This quiz works best with JavaScript enabled. Home > Class 12 > Class 12 Entrepreneurship Chapter 6 Government Policies And Support To Entrepreneurship – Quiz 15 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 12 Entrepreneurship Chapter 6 Government Policies And Support To Entrepreneurship Quiz 15 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. What did the 16th Amendment do? A) It allowed people to speak out against the government. B) It allowed the government to levy income taxes on its population. C) It allowed the government to create NASA. D) It gave people the right to avoid paying taxes if they didn't want to. Show Answer Correct Answer: B) It allowed the government to levy income taxes on its population. 2. Plan for raising and spending money A) Bill. B) Budget. C) Bill of Attainder. D) Bill Budget. Show Answer Correct Answer: B) Budget. 3. A government subsidises the production of pineapples. This is likely to A increase the price of pineapples B raise the costs of supplying pineapples C raise revenue for the government D cause the supply of pineapples to increase at every price A) A. B) B. C) C. D) D. Show Answer Correct Answer: D) D. 4. A country has different rates of income tax depending on the level of income earned. The highest rate of income tax is cut from 40% to 38%. From this statement it can be deduced that taxation will become:A less indirect. B less progressive. C less regressive. D more difficult to evade. A) A. B) B. C) C. D) D. Show Answer Correct Answer: B) B. 5. How do democratic governments ensure that power remains dispersed? A) By eliminating free speech. B) By restricting the right to privacy. C) Through checks and balances among multiple branches of government. D) By concentrating power in the hands of a few. Show Answer Correct Answer: C) Through checks and balances among multiple branches of government. 6. A government security A) Period. B) Scheme. C) Major. D) Bond. Show Answer Correct Answer: D) Bond. 7. Sales Tax A) The total number of adults who are either employed OR unemployed. B) A percentage of money that you spend that is paid directly to state and local governments. C) Percentage of adults that are actually in the labor force. D) A percentage of your earned income that is paid directly to federal and state governments. Show Answer Correct Answer: B) A percentage of money that you spend that is paid directly to state and local governments. 8. Which government initiative aims to provide skill training to women to enhance their employability and entrepreneurial skills? A) Skill India. B) Digital India. C) Startup India. D) Make in India. Show Answer Correct Answer: A) Skill India. 9. Your startup in India is in its second year and is struggling with the cost of patent registration. Which Indian government initiative can you use to reduce the cost of registration? A) Startup India. B) Pradhan Mantri Awas Yojana. C) Digital India. D) Skill India. Show Answer Correct Answer: A) Startup India. 10. Everyone who drives over the Scudder Falls Bridge is required to pay a toll that is used for upkeep of the bridge and roadway. Because only users of the bridge must pay, the toll is called A) A benefits-received tax. B) A progressive tax. C) A regressive tax. D) An ability-to-pay-tax. Show Answer Correct Answer: A) A benefits-received tax. 11. What is an externality, as described in the passage? A) The impact of one person's actions on the well-being of a bystander. B) The ability of a single person or firm to influence market prices. C) The failure of the market to consider the costs of production. D) The lack of competition in a market due to limited resources. Show Answer Correct Answer: A) The impact of one person's actions on the well-being of a bystander. 12. What is the eligibility criterion for a startup to register under the Startup India initiative? A) Must be less than 3 years old. B) Must have a minimum capital of 1 crore. C) Must be a subsidiary of a larger company. D) Must employ more than 100 people. Show Answer Correct Answer: A) Must be less than 3 years old. 13. Which combination of fiscal and supply-side policy measures will allow economic growth A) Increased spending; decreased money supply. B) Decreased taxes; increased education and training. C) Increased spending; decreased interest rates. D) Decreased interest rates, decreased taxes. Show Answer Correct Answer: B) Decreased taxes; increased education and training. 14. Which individual activity is used to directly influence legislative decisions? A) Watching political debates on television. B) Discussing political issues at work. C) Collecting opinions for a yearbook. D) Gathering signature for a petition. Show Answer Correct Answer: D) Gathering signature for a petition. 15. Example of a government policy aimed at protecting consumers A) Establishing minimum wage laws. B) Implementing tax cuts for corporations. C) Reducing regulations on food safety. D) Increasing tariffs on imported goods. Show Answer Correct Answer: A) Establishing minimum wage laws. 16. Some of the incovenieces with changes in the public spending is that ..... A) It is too small relative to the economy. B) It is a one time event. C) At the local level it can be too big and it distorts the economy. D) All of the above. Show Answer Correct Answer: D) All of the above. 17. Federal Reserve A) The nation's central bank, responsible for implementing monetary policy. B) Amount of money the government makes per year. C) All of the yearly deficits added together. D) The amount of money that a bank must keep on hand, and cannot loan out. Show Answer Correct Answer: A) The nation's central bank, responsible for implementing monetary policy. 18. How do we pay for community services? A) Tax money. B) Selling cookies. C) We don't pay for them. D) From the bank. Show Answer Correct Answer: A) Tax money. 19. Which refers to program built within the government budget designed to stabilize business cycles in an economy without any government intervention? A) Automatic stabilizer. B) Discretionary fiscal policy. C) All the above. D) None of the above. Show Answer Correct Answer: A) Automatic stabilizer. 20. When one party controls the White House and the other controls the House and Senate A) Split House. B) Divided Government. C) Two Party System. D) Bipartisan. Show Answer Correct Answer: B) Divided Government. 21. The Federal Reserve purchases and sells government securities, adjusts the discount rate to produce certain economic outcomes. What is one outcome the Federal Reserve might want to produce when purchasing government securities? A) Increasing interest rates. B) Reducing money supply. C) Fostering economic expansion. D) Fostering economic contraction. Show Answer Correct Answer: C) Fostering economic expansion. 22. What is the primary focus of right-wing or conservative governments? A) Supporting large, rapid changes to society. B) Individual freedom over government intervention. C) Achieving social equality. D) Providing government-provided health care. Show Answer Correct Answer: B) Individual freedom over government intervention. 23. What is the primary objective of the Atal Innovation Mission (AIM) launched by the Indian government? A) To provide financial aid to established businesses. B) To encourage the adoption of technology in rural areas. C) To create an innovation-driven culture and ecosystem. D) To promote foreign direct investment in Indian startups. Show Answer Correct Answer: C) To create an innovation-driven culture and ecosystem. 24. What is the purpose of the "Common Service Centers" (CSCs) under Digital India? A) To provide banking services only. B) To offer a range of government services to rural areas. C) To promote manufacturing industries. D) To enhance tourism. Show Answer Correct Answer: B) To offer a range of government services to rural areas. 25. The "Dena Bank's Stree Shakti Scheme" is aimed at providing loans to which group? A) Large corporations. B) Women entrepreneurs. C) Rural farmers. D) Government employees. 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