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 7 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 12 Entrepreneurship Chapter 6 Government Policies And Support To Entrepreneurship Quiz 7 (37 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Increasing or decreasing the cost of borrowing from the federal reserve. A) Reserve Requirement. B) DIscount Rate. C) Open Market Operations. D) Fiscal Policy. Show Answer Correct Answer: B) DIscount Rate. 2. Which agents of socialization help shape individuals' political beliefs and values in Texas? A) Family, education, media, and religious institutions. B) Government, corporations, media, and religious institutions. C) Family, education, government, and corporations. D) Education, media, government, and religious institutions. Show Answer Correct Answer: A) Family, education, media, and religious institutions. 3. What does the government do for wildlife? A) Take their pictures. B) Leave them alone. C) Take them for a walk. D) Protects them. Show Answer Correct Answer: D) Protects them. 4. In the modern political system, which represents a basic disagreement between Republicans and Democrats? A) The responsibilities of government. B) The legality of the U.S. Constitution. C) The frequency of national elections. D) The support for the U.S. military solider. Show Answer Correct Answer: A) The responsibilities of government. 5. Which scheme aims to provide financial support to small businesses in India? A) Atal Innovation Mission. B) Startup India. C) Make in India. D) Pradhan Mantri Mudra Yojana (PMMY). Show Answer Correct Answer: D) Pradhan Mantri Mudra Yojana (PMMY). 6. What is the term for giving up your own minority culture and adopting the culture of the majority? A) Heredity. B) Primogeniture. C) Acculturation. D) Assimilation. Show Answer Correct Answer: D) Assimilation. 7. To ensure laws are fairly enforced and protect citizens' rights A) A primary role of the government in the criminal justice system. B) A way to limit citizens' freedoms. C) A method for increasing crime rates. D) A strategy for reducing law enforcement budgets. Show Answer Correct Answer: A) A primary role of the government in the criminal justice system. 8. Which institution regulates the supply of money in the United States? A) Federal Reserve. B) Department of Treasury. C) Securities and Exchange Commission. D) Internal Revenue Service. Show Answer Correct Answer: A) Federal Reserve. 9. Which of the following is a key component of the Digital India initiative? A) Broadband for all. B) Increase in fossil fuel production. C) Limiting internet access. D) Enhanced manual labor. Show Answer Correct Answer: A) Broadband for all. 10. Which system is described as having the government make all economic decisions and owning the largest companies? A) Communist system. B) Capitalist system. C) Democratic system. D) Socialist system. Show Answer Correct Answer: A) Communist system. 11. Goal:End a recession A) Contract economy. B) Expand economy. C) All the above. D) None of the above. Show Answer Correct Answer: B) Expand economy. 12. Which of the following would result in a contracting economy. A) Increased government spending. B) Buy back government bonds through Open Market Operations. C) Lower Taxes. D) Increase the discount rate on Federal Reserve loans. Show Answer Correct Answer: D) Increase the discount rate on Federal Reserve loans. 13. Environmental conservation initiatives often include measures to: A) Promote sustainable development practices. B) Reduce the emphasis on recycling. C) Encourage the use of fossil fuels. D) Increase carbon emissions. Show Answer Correct Answer: A) Promote sustainable development practices. 14. Americans have little confidence in the economy, leading to less spending. Which policy should government implement? A) Expansionary. B) Contractionary. C) All the above. D) None of the above. Show Answer Correct Answer: A) Expansionary. 15. Which of the following organizations is primarily responsible for implementing the Startup India initiative? A) Ministry of Corporate Affairs. B) Ministry of Finance. C) Department for Promotion of Industry and Internal Trade (DPIIT). D) Reserve Bank of India. Show Answer Correct Answer: C) Department for Promotion of Industry and Internal Trade (DPIIT). 16. Who do lobbyist represent in their attempts to influence government? A) Elected officials. B) Military officers. C) Circuit judges. D) Interest groups. Show Answer Correct Answer: A) Elected officials. 17. Consumer protection laws aim to ensure that: A) Businesses can operate without any regulations. B) Consumers have access to safe and reliable products. C) Consumers pay the highest possible prices. D) Businesses have a monopoly in the market. Show Answer Correct Answer: B) Consumers have access to safe and reliable products. 18. Which of the following is not an indirect tax? A) Customs Duties. B) Income Tax. C) Sales Tax. D) Excise Duties. Show Answer Correct Answer: B) Income Tax. 19. What form of government does Texas operate under? A) Dictatorship. B) Democracy. C) Monarchy. D) Republic. Show Answer Correct Answer: D) Republic. 