This quiz works best with JavaScript enabled. Home > Class 12 > Class 12 Entrepreneurship Chapter 6 Government Policies And Support To Entrepreneurship – Quiz 4 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 12 Entrepreneurship Chapter 6 Government Policies And Support To Entrepreneurship Quiz 4 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Which one of the following is not part of the business cycle? A) Growth. B) Slump. C) Recession. D) Maturity. Show Answer Correct Answer: D) Maturity. 2. How does promoting world peace benefit national security? A) It creates economic instability. B) It has no impact on conflict. C) It decreases the likelihood of conflict. D) It increases the likelihood of conflict. Show Answer Correct Answer: C) It decreases the likelihood of conflict. 3. Budget A) All of the yearly deficits added together. B) Difference between spending and revenue each year. C) Amount of money the government makes per year. D) A plan for money the government will spend. Show Answer Correct Answer: D) A plan for money the government will spend. 4. A bill that establishes a program and says how much can be spent on the program A) Revenue bill. B) Appropriations bill. C) Light bill. D) Authorization bill. Show Answer Correct Answer: D) Authorization bill. 5. To correct or improve A) Period. B) Scheme. C) Revise. D) Bond. Show Answer Correct Answer: C) Revise. 6. What is a key challenge faced by MSMEs in India? A) Excessive government support. B) Lack of skilled labor. C) Limited access to markets. D) Both B and C. Show Answer Correct Answer: D) Both B and C. 7. Which government policy expected Aboriginal and Torres Strait Islander people to live the same lives as non-Indigenous Australians? A) Protection. B) Integration. C) Assimilation. D) Self determination. Show Answer Correct Answer: C) Assimilation. 8. What is a example of government assists? A) Bus drivers & Lyft Driver. B) Police reports. C) Housing & Food Stamps. D) Federal Justice. Show Answer Correct Answer: C) Housing & Food Stamps. 9. The government regulates private businesses for all of the following reasons except A) To protect competition. B) To protect monopolies. C) To protect consumers. D) To stabilize the economy. Show Answer Correct Answer: B) To protect monopolies. 10. Economic growth can be defined as A an increase in a country's exports. B an increase in a country's population. C an increase in the productive capacity of an economy.D a reduction in inflation. A) A. B) B. C) C. D) D. Show Answer Correct Answer: C) C. 11. Which statement best explains why some reformers opposed pure laissez-faire during industrialization? A) They feared too much worker control over factories. B) They thought private ownership slowed economic growth. C) They believed unregulated markets could harm laborers. D) They argued competition eliminated consumer choices. Show Answer Correct Answer: C) They believed unregulated markets could harm laborers. 12. Define protectionism A) Protecting yourself as a business. B) Protecting your customers from competition. C) They protect jobs, infant industries and dumping from other countries through international trade. D) Protecting goods and services. Show Answer Correct Answer: C) They protect jobs, infant industries and dumping from other countries through international trade. 13. Prices are growing faster than wages can keep up. Which policy should government implement? A) Expansionary. B) Contractionary. C) All the above. D) None of the above. Show Answer Correct Answer: B) Contractionary. 14. Which fiscal policy measure would be used to improve an economy from a bad year A) Improve training and education. B) Decrease government spending. C) Increase money supply. D) Increase government spending. Show Answer Correct Answer: D) Increase government spending. 15. Which scheme provides mentorship and support for startups in India? A) Digital India. B) Startup India. C) Make in India. D) Skill India. Show Answer Correct Answer: B) Startup India. 16. Which Indian government scheme encourages women entrepreneurs to start their own businesses by providing financial assistance and guidance? A) Pradhan Mantri Mudra Yojana. B) Stand-Up India Scheme. C) Digital India. D) Atal Innovation Mission. Show Answer Correct Answer: B) Stand-Up India Scheme. 17. Which policy outcome aligns with Marx's call to abolish private property? A) Religious tithes funding relief for the poor. B) Worker bonuses while shareholders keep control. C) Higher taxes on owners but private firms remain. D) Goods and services shared equally across society. Show Answer Correct Answer: D) Goods and services shared equally across society. 18. What is a major way that the executive branch can act as a check on the legislative branch? A) Declaring legislation unconstitutional. B) Refusing to ratify treaties. C) Proposing constitutional amendments. D) Vetoing bills. Show Answer Correct Answer: D) Vetoing bills. 19. What is the definition of a policy? A) A form of government. B) An official plan of action. C) A platform used to discuss issues. D) A way for politicians to become president. Show Answer Correct Answer: B) An official plan of action. 20. What type of policy is the use of interest rates to control the economy? A) Demand side policy. B) Fiscal policy. C) Insurance policy. D) Monetary policy. Show Answer Correct Answer: D) Monetary policy. 21. This is the largest source of Federal Revenue. A) Sales Tax. B) Estate Tax. C) Payroll Tax. D) Income Tax. Show Answer Correct Answer: D) Income Tax. 22. The set of plans for guiding our nation's relationships with other countries. A) Domestic Policy. B) National Policy. C) Immigration Policy. D) Foreign Policy. Show Answer Correct Answer: D) Foreign Policy. 23. What does the "Stand-Up India" scheme promote? A) Entrepreneurship among only women. B) Entrepreneurship among Scheduled Castes (SC) and Scheduled Tribes (ST) and women. C) Only technology startups. D) Global entrepreneurship. Show Answer Correct Answer: B) Entrepreneurship among Scheduled Castes (SC) and Scheduled Tribes (ST) and women. 24. Which supply-side policy measure would be used to improve employment A) Increase government spending. B) Increased income taxes. C) Improved education and training. D) Decreased unemployment benefits. Show Answer Correct Answer: C) Improved education and training. 25. Which of the following is a key feature of the "Pradhan Mantri Employment Generation Programme" (PMEGP)? A) Focus on large corporations. B) Financial assistance for setting up new micro-enterprises. C) Mandatory government employment. D) Grants exclusively for urban areas. Show Answer Correct Answer: B) Financial assistance for setting up new micro-enterprises. ← 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 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