This quiz works best with JavaScript enabled. Home > Class 12 > Class 12 Entrepreneurship Chapter 6 Government Policies And Support To Entrepreneurship – Quiz 6 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 12 Entrepreneurship Chapter 6 Government Policies And Support To Entrepreneurship Quiz 6 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. The reduction of money supply can be attain by ..... A) Government selling assets. B) Government buying more products locally. C) Central bank buying back government bonds. D) Central bank selling government bonds. E) Central bank creating new jobs. Show Answer Correct Answer: D) Central bank selling government bonds. 2. The Central bank controls the reference rate. Why is this rate so important? A) It is the base of inflation. B) It is the base of all loans. C) It is the base of the exchange rate. D) It is the base of unemployment rate. E) All of the above. Show Answer Correct Answer: B) It is the base of all loans. 3. Under the "Stand-Up India" scheme, what percentage of the total loans are reserved for women entrepreneurs? A) 25%. B) 30%. C) 50%. D) 10%. Show Answer Correct Answer: B) 30%. 4. Discount Rate A) Amount of money the government spends per year. B) The interest rate that banks pay to borrow money from the Fed. C) The amount of money that a bank must keep on hand, and cannot loan out. D) Money that a lender charges in order to borrow money. Show Answer Correct Answer: B) The interest rate that banks pay to borrow money from the Fed. 5. What is the role of regulatory policy in the economy? A) To regulate the supply of money in the economy. B) To achieve economic growth, full employment, and price stability. C) To enforce voluntary contracts. D) To maintain law and order, protect property rights, and enforce contracts. Show Answer Correct Answer: D) To maintain law and order, protect property rights, and enforce contracts. 6. Which of the following details the affect of British settlement towards to Australia's Aboriginals? A) Loss of home and traditional hunting grounds. B) Loss of culture. C) Death through smallpox and other diseases. D) All of the above. Show Answer Correct Answer: D) All of the above. 7. Which of the following would be an expansionary monetary policy (increase in economic growth)? A) Raising wages of prison staff. B) Raising interest rates. C) Lowering interest rates. D) Lowering government spending. Show Answer Correct Answer: C) Lowering interest rates. 8. In 1948, which document was created to explain what rights were given to all humans? A) Declaration of Independence. B) Universal Declaration of Human Rights. C) International Covenant on Civil and Political Rights. D) International Covenant on Economic, Social, and Cultural Rights. Show Answer Correct Answer: B) Universal Declaration of Human Rights. 9. Why is government enforcement of rules and institutions important in a market economy? A) To ensure businesses have complete control over market outcomes. B) To prevent competition among businesses. C) To maintain property rights and enforce rules essential for market functioning. D) To minimize government intervention in market activities. Show Answer Correct Answer: C) To maintain property rights and enforce rules essential for market functioning. 10. What is monetary policy? A) Something to do with money. B) A policy that allows central banks to influences a nation's money supply through interest rates. C) A policy that allows central banks to influences a nation's money supply through exchange rates. D) A policy that allows governments to influences a nation's money supply through interest rates. Show Answer Correct Answer: B) A policy that allows central banks to influences a nation's money supply through interest rates. 11. What is the primary goal of the U.S. Trade Representative? A) Promoting world peace. B) Establishing free and open trade. C) Supporting democracy. D) Providing aid to people in need. Show Answer Correct Answer: B) Establishing free and open trade. 12. What is the Stolen Generation? A) A generation of people who moved out of the country. B) A generation that survived on stealing from Europeans. C) A generation of Indigenous Australians that were taken and raised by white people. D) A generation of babies that disappeared mysteriously, likely stolen and raised by kangaroos and dingos. Show Answer Correct Answer: C) A generation of Indigenous Australians that were taken and raised by white people. 13. Which is a Gross Domestic Product calculation that takes into consideration the effect of inflation on GDP? A) Nominal GDP. B) Real GDP. C) All the above. D) None of the above. Show Answer Correct Answer: A) Nominal GDP. 14. Which monetary policy tool would be expansionary? A) Increased money supply. B) Decreased interest rates. C) Increased government spending. D) Increased interest rates. Show Answer Correct Answer: B) Decreased interest rates. 15. What does the Fourteenth Amendment to the U.S. Constitution guarantee? A) Equal protection under the law. B) Right to privacy. C) Freedom of religion. D) Right to a speedy trial. Show Answer Correct Answer: A) Equal protection under the law. 16. Which Indian government policy aims to boost the ease of doing business and promote entrepreneurship in the country? A) GST. B) Make in India. C) National Entrepreneurship and Small Business Development Board. D) Startup India Hub. Show Answer Correct Answer: D) Startup India Hub. 17. What government agency is responsible for helping young children and needy families? A) The Department of Veterans Affairs. B) The Internal Revenue Service. C) The Department of Health and Human Services. D) The National Security Agency. Show Answer Correct Answer: C) The Department of Health and Human Services. 18. What did governments want to achieve through policies of protection? A) To help Indigenous people achieve recognition of their land rights. B) To help Indigenous people gain citizenship. C) To control all aspects of Indigenous people's lives. D) To encourage all states to give Indigenous people the vote. Show Answer Correct Answer: C) To control all aspects of Indigenous people's lives. 19. What Is Fiscal Policy? A) The finance department. B) A policy to monitor exchange rates. C) When a government adjusts its spending levels and tax rates to monitor and influence a nation's economy. D) A law set by the government. Show Answer Correct Answer: C) When a government adjusts its spending levels and tax rates to monitor and influence a nation's economy. 20. Goal:Decrease interest rates A) Contract economy. B) Expand economy. C) All the above. D) None of the above. Show Answer Correct Answer: B) Expand economy. 21. Public infrastructure projects are typically funded by: A) Private donations only. B) Government bonds and taxation. C) Foreign governments exclusively. D) Lottery sales only. Show Answer Correct Answer: B) Government bonds and taxation. 22. What distinguishes authoritarian governments from others? A) Their titles such as monarch or dictator. B) Their practices such as curtailing individual freedoms. C) Their support for free and fair elections. D) Their emphasis on economic equality. Show Answer Correct Answer: B) Their practices such as curtailing individual freedoms. 23. Which of the following actions is an example of expansionary fiscal policy? A) A decrease in the corporate income tax rates. B) A purchase of government securities in the open market. C) A decrease in welfare payments. D) A decrease in the discount rate. Show Answer Correct Answer: A) A decrease in the corporate income tax rates. 24. Economic stability through trade A) Passing laws to promote international trade agreements. B) Imposing tariffs on imported goods. C) Restricting foreign investments. D) Encouraging local production over imports. Show Answer Correct Answer: A) Passing laws to promote international trade agreements. 25. Income tax is a A) Direct tax. B) Voluntary tax. C) Indirect tax. D) Sales tax. 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