer: A) Private ownership and competition among firms. 16. The government increases deductions for households with students attending college A) Tax Policy. B) Spending Policy. C) All the above. D) None of the above. Show Answer Correct Answer: A) Tax Policy. 17. Jake wants to help his community. What would be the best action for improving his community? A) Riding his bike. B) Playing with friends. C) Picking up trash. D) Going to school. Show Answer Correct Answer: C) Picking up trash. 18. Which of the following is a primary objective of MSME development? A) Promoting large-scale industries. B) Enhancing the competitiveness of small businesses. C) Reducing government regulation. D) Increasing foreign investment only. Show Answer Correct Answer: B) Enhancing the competitiveness of small businesses. 19. What factors shape the policy contexts in Texas? A) Demographics, history, and political culture. B) Economy, education, and healthcare. C) Religion, media, and infrastructure. D) Government, corporations, and foreign relations. Show Answer Correct Answer: A) Demographics, history, and political culture. 20. Governments use taxation to ..... A) Encourage or discourage certain economic decisions. B) Use the money generated from individuals and businesses to run the country. C) For providing public services such as schools, hospitals, policing etc. D) All of the above. Show Answer Correct Answer: D) All of the above. 21. Groups of people who work together for similar interests or goals A) Interest Groups. B) Goalies. C) Goal Groups. D) District Groups. Show Answer Correct Answer: A) Interest Groups. 22. Expansionary Policy A) When the government seeks to boost the economy by increasing the money supply. B) Amount of money the government spends per year. C) When the government seeks to slow the economy by limiting the money supply. D) Difference between spending and revenue each year. Show Answer Correct Answer: A) When the government seeks to boost the economy by increasing the money supply. 23. The people a member of Congress represents A) Voters. B) Cabinet. C) Senators. D) Constituents. Show Answer Correct Answer: D) Constituents. 24. A set of plans for dealing with national problems A) Domestic Policy. B) Foreign Policy. C) National Policy. D) US policy. Show Answer Correct Answer: A) Domestic Policy. 25. What is populism in Texas politics? A) The belief in the power of government intervention. B) The belief in the power of established institutions. C) The belief in the power of foreign control. D) The belief in the power of ordinary people against elites. Show Answer Correct Answer: D) The belief in the power of ordinary people against elites. 26. The power of the government to tax and spend is referred to as ..... A) Monetary Policy. B) Fiscal Policy. C) Open Market Operations. D) Economic Policy. Show Answer Correct Answer: B) Fiscal Policy. 27. Open Market Operations A) The Fed controls the money supply by buying and selling bonds. B) All of the yearly deficits added together. C) When the work available doesn't match the skill of the available workers. D) Amount of money the government makes per year. Show Answer Correct Answer: A) The Fed controls the money supply by buying and selling bonds. 28. Which of the following fiscal policy measures would decrease the national debt A) Increased training and education. B) Increased spending. C) Decreased taxes. D) Increased money supply. Show Answer Correct Answer: B) Increased spending. 29. A government adopts a policy of reducing business regulations and allowing prices to adjust by supply and demand. Which concept does this action reflect most directly? A) Laissez-faire in economic policy. B) Mercantilism in colonial policy. C) Protectionism in trade policy. D) Isolationism in foreign policy. Show Answer Correct Answer: A) Laissez-faire in economic policy. 30. In which year was the Digital India initiative launched? A) 2017. B) 2016. C) 2014. D) 2015. Show Answer Correct Answer: D) 2015. 31. What is the purpose of anti-monopoly laws? 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 prevent unfair business practices and promote competition. Show Answer Correct Answer: D) To prevent unfair business practices and promote competition. 32. Goal:Lower inflation A) Contract economy. B) Expand economy. C) All the above. D) None of the above. Show Answer Correct Answer: A) Contract economy. 33. What is the main objective of the "Beti Bachao Beti Padhao" scheme in relation to entrepreneurship? A) To encourage education and empowerment of girls. B) To provide direct loans to women. C) To restrict women from entrepreneurship. D) To focus on urban development. Show Answer Correct Answer: A) To encourage education and empowerment of girls. 34. One way to measure economic growth is to A) Measure the number of imported goods coming into a country. B) Count the number of businesses in a country. C) Compare GDP. D) Compare interest rates. Show Answer Correct Answer: C) Compare GDP. 35. A new nation is writing its constitution. Use reasoning to explain why including a bill of rights in a constitutional republic is important for safeguarding liberty. A) It limits government power and protects individual freedoms. B) It allows the government to ignore citizens' rights. C) It gives all power to the president. D) It removes the need for laws. Show Answer Correct Answer: A) It limits government power and protects individual freedoms. 36. Several major industries are slowing production and laying off workers. Which policy should government implement? A) Expansionary. B) Contractionary. C) All the above. D) None of the above. Show Answer Correct Answer: A) Expansionary. 37. Which of the following is NOT a benefit provided to MSMEs? A) Tax exemptions. B) Subsidized loans. C) Guaranteed government contracts. D) Limited access to technology. Show Answer Correct Answer: D) Limited access to technology. 38. Why was Maine created as a free state? A) Balance Congressional power. B) To create a free colony for slaves. C) Because it was ready to be a state. D) State's rights. Show Answer Correct Answer: A) Balance Congressional power. 39. What is a common method governments use to support social welfare programs financially? A) Cutting all forms of public spending. B) Imposing tariffs on all imported goods. C) Allocating funds from taxation. D) Privatizing all public services. Show Answer Correct Answer: C) Allocating funds from taxation. 