This quiz works best with JavaScript enabled. Home > Class 12 > Class 12 Entrepreneurship Chapter 6 Government Policies And Support To Entrepreneurship – Quiz 10 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 12 Entrepreneurship Chapter 6 Government Policies And Support To Entrepreneurship Quiz 10 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. The branch of government that writes up and votes on laws. A) Legislative Branch. B) Legislature Branch. C) Judicial Branch. D) Executive Branch. Show Answer Correct Answer: A) Legislative Branch. 2. The branch of government that makes sure that laws are followed correctly. A) Legislative Branch. B) Legislature Branch. C) Judicial Branch. D) Executive Branch. Show Answer Correct Answer: C) Judicial Branch. 3. What does the "Digital Locker" service under Digital India provide? A) Physical storage for documents. B) A secure online platform to store and share documents. C) A cloud service for businesses only. D) None of the above. Show Answer Correct Answer: B) A secure online platform to store and share documents. 4. Public infrastructure development is crucial for: A) Decreasing the country's GDP. B) Enhancing national security and public welfare. C) Reducing employment opportunities. D) Limiting access to essential services. Show Answer Correct Answer: B) Enhancing national security and public welfare. 5. All of the following are economic goals of governments, EXCEPT ..... A) Full employment. B) Economic Growth. C) Inflation. D) Price Stability. Show Answer Correct Answer: C) Inflation. 6. Which ministry is primarily responsible for implementing the Digital India initiative? A) Ministry of Finance. B) Ministry of Electronics and Information Technology. C) Ministry of Education. D) Ministry of Commerce. Show Answer Correct Answer: B) Ministry of Electronics and Information Technology. 7. Who is in charge of our community safety? A) The local government. B) The grocery store. C) The park. D) The doctor's office. Show Answer Correct Answer: A) The local government. 8. What are the two broad reasons for government intervention in the economy mentioned in the passage? A) To enforce strict regulations and limit individual freedom. B) To promote efficiency and equality. C) To reduce government authority and increase individual power. D) To control market outcomes and restrict competition. Show Answer Correct Answer: B) To promote efficiency and equality. 9. What happened to Aboriginal people on reserves and missions? A) They were taught to reject their European ways of life. B) They were injected with smallpox. C) They were taught to reject their Aboriginality and had to convert to Christianity. D) They were taught to speak English and how to fight. Show Answer Correct Answer: C) They were taught to reject their Aboriginality and had to convert to Christianity. 10. Proposed law A) Engagement. B) Right. C) Bill. D) Responsibility. Show Answer Correct Answer: C) Bill. 11. The four government objectives are low inflation, low unemployment, balance of payments and A) Safe defence spending. B) Economic growth. C) High interest rates. D) Low tax revenue. Show Answer Correct Answer: B) Economic growth. 12. A series of events, as in time A) Period. B) Scheme. C) Major. D) Bond. Show Answer Correct Answer: A) Period. 13. How does government enforcement of property rights impact economic activities? A) It provides assurance for individuals to own and control scarce resources. B) It limits competition among businesses. C) It encourages businesses to engage in monopolistic practices. D) It discourages individuals from producing goods and services. Show Answer Correct Answer: A) It provides assurance for individuals to own and control scarce resources. 14. Which one of the following is NOT a supply side policy? A) The government increasing competition in all industries. B) The government reducing import controls. C) The government investing in training and education. D) The government privatising national industries. Show Answer Correct Answer: B) The government reducing import controls. 15. The relevance of multipliers in each economy is that ..... A) Governments can predict the real impact of their policies in consumption. B) Governments can predict the real amount of unemployment. C) Governments can predict the lag of their actions. D) Governments can predict the impact of their actions in consumption and inflation. E) None of the above. Show Answer Correct Answer: D) Governments can predict the impact of their actions in consumption and inflation. 16. Taxes on goods that are imported to the US from another country. A) Tariff. B) Payroll Tax. C) Income Tax. D) Estate Tax. Show Answer Correct Answer: A) Tariff. 17. Agreements with other countries that do not need Senate approval. A) Legislature Agreements. B) Legislative Agreements. C) Judicial Agreements. D) Executive Agreements. Show Answer Correct Answer: D) Executive Agreements. 18. According to Article 1, Section 10 of the U.S. Constitution, which of the following is a limitation on the powers of states? A) Entering treaties. B) Creating a national currency. C) Amending the Constitution. D) Establishing a national healthcare system. Show Answer Correct Answer: A) Entering treaties. 19. Purchasing Power A) A person's ability to buy products with a certain amount of money. B) Measuring device used to determine changes in price levels. C) Difference between spending and revenue each year. D) The government's attempt to stabilize the economy through taxing and government spending. Show Answer Correct Answer: A) A person's ability to buy products with a certain amount of money. 20. In which year was the Startup India initiative launched? A) 2015. B) 2016. C) 2017. D) 2018. Show Answer Correct Answer: B) 2016. 21. Why do governments regulate businesses? A) To ensure they make maximum profits. B) To prevent monopolies and protect consumers. C) To discourage entrepreneurship. D) To increase government ownership of businesses. Show Answer Correct Answer: B) To prevent monopolies and protect consumers. 22. When considering the business cycle, one problem of Classical Economics was that A) It couldn't make the peaks last. B) It involved the cutting of taxes to increase overall revenue. C) It involved the use of government spending to influence the economy. D) It didn't address how long a trough would last or how deep the trough would be. Show Answer Correct Answer: D) It didn't address how long a trough would last or how deep the trough would be. 23. Sales tax is an example of a regressive tax. How can a state make their sales tax less regressive? A) By placing the tax on only services. B) By placing the tax on necessities. C) By placing the tax on luxury goods. D) By placing the tax on all goods. Show Answer Correct Answer: C) By placing the tax on luxury goods. 24. What are the two M's patents bring to the country? A) Memory & Monopoly. B) More & Mechanism. C) Money & Market. D) None of the above. Show Answer Correct Answer: C) Money & Market. 25. Underemployed A) The number of adults who are not working but are actively seeking work. B) A person who is working part-time but wants full time employment. C) The number of adults who are currently working either full or part time. D) The total number of adults who are either employed OR unemployed. Show Answer Correct Answer: B) A person who is working part-time but wants full time employment. ← PreviousNext →Related 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 6 Government Policies And Support To Entrepreneurship Quiz 7Class 12 Entrepreneurship Chapter 6 Government Policies And Support To Entrepreneurship Quiz 8Class 12 Entrepreneurship Chapter 6 Government Policies And Support To Entrepreneurship Quiz 9Class 12 Entrepreneurship Chapter 6 Government Policies And Support To Entrepreneurship Quiz 11 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books