This quiz works best with JavaScript enabled. Home > Class 12 > Class 12 Entrepreneurship Chapter 6 Government Policies And Support To Entrepreneurship – Quiz 12 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 12 Entrepreneurship Chapter 6 Government Policies And Support To Entrepreneurship Quiz 12 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Groups of people who work together for similar interests or goals A) Goal Groups. B) Goalies. C) Interest Groups. D) District Groups. Show Answer Correct Answer: C) Interest Groups. 2. 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. 3. The people a member of Congress represents A) Voters. B) Constituents. C) Cabinet. D) Senators. Show Answer Correct Answer: B) Constituents. 4. A set of plans for dealing with national problems A) Domestic Policy. B) National Policy. C) Foreign Policy. D) US policy. Show Answer Correct Answer: A) Domestic Policy. 5. What is populism in Texas politics? A) The belief in the power of ordinary people against elites. B) The belief in the power of established institutions. C) The belief in the power of government intervention. D) The belief in the power of foreign control. Show Answer Correct Answer: A) The belief in the power of ordinary people against elites. 6. The power of the government to tax and spend is referred to as ..... A) Monetary Policy. B) Open Market Operations. C) Fiscal Policy. D) Economic Policy. Show Answer Correct Answer: C) Fiscal Policy. 7. 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. 8. 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. 9. Which combination of fiscal and monetary policy should speed up the economy? A) Decrease taxes; decrease interest rates. B) Increase spending; increase interest rates. C) Increase money supply; increased government spending. D) Increased taxes; decreased money supply. Show Answer Correct Answer: A) Decrease taxes; decrease interest rates. 10. 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) Protectionism in trade policy. B) Laissez-faire in economic policy. C) Mercantilism in colonial policy. D) Isolationism in foreign policy. Show Answer Correct Answer: B) Laissez-faire in economic policy. 11. In which year was the Digital India initiative launched? A) 2014. B) 2015. C) 2016. D) 2017. Show Answer Correct Answer: B) 2015. 12. 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. 13. 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. 14. 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. 15. One way to measure economic growth is to A) Count the number of businesses in a country. B) Compare GDP. C) Measure the number of imported goods coming into a country. D) Compare interest rates. Show Answer Correct Answer: B) Compare GDP. 16. 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. 17. 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. 18. Which of the following is NOT a benefit provided to MSMEs? A) Subsidized loans. B) Tax exemptions. C) Guaranteed government contracts. D) Limited access to technology. Show Answer Correct Answer: D) Limited access to technology. 19. Why was Maine created as a free state? A) Balance Congressional power. B) State's rights. C) Because it was ready to be a state. D) To create a free colony for slaves. Show Answer Correct Answer: A) Balance Congressional power. 20. 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. 21. 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. 22. 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. 23. The Stolen Generations are part of which government policy in relation to Aboriginal and Torres Strait Islander peoples? A) Integration. B) Self Determination. C) Assimilation. D) Reconcilliation. Show Answer Correct Answer: C) Assimilation. 24. 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. 25. 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. ← 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 10 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books