This quiz works best with JavaScript enabled. Home > Class 12 > Class 12 Entrepreneurship Chapter 6 Government Policies And Support To Entrepreneurship – Quiz 16 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 12 Entrepreneurship Chapter 6 Government Policies And Support To Entrepreneurship Quiz 16 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. This Amendment created the Income Tax A) 15th. B) 16th. C) 17th. D) 18th. Show Answer Correct Answer: B) 16th. 2. How are taxes collected? A) They are added to the things that we buy. B) A drive-thru window. C) By the mailman. D) Taxes aren't collected. Show Answer Correct Answer: A) They are added to the things that we buy. 3. The CPI is calculated by taking the ..... of each of the categories and the averaging is done based on the importance of the particular commodity in the whole list. A) Retail market price. B) Wholesale market price. C) All the above. D) None of the above. Show Answer Correct Answer: A) Retail market price. 4. A team of executive branch officials A) Administration. B) Representatives. C) Cabinet. D) Bureaucracy. Show Answer Correct Answer: A) Administration. 5. What does the Federal Reserve do? A) Supplies paper currency and holds banks' reserves. B) Regulates interest rates and money supply. C) Provides unemployment insurance. D) Enforces anti-monopoly laws. Show Answer Correct Answer: B) Regulates interest rates and money supply. 6. Which tracks the changes in the prices of goods and services at producer or wholesale level? A) Producer price index. B) Wholesale price index. C) All the above. D) None of the above. Show Answer Correct Answer: B) Wholesale price index. 7. A student claims that a constitutional republic is the best form of government for protecting freedom. Use reasoning and evidence to support this claim. A) Because it has laws and elected officials that limit government power and protect rights. B) Because it allows one person to make all decisions. C) Because it eliminates elections. D) Because it ignores the rule of law. Show Answer Correct Answer: A) Because it has laws and elected officials that limit government power and protect rights. 8. One way that Congress has used its spending authority over the years is to A) . allow the president to use the line-item veto in specific situations. B) Eliminate the president's authority to impound funds. C) Force witnesses to appear before congressional committees. D) Require local governments to follow specific regulations when giving money to those governments. Show Answer Correct Answer: D) Require local governments to follow specific regulations when giving money to those governments. 9. Increasing or decreasing the cost of borrowing from the federal reserve. A) DIscount Rate. B) Open Market Operations. C) Reserve Requirement. D) Fiscal Policy. Show Answer Correct Answer: A) DIscount Rate. 10. 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. 11. What does the government do for wildlife? A) Protects them. B) Take their pictures. C) Leave them alone. D) Take them for a walk. Show Answer Correct Answer: A) Protects them. 12. In the modern political system, which represents a basic disagreement between Republicans and Democrats? A) The responsibilities of government. B) The frequency of national elections. C) The legality of the U.S. Constitution. D) The support for the U.S. military solider. Show Answer Correct Answer: A) The responsibilities of government. 13. Which scheme aims to provide financial support to small businesses in India? A) Startup India. B) Pradhan Mantri Mudra Yojana (PMMY). C) Atal Innovation Mission. D) Make in India. Show Answer Correct Answer: B) Pradhan Mantri Mudra Yojana (PMMY). 14. What is the term for giving up your own minority culture and adopting the culture of the majority? A) Acculturation. B) Assimilation. C) Primogeniture. D) Heredity. Show Answer Correct Answer: B) Assimilation. 15. To ensure laws are fairly enforced and protect citizens' rights A) A primary role of the government in the criminal justice system. B) A method for increasing crime rates. C) A strategy for reducing law enforcement budgets. D) A way to limit citizens' freedoms. Show Answer Correct Answer: A) A primary role of the government in the criminal justice system. 16. 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. 17. 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. 18. Which system is described as having the government make all economic decisions and owning the largest companies? A) Capitalist system. B) Democratic system. C) Socialist system. D) Communist system. Show Answer Correct Answer: D) Communist system. 19. 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. 20. 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. 21. Environmental conservation initiatives often include measures to: A) Increase carbon emissions. B) Promote sustainable development practices. C) Encourage the use of fossil fuels. D) Reduce the emphasis on recycling. Show Answer Correct Answer: B) Promote sustainable development practices. 22. 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. 23. 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). 24. Who do lobbyist represent in their attempts to influence government? A) Military officers. B) Circuit judges. C) Interest groups. D) Elected officials. Show Answer Correct Answer: D) Elected officials. 25. 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. ← 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