This quiz works best with JavaScript enabled. Home > Class 12 > Class 12 Entrepreneurship Chapter 6 Government Policies And Support To Entrepreneurship – Quiz 17 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 12 Entrepreneurship Chapter 6 Government Policies And Support To Entrepreneurship Quiz 17 (22 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Which of the following is not an indirect tax? A) Sales Tax. B) Excise Duties. C) Income Tax. D) Customs Duties. Show Answer Correct Answer: C) Income Tax. 2. What form of government does Texas operate under? A) Monarchy. B) Democracy. C) Republic. D) Dictatorship. Show Answer Correct Answer: C) Republic. 3. Terra Nullius means? A) Land belonging to no one. B) Land of no value. C) Native title. D) Land without culture. Show Answer Correct Answer: A) Land belonging to no one. 4. Monetary Policy A) Based on changing economic conditions, like a recession. B) Money that a lender charges in order to borrow money. C) Amount of money the government makes per year. D) The government's attempt to stabilize the economy through controlling money supply. Show Answer Correct Answer: D) The government's attempt to stabilize the economy through controlling money supply. 5. What is the role of Congress in approving trade agreements? A) They have no role in approving trade agreements. B) They submit a budget to the President. C) They coordinate with the USTR on pending legislation. D) They create a budget resolution. Show Answer Correct Answer: C) They coordinate with the USTR on pending legislation. 6. Labor Force Participation Rate A) Unemployment that results from natural transitions in life. B) A plan for money the government will spend. C) Percentage of those in the labor force are unemployed. D) Percentage of adults that are actually in the labor force. Show Answer Correct Answer: D) Percentage of adults that are actually in the labor force. 7. Which Australian Prime Minister introduced the policy of Self Determination? A) Gough Whitlam. B) Kevin Rudd. C) Harold Holt. D) Robert Menzies. Show Answer Correct Answer: A) Gough Whitlam. 8. What are the constraints on public spending? A) Public sector organisations that supply services directly may get funding cuts. B) Cuts in pensions and other government payments may affect consumer spending. C) Answer 1 and 2. D) Neither. Show Answer Correct Answer: C) Answer 1 and 2. 9. Which of the following is a key program launched under the Digital India initiative? A) Skill India. B) Make in India. C) Smart Cities Mission. D) Atal Pension Yojana. Show Answer Correct Answer: A) Skill India. 10. What is the main reason why indirect tax is thought to be unfair? A Not everyone pays an indirect tax. B The consumer is unaware of the rate of tax. C The retailer is forced to collect the tax for the government. D The tax burden is greater for people on low incomes. A) A. B) B. C) C. D) D. Show Answer Correct Answer: D) D. 11. Congress has the right to oversee the work of both the executive and the judicial branches. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 12. What is the maximum investment limit for a Micro Enterprise in the manufacturing sector as per the MSME definition? A) ₹ 1 lakh. B) ₹ 10 lakh. C) ₹ 1 crore. D) ₹ 5 crore. Show Answer Correct Answer: C) ₹ 1 crore. 13. Which idea best summarizes why Marx argued capitalism had to be overturned? A) It permanently exploits workers for owners' profit. B) It encourages fair wages through competition. C) It gradually eliminates poverty without conflict. D) It relies on religious unity to aid workers. Show Answer Correct Answer: A) It permanently exploits workers for owners' profit. 14. What is the formula for expansionary fiscal policy? A) Taxes + Government spending = the balance. B) Taxes-Government spending = the balance. C) Government spending-Taxes = the balance. D) None of the above. Show Answer Correct Answer: A) Taxes + Government spending = the balance. 15. The official representatives to foreign governments A) Representatives. B) Ambassadors. C) Cabinet. D) Congress. Show Answer Correct Answer: B) Ambassadors. 16. Congress cannot pass ex post facto laws because they A) Interfere with the right to judicial review. B) Involve implied rather than explicit powers. C) Violate individual rights. D) Violate interstate commerce laws. Show Answer Correct Answer: C) Violate individual rights. 17. Which of the following is a major government initiative aimed at promoting startups in India? A) Make in India. B) Startup India. C) Digital India. D) Skill India. Show Answer Correct Answer: B) Startup India. 18. Tax A) A required payment to a local, state, or national government. B) The total number of adults who are either employed OR unemployed. C) A plan for money the government will spend. D) A person's ability to buy products with a certain amount of money. Show Answer Correct Answer: A) A required payment to a local, state, or national government. 19. According to the text, what is a challenge faced by authoritarian governments? A) They fully support individual freedoms such as free speech. B) They are unable to enact economic policies easily. C) Their lack of political accountability can slow the ability to correct policies. D) They cannot provide sustained economic growth. Show Answer Correct Answer: C) Their lack of political accountability can slow the ability to correct policies. 20. Which constitutional power is designated to President to use in the role of Chief Diplomat? A) The power to declare ware on foreign nations. B) The power to appoint ambassadors to foreign counties. C) The power to ratify treaties negotiated with foreign nations. D) The power to make final appropriations for the U.S. State Department. Show Answer Correct Answer: B) The power to appoint ambassadors to foreign counties. 21. Which of these is not a major macroeconomic objective of governments? A) Low and stable inflation. B) Increasing pofitability of companies. C) Full employment. D) High and sustainable growth. Show Answer Correct Answer: B) Increasing pofitability of companies. 22. Gave Founders the idea for the separation of powers A) John Locke. B) Thomas Hobbes. C) Charles de Montesquieu. D) Jean Rousseau. Show Answer Correct Answer: C) Charles de Montesquieu. ← PreviousRelated 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