This quiz works best with JavaScript enabled. Home > Class 12 > Class 12 Entrepreneurship Chapter 6 Government Policies And Support To Entrepreneurship – Quiz 5 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 12 Entrepreneurship Chapter 6 Government Policies And Support To Entrepreneurship Quiz 5 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. What is an important difference between interest groups and political parties? A) Interest groups have more members than political parties. B) Interest groups have platforms that address all issues of public concern. C) Interest groups are organized to elect their candidates to office. D) Interest groups attempt to influence government directly on a particular issue. Show Answer Correct Answer: D) Interest groups attempt to influence government directly on a particular issue. 2. Which of the following government schemes provides financial support to entrepreneurs and startups through funding in the early stages? A) Pradhan Mantri Jan Dhan Yojana. B) Stand-Up India Scheme. C) MUDRA Yojana. D) Atal Innovation Mission. Show Answer Correct Answer: C) MUDRA Yojana. 3. The yearly financial plan for the federal government A) Revenue bill. B) Interstate commerce. C) National budget. D) Government rollout plan. Show Answer Correct Answer: C) National budget. 4. The branch of government responsible for executing or enforcing the laws. A) Legislative Branch. B) Legislature Branch. C) Judicial Branch. D) Executive Branch. Show Answer Correct Answer: D) Executive Branch. 5. A student claims: "In capitalism, the government controls the means of production to ensure equal sharing." What is the best correction? A) Capitalism bans profits to prevent inequality. B) Capitalism uses private ownership and market competition. C) Capitalism replaces money with state-issued vouchers. D) Capitalism sets wages by national committees. Show Answer Correct Answer: B) Capitalism uses private ownership and market competition. 6. The government of a country is considering implementing policies to support the manufacturing sector. Which of the following policies is an example of direct government support for manufacturing? A) Decreasing corporate taxes for all businesses. B) Decreasing corporate taxes for all businesses. C) Providing subsidies to manufacturing companies to lower production costs. D) Offering training programs to improve workforce skills across all industries. Show Answer Correct Answer: C) Providing subsidies to manufacturing companies to lower production costs. 7. Government action to regulate the labor market A) It sets minimum wage standards and enforces workplace safety regulations. B) It provides tax breaks for large corporations. C) It eliminates all forms of labor unions. D) It allows employers to set wages without any restrictions. Show Answer Correct Answer: A) It sets minimum wage standards and enforces workplace safety regulations. 8. The government pays a subsidy for each worker employed by a firm in an area of high unemployment. When would this policy be most successful in reducing unemployment? A when the firm is capital-intensive B when the firm is labour-intensive, requiring mainly unskilled labour C when the firm provides professional services D when the firm requires mainly specialist, skilled labour A) A. B) B. C) C. D) D. Show Answer Correct Answer: B) B. 9. Which of the following is a benefit provided under the Startup India initiative? A) Tax exemption for 5 years. B) Mandatory government contracts. C) Fixed capital investment. D) No competition laws. Show Answer Correct Answer: A) Tax exemption for 5 years. 10. Trustworthiness is? A) Rich picked up a bottle on the ground. B) Lisa found money and gave it to the person who lost it. C) Eva said "thank you" when someone held the door open. D) Jack did his homework when he got home. Show Answer Correct Answer: B) Lisa found money and gave it to the person who lost it. 11. Why has the power of the federal government increased? A) To maintain state sovereignty. B) To reduce regulations. C) To address national challenges. D) To limit the power of individual states. Show Answer Correct Answer: C) To address national challenges. 12. Spending A) Difference between spending and revenue each year. B) All of the yearly deficits added together. C) Amount of money the government spends per year. D) Amount of money the government makes per year. Show Answer Correct Answer: C) Amount of money the government spends per year. 13. Which is a constitutional requirement to run for Congress? A) U.S. Permanent Resident. B) At least 25 years old. C) At least 30 years old. D) U.S. citizen. Show Answer Correct Answer: D) U.S. citizen. 14. Patents on inventions such as technological innovations help the economy by A) Allowing the government to make money from new inventions. B) Placing tariffs on any imports that might compete with U.S. products. C) Protecting intellectual property and fostering entrepreneurship. D) Providing government money for the development of new products. Show Answer Correct Answer: C) Protecting intellectual property and fostering entrepreneurship. 15. What should the government do to the value of £ to increase exports and economic growth? A) Increase the value of the pound (appreciation). B) Decrease the value of the pound (depreciation). C) Revaluation of the pound. D) None of the above. Show Answer Correct Answer: B) Decrease the value of the pound (depreciation). 16. A group of citizens is worried about losing their freedoms under a new government. Use reasoning to explain how a constitutional republic can safeguard liberty compared to other forms of government. A) By establishing laws and elected representatives that protect individual rights. B) By concentrating all power in one leader. C) By eliminating elections. D) By ignoring the rule of law. Show Answer Correct Answer: A) By establishing laws and elected representatives that protect individual rights. 17. Which government body is responsible for formulating policies for MSMEs in India? A) Ministry of Corporate Affairs. B) Ministry of Finance. C) Ministry of Micro, Small, and Medium Enterprises. D) Ministry of Commerce. Show Answer Correct Answer: C) Ministry of Micro, Small, and Medium Enterprises. 18. If the Central Bank increases the reserve ratio of commercial banks, it leads to a ..... in the supply of money in the economy. A) Decrease. B) Increase. C) All the above. D) None of the above. Show Answer Correct Answer: A) Decrease. 19. Which scheme aims specifically to promote women entrepreneurship in India? A) Startup India. B) Mahila Udyam Nidhi Scheme. C) Make in India. D) Pradhan Mantri Mudra Yojana. Show Answer Correct Answer: B) Mahila Udyam Nidhi Scheme. 20. Why is it difficult for the federal government to make large cuts to spending? A) Most of the government costs are for wages for federal employees. B) The largest part of the government spending is fixed and can't be reduced. C) Most people people oppose cuts for many programs. D) A constitutional amendment has limited the size of any spending cuts that can be passed by congress during one fiscal year. Show Answer Correct Answer: C) Most people people oppose cuts for many programs. 21. What do emergency responders do? A) Help us in an emergency. B) Help us with our homework. C) Help us with our chores. D) Help us win a race. Show Answer Correct Answer: A) Help us in an emergency. 22. The Federal Reserve can decrease the supply of money and slow inflation by A) Decreasing the reserve requirement. B) Selling government bonds in the open market. C) Decreasing the discount rate. D) Buying government bond in the open market. Show Answer Correct Answer: B) Selling government bonds in the open market. 23. Fiscal policy affects consumption by ..... A) Changing the amount of disposable income available. B) Changing the rate of their loans. C) Changing inflation rates in the economy. D) Changing unemployment. E) None of the above. Show Answer Correct Answer: A) Changing the amount of disposable income available. 24. The area a member of the House represents A) Congressional District. B) Bill of Attainder. C) House of Representatives. D) School District. Show Answer Correct Answer: A) Congressional District. 25. Which term best describes the policy of giving people control of their own lives? A) Self-determination. B) Reconciliation. C) Assimilation. D) Integration. Show Answer Correct Answer: A) Self-determination. ← 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 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