40. Consumer Price Index A) Measuring device used to determine changes in price levels. B) Money that a lender charges in order to borrow money. C) Based on changing economic conditions, like a recession. D) An overall rise in price levels, caused by additional money in circulation. Show Answer Correct Answer: A) Measuring device used to determine changes in price levels. 41. What does the term "omnipotent" mean in the context of the passage? A) Having limited authority or power. B) Having complete control and unlimited power. C) Having no influence on economic outcomes. D) Having equal distribution of resources. Show Answer Correct Answer: B) Having complete control and unlimited power. 42. The Stolen Generations are part of which government policy in relation to Aboriginal and Torres Strait Islander peoples? A) Self Determination. B) Assimilation. C) Integration. D) Reconcilliation. Show Answer Correct Answer: B) Assimilation. 43. What does a United States Postal Service worker do for the community? A) Bring you letters and packages. B) Walk your dog. C) Teach your class. D) Clean your car. Show Answer Correct Answer: A) Bring you letters and packages. 44. What are the challenges related to the Texas Constitution? A) Length, inflexibility, and need for frequent amendments. B) Brevity, flexibility, and lack of need for amendments. C) Length, flexibility, and lack of need for amendments. D) Brevity, inflexibility, and need for frequent amendments. Show Answer Correct Answer: A) Length, inflexibility, and need for frequent amendments. 45. A country is considering federalism to address regional differences. Use reasoning to explain how a federal system can balance local sovereignty with national unity. A) By allowing local governments to make decisions on local issues while the national government handles matters that affect the whole country. B) By giving all power to the national government. C) By eliminating local governments. D) By allowing local governments to ignore national laws. Show Answer Correct Answer: A) By allowing local governments to make decisions on local issues while the national government handles matters that affect the whole country. 46. What do we call the money we give to the government? A) Tax. B) Loan. C) Reciept. D) Gift. Show Answer Correct Answer: A) Tax. 47. What is the purpose of industrial safety and quality regulation? 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 ensure safe working conditions and product standards. Show Answer Correct Answer: D) To ensure safe working conditions and product standards. 48. Which activity below would be used by an interest group to influence public policy? A) Bribing legislators to support their proposals. B) Impeaching their opponent in the legislature. C) Giving legislators the benefit of their subject-area expertise on prospective bills. D) Sponsoring news programs on major television networks. Show Answer Correct Answer: C) Giving legislators the benefit of their subject-area expertise on prospective bills. 49. Adult Population A) A person's ability to buy products with a certain amount of money. B) Money that a lender charges in order to borrow money. C) Percentage of those in the labor force are unemployed. D) Workers that are 16 years or older, not retired, not in the military or not institutionalized. Show Answer Correct Answer: D) Workers that are 16 years or older, not retired, not in the military or not institutionalized. 50. Primary goal of Social Security in the United States A) To support military veterans. B) To promote economic growth through job creation. C) To fund public education programs. D) To provide financial support to elderly citizens. Show Answer Correct Answer: D) To provide financial support to elderly citizens. 51. Inflation also means a ..... in the purchasing power of the currency of a particular economy A) Decrease. B) Increase. C) All the above. D) None of the above. Show Answer Correct Answer: A) Decrease. 52. Public goods provision example A) Investing in public schools. B) Creating exclusive clubs. C) Funding for luxury apartments. D) Building private schools. Show Answer Correct Answer: A) Investing in public schools. 53. According to the assimilation policy, Aboriginal children would lose their cultural identity, but have what raised? A) Wealth. B) Their knowledge and practice of the European culture. C) Status. D) Education. Show Answer Correct Answer: C) Status. 54. Which idea best captures Adam Smith's laissez-faire approach during the Industrial Revolution? A) Tariffs protect local firms from competition. B) Public ownership ensures equal wealth for all. C) Markets function best with minimal interference. D) Government sets prices and wages for stability. Show Answer Correct Answer: C) Markets function best with minimal interference. 55. What do librarians help us do? A) Find books. B) Climb trees. C) Grow trees. D) Build playgrounds. Show Answer Correct Answer: A) Find books. 56. Which tax is defined as a tax on profits of firms A) Sales tax. B) Income tax. C) Capital gains tax. D) Corporate tax. Show Answer Correct Answer: D) Corporate tax. 57. Which of the following is a goal of environmental conservation initiatives by the government? A) To maximize industrial pollution. B) To reduce the use of renewable resources. C) To protect natural habitats and biodiversity. D) To encourage deforestation. Show Answer Correct Answer: C) To protect natural habitats and biodiversity. 58. What is the main goal of national security in foreign policy? A) Promoting world peace. B) Establishing free and open trade. C) Supporting democracy. D) Protecting U.S. citizens rights and property. Show Answer Correct Answer: D) Protecting U.S. citizens rights and property. 59. In times of a recession with a decrease in economic activity and an increase of unemployment the goverment should ..... A) Worry about inflation and tighten their monetary policy. B) Reduce their debt and expenditures. C) Estimulate the economy with higher taxes. D) Estimulate the economy with lower taxes. E) Estimulate the economy reducing tax rates and reducing the reference rate. Show Answer Correct Answer: E) Estimulate the economy reducing tax rates and reducing the reference rate. 60. According to the passage, what does the quality of government policies depend on? A) The political process and the intentions of leaders. B) The influence of economists and market forces. C) The efficiency of market outcomes. D) The balance of power between buyers and sellers. Show Answer Correct Answer: A) The political process and the intentions of leaders. ← 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 3Class 12 Entrepreneurship Chapter 6 Government Policies And Support To Entrepreneurship Quiz 4Class 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