This quiz works best with JavaScript enabled. Home > Class 12 > Class 12 Entrepreneurship Chapter 6 Government Policies And Support To Entrepreneurship – Quiz 3 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 12 Entrepreneurship Chapter 6 Government Policies And Support To Entrepreneurship Quiz 3 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Fiscal policy is related to ..... A) Changes in the exchange rate. B) Changes in the money supply. C) Changes in government budget. D) Changes in the tax rates. E) All of the above. Show Answer Correct Answer: D) Changes in the tax rates. 2. What is the primary purpose of the MSME Development Act, 2006? A) To promote only large enterprises. B) To establish a legal framework for the development and regulation of MSMEs. C) To restrict foreign investment. D) To standardize large-scale manufacturing. Show Answer Correct Answer: B) To establish a legal framework for the development and regulation of MSMEs. 3. Prominent or significant in size, amount, or degree A) Revise. B) Scheme. C) Major. D) Bond. Show Answer Correct Answer: C) Major. 4. The change in the reference rate of the Central bank usually has which of the following effects directly ..... A) Increases interest rates in banks. B) Reduces interest rate in banks. C) It can cause the exchange rate to increase or decrease inveresely to the change in the rate. D) Reducing unemployment. E) All of the above. Show Answer Correct Answer: C) It can cause the exchange rate to increase or decrease inveresely to the change in the rate. 5. A country with a unitary system is facing protests from local communities. Use reasoning to explain how adopting a federal system could help resolve these conflicts. A) By giving local governments more authority to address local issues while maintaining national unity. B) By centralizing all power in the national government. C) By eliminating local governments. D) By allowing local governments to ignore national laws. Show Answer Correct Answer: A) By giving local governments more authority to address local issues while maintaining national unity. 6. A law that convicts a person of a crime without a trial. A) Bill. B) Bill of Attainder. C) Budget Bill. D) Due Process. Show Answer Correct Answer: B) Bill of Attainder. 7. Which of the following is NOT one of the ways in which the media affect politics? A) By providing information on both parties. B) By contributing to election campaign funds. C) By focusing public attention on particular issues. D) By providing in-depth coverage of national issues. Show Answer Correct Answer: B) By contributing to election campaign funds. 8. Example of government involvement in healthcare regulation A) Regulating insurance companies and ensuring patient privacy. B) Providing free healthcare services to all citizens. C) Eliminating all private healthcare providers. D) Setting prices for medical procedures. Show Answer Correct Answer: A) Regulating insurance companies and ensuring patient privacy. 9. Why is constitutional revision in Texas infrequent? A) Due to the stringent requirements for amendments. B) Due to the lack of interest in making changes. C) Due to the ease of making amendments. D) Due to the frequent changes in political priorities. Show Answer Correct Answer: A) Due to the stringent requirements for amendments. 10. In Marx's view, who are the proletariat in industrial society? A) Religious leaders guiding community morals. B) Wealthy investors who own railroads. C) Small shop owners who employ apprentices. D) The wage-earning working class in factories. Show Answer Correct Answer: D) The wage-earning working class in factories. 11. Which of the following is an example of a social welfare program? A) Corporate tax breaks. B) Stock market regulation. C) Unemployment benefits. D) Business incubation programs. Show Answer Correct Answer: C) Unemployment benefits. 12. Who submits a budget to Congress for approval? A) The President. B) The Senate. C) The House of Representatives. D) The Supreme Court. Show Answer Correct Answer: A) The President. 13. Which involves steps like increasing government purchases, decreasingtaxes or a combination of both? A) Contractionary Fiscal Policy. B) Expansionary Fiscal Policy. C) All the above. D) None of the above. Show Answer Correct Answer: B) Expansionary Fiscal Policy. 14. What is taxation? A) Taxation is when governments finance their expenditure by charging a percentage from individual citizens income and business profits. B) When you text your best friend . C) When governments give a percentage of business profits to citizens. D) When businesses take a percentage of expenditure from governments. Show Answer Correct Answer: A) Taxation is when governments finance their expenditure by charging a percentage from individual citizens income and business profits. 15. A power given to Congress in the Constitution is the power to A) Declare war. B) Draft people into the armed services. C) Prohibit racial discrimination. D) Support welfare programs. Show Answer Correct Answer: A) Declare war. 16. What role do federal resources play in the state budget of Texas? A) They support various programs and services. B) They enforce federal laws. C) They regulate state elections. D) They oversee state courts. Show Answer Correct Answer: A) They support various programs and services. 17. If the government is concerned about unemployment, which tool would they use? A) Increase spending. B) Increase taxes. C) Increase reserve requirement. D) Increase discount rate. Show Answer Correct Answer: A) Increase spending. 18. Which occurs as a consequence of price increase of goods and services? A) Built-in inflation. B) Cost-push inflation. C) All the above. D) None of the above. Show Answer Correct Answer: A) Built-in inflation. 19. The elements of the economy are: A) Consumption with no purpose of profit. B) Investment. C) Government spending. D) Net exports. E) All of the above. Show Answer Correct Answer: E) All of the above. 20. Interest Rate A) The government's attempt to stabilize the economy through controlling money supply. B) Money that a lender charges in order to borrow money. C) Collection of goods and services whose prices are examined and compared to earlier years. D) The Fed controls the money supply by buying and selling bonds. Show Answer Correct Answer: B) Money that a lender charges in order to borrow money. 21. When the government needs to sell more debt, it will cause ..... A) A) Increase in the number of bonds in the bond market. B) B) Decrease in the price of bonds. C) C) Increase in the exchange rate. D) A) and b). E) All of the above. Show Answer Correct Answer: D) A) and b). 22. All of the following are regressive taxes, Except ..... A) Sales Tax. B) Estate Tax. C) Capital Gains Tax. D) Income Tax. Show Answer Correct Answer: D) Income Tax. 23. Which amendment granted residents of Washington DC the right to vote in presidential elections? A) Twenty-Third Amendment. B) Seventeenth Amendment. C) Twenty-Sixth Amendment. D) Twenty-Fourth Amendment. Show Answer Correct Answer: A) Twenty-Third Amendment. 24. What reason does the government give to place an excise tax on alcohol and tobacco? A) To make it expensive to import the products. B) To make it harder for companies to sell these products. C) To discourage the use of these products. D) To raise money for the federal government. Show Answer Correct Answer: C) To discourage the use of these products. 25. Why were governments formed in early civilizations? A) When cities grew, they needed rules to keep people safe and things organized. B) Because people like to have other people tell them what to do. C) Governments were formed early because the strong took over the week and set up rules. D) Because the Illuminati demanded it. Show Answer Correct Answer: A) When cities grew, they needed rules to keep people safe and things organized. ← 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 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 10Class 12 Entrepreneurship Chapter 6 Government Policies And Support To Entrepreneurship Quiz 11 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books