20. Terra Nullius means? A) Land belonging to no one. B) Land of no value. C) Native title. D) Land without culture. Show Answer Correct Answer: A) Land belonging to no one. 21. What is the role of Congress in approving trade agreements? A) They coordinate with the USTR on pending legislation. B) They create a budget resolution. C) They submit a budget to the President. D) They have no role in approving trade agreements. Show Answer Correct Answer: A) They coordinate with the USTR on pending legislation. 22. Labor Force Participation Rate A) Unemployment that results from natural transitions in life. B) A plan for money the government will spend. C) Percentage of those in the labor force are unemployed. D) Percentage of adults that are actually in the labor force. Show Answer Correct Answer: D) Percentage of adults that are actually in the labor force. 23. Which Australian Prime Minister introduced the policy of Self Determination? A) Gough Whitlam. B) Kevin Rudd. C) Robert Menzies. D) Harold Holt. Show Answer Correct Answer: A) Gough Whitlam. 24. What are the constraints on public spending? A) Public sector organisations that supply services directly may get funding cuts. B) Cuts in pensions and other government payments may affect consumer spending. C) Answer 1 and 2. D) Neither. Show Answer Correct Answer: C) Answer 1 and 2. 25. Which of the following is a key program launched under the Digital India initiative? A) Skill India. B) Atal Pension Yojana. C) Smart Cities Mission. D) Make in India. Show Answer Correct Answer: A) Skill India. 26. What is the main reason why indirect tax is thought to be unfair? A Not everyone pays an indirect tax. B The consumer is unaware of the rate of tax. C The retailer is forced to collect the tax for the government. D The tax burden is greater for people on low incomes. A) A. B) B. C) C. D) D. Show Answer Correct Answer: D) D. 27. Congress has the right to oversee the work of both the executive and the judicial branches. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 28. What is the maximum investment limit for a Micro Enterprise in the manufacturing sector as per the MSME definition? A) ₹ 1 lakh. B) ₹ 5 crore. C) ₹ 10 lakh. D) ₹ 1 crore. Show Answer Correct Answer: D) ₹ 1 crore. 29. Which idea best summarizes why Marx argued capitalism had to be overturned? A) It permanently exploits workers for owners' profit. B) It encourages fair wages through competition. C) It gradually eliminates poverty without conflict. D) It relies on religious unity to aid workers. Show Answer Correct Answer: A) It permanently exploits workers for owners' profit. 30. What is the formula for expansionary fiscal policy? A) Taxes + Government spending = the balance. B) Taxes-Government spending = the balance. C) Government spending-Taxes = the balance. D) None of the above. Show Answer Correct Answer: A) Taxes + Government spending = the balance. 31. The official representatives to foreign governments A) Cabinet. B) Ambassadors. C) Representatives. D) Congress. Show Answer Correct Answer: B) Ambassadors. 32. Congress cannot pass ex post facto laws because they A) Violate individual rights. B) Violate interstate commerce laws. C) Involve implied rather than explicit powers. D) Interfere with the right to judicial review. Show Answer Correct Answer: A) Violate individual rights. 33. Which of the following is a major government initiative aimed at promoting startups in India? A) Make in India. B) Digital India. C) Startup India. D) Skill India. Show Answer Correct Answer: C) Startup India. 34. According to the text, what is a challenge faced by authoritarian governments? A) Their lack of political accountability can slow the ability to correct policies. B) They cannot provide sustained economic growth. C) They fully support individual freedoms such as free speech. D) They are unable to enact economic policies easily. Show Answer Correct Answer: A) Their lack of political accountability can slow the ability to correct policies. 35. Which constitutional power is designated to President to use in the role of Chief Diplomat? A) The power to appoint ambassadors to foreign counties. B) The power to declare ware on foreign nations. C) The power to ratify treaties negotiated with foreign nations. D) The power to make final appropriations for the U.S. State Department. Show Answer Correct Answer: A) The power to appoint ambassadors to foreign counties. 36. Which of these is not a major macroeconomic objective of governments? A) Low and stable inflation. B) Increasing pofitability of companies. C) Full employment. D) High and sustainable growth. Show Answer Correct Answer: B) Increasing pofitability of companies. 37. Gave Founders the idea for the separation of powers A) Jean Rousseau. B) Thomas Hobbes. C) Charles de Montesquieu. D) John Locke. Show Answer Correct Answer: C) Charles de Montesquieu. ← PreviousRelated 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 5Class 12 Entrepreneurship Chapter 6 Government Policies And Support To Entrepreneurship Quiz 6Class 12 Entrepreneurship Chapter 1 Entrepreneurship And Enterprise QuizClass 12 Entrepreneurship Chapter 2 Entrepreneurial Planning Quiz 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books