This quiz works best with JavaScript enabled. Home > Class 12 > Class 12 Entrepreneurship Chapter 6 Government Policies And Support To Entrepreneurship – Quiz 13 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 12 Entrepreneurship Chapter 6 Government Policies And Support To Entrepreneurship Quiz 13 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. 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. 2. What do we call the money we give to the government? A) Tax. B) Gift. C) Reciept. D) Loan. Show Answer Correct Answer: A) Tax. 3. 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. 4. 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) Sponsoring news programs on major television networks. D) Giving legislators the benefit of their subject-area expertise on prospective bills. Show Answer Correct Answer: D) Giving legislators the benefit of their subject-area expertise on prospective bills. 5. Adult Population A) Workers that are 16 years or older, not retired, not in the military or not institutionalized. B) Percentage of those in the labor force are unemployed. C) A person's ability to buy products with a certain amount of money. D) Money that a lender charges in order to borrow money. Show Answer Correct Answer: A) Workers that are 16 years or older, not retired, not in the military or not institutionalized. 6. Primary goal of Social Security in the United States A) To provide financial support to elderly citizens. B) To fund public education programs. C) To support military veterans. D) To promote economic growth through job creation. Show Answer Correct Answer: A) To provide financial support to elderly citizens. 7. 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. 8. Public goods provision example A) Investing in public schools. B) Building private schools. C) Funding for luxury apartments. D) Creating exclusive clubs. Show Answer Correct Answer: A) Investing in public schools. 9. 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. 10. 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. 11. What do librarians help us do? A) Climb trees. B) Find books. C) Build playgrounds. D) Grow trees. Show Answer Correct Answer: B) Find books. 12. Which tax is defined as a tax on profits of firms A) Capital gains tax. B) Income tax. C) Corporate tax. D) Sales tax. Show Answer Correct Answer: C) Corporate tax. 13. 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. 14. 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. 15. 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. 16. Revenue A) Amount of money the government makes per year. B) A person's ability to buy products with a certain amount of money. C) A plan for money the government will spend. D) All of the yearly deficits added together. Show Answer Correct Answer: A) Amount of money the government makes per year. 17. 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. 18. Split the Nebraska Territory into the states of Kansas and Nebraska, where they also got to choose whether to be free or slave states ..... causing conflict with other states. A) Kansas-Nebraska Act. B) Fugitive Slave Act. C) Missouri Compromise. D) Compromise of 1850. Show Answer Correct Answer: A) Kansas-Nebraska Act. 19. What type of government was implemented by Mussolini and Hitler? A) A monarchy. B) Communism. C) A Democracy. D) Totalitarianism. Show Answer Correct Answer: D) Totalitarianism. 20. You are the founder of a new venture in a rural area and need financial support for your business. Which scheme is designed to provide financial assistance to such startups? A) Startup India. B) MUDRA Yojana. C) Atal Innovation Mission. D) Make in India. Show Answer Correct Answer: B) MUDRA Yojana. 21. If you were an environmentalist, what might your motto be when in the wilderness? A) A nice hotel might and theme park might look nice in this forest. B) We should dig this area up and see if there's any gold here. C) These trees are blocking my view of the mountains, we should cut them down. D) Leave nothing in nature but your footprints. Show Answer Correct Answer: D) Leave nothing in nature but your footprints. 22. Which monetary policy tool would speed up the economy? A) Increasing reserve requirement. B) Decreasing income taxes. C) Increasing government spending. D) Decreasing interest paid on reserves. Show Answer Correct Answer: D) Decreasing interest paid on reserves. 23. National Debt A) Amount of money the government makes per year. B) A person's ability to buy products with a certain amount of money. C) Money that a lender charges in order to borrow money. D) All of the yearly deficits added together. Show Answer Correct Answer: D) All of the yearly deficits added together. 24. What does MSME stand for? A) Medium, Small, and Micro Enterprises. B) Micro, Small, and Medium Enterprises. C) Small, Medium, and Micro Enterprises. D) Micro, Medium, and Small Enterprises. Show Answer Correct Answer: B) Micro, Small, and Medium Enterprises. 25. Define Trade Policy? A) Doing business with another company. B) Refund and Exchange for customers. C) Trade policy refers to the regulations and agreements that control imports and exports to foreign countries. D) None of the above. Show Answer Correct Answer: C) Trade policy refers to the regulations and agreements that control imports and exports to foreign countries. ← 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