This quiz works best with JavaScript enabled. Home > Class 12 > Class 12 Entrepreneurship Chapter 6 Government Policies And Support To Entrepreneurship – Quiz 8 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 12 Entrepreneurship Chapter 6 Government Policies And Support To Entrepreneurship Quiz 8 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. The Stock Market has lost 40% of its value in a week. Which policy should be used? A) Expansionary. B) Contractionary. C) All the above. D) None of the above. Show Answer Correct Answer: A) Expansionary. 2. What role does political ideology play in a government? A) It determines how a government views its role in society. B) It dictates the government's economic policies exclusively. C) It solely focuses on the government's military strategies. D) It is irrelevant to modern governments. Show Answer Correct Answer: A) It determines how a government views its role in society. 3. Political parties are most powerful in checking the power of different branches of the government when A) Dealing with legislative rather than nonlegislative powers. B) Revenue bills are being debated. C) The judicial branch states that a law is unconstitutional. D) The government is divided. Show Answer Correct Answer: D) The government is divided. 4. Which of the following products will be most likely affected by an increase in income tax? A) Petrol. B) Salt. C) Jewellery. D) Bread. Show Answer Correct Answer: C) Jewellery. 5. What would be required for a significant change to the Texas Constitution? A) A thoughtful and deliberate process. B) A sudden and hasty decision. C) A unanimous vote by the citizens. D) A decision made solely by the government. Show Answer Correct Answer: A) A thoughtful and deliberate process. 6. According to communist theory in the reading, what should happen to the means of production? A) Collective ownership by the people as a whole. B) Private ownership by efficient entrepreneurs. C) Religious charities managing essential factories. D) Government leases to competing managers. Show Answer Correct Answer: A) Collective ownership by the people as a whole. 7. Employed A) Workers that are 16 years or older, not retired, not in the military or not institutionalized. B) The total number of adults who are either employed OR unemployed. C) The number of adults who are not working but are actively seeking work. D) The number of adults who are currently working either full or part time. Show Answer Correct Answer: D) The number of adults who are currently working either full or part time. 8. What was the outcome of the 1967 Referendum to amend the Australian Constitution? A) Indigenous Australians were granted the right to vote. B) Indigenous Australians were included in the census. C) Indigenous Australians were recognised by the United Nations Human Rights Council. D) All of the above. Show Answer Correct Answer: B) Indigenous Australians were included in the census. 9. When can the government improve market outcomes? A) When there is perfect competition in the market. B) When there is no government intervention in the market. C) When buyers and sellers are in perfect agreement. D) When one group has too much market power or third-party costs/benefits are not considered. Show Answer Correct Answer: D) When one group has too much market power or third-party costs/benefits are not considered. 10. Which best describes the main objective lobbyist? A) To raise campaign funds for political parties. B) To influence public decision-making for the common good. C) To influence state legislators serving as a senator or representative on issues. D) To advise candidate on how to manage their election campaign. Show Answer Correct Answer: C) To influence state legislators serving as a senator or representative on issues. 11. A tax that takes equally from everybody is known as a(n) A) Equal tax. B) Proportional Tax. C) Progressive Tax. D) Regressive Tax. Show Answer Correct Answer: B) Proportional Tax. 12. What is one way the Federal Reserve System regulates economic activity? A) Regulating tariff rates on foreign imports. B) Regulating production on consumer goods. C) Regulating the amount of money in circulation. D) Regulating spending by the federal government. Show Answer Correct Answer: C) Regulating the amount of money in circulation. 13. Congress can decrease the U.S. production of a product by A) Heavily taxing the product. B) Placing restrictions on the product's importation. C) Removing any interstate commerce restrictions on the product. D) Removing any regulations that may apply to the product. Show Answer Correct Answer: A) Heavily taxing the product. 14. Article I, Section 8, of the Constitution, which gives Congress the power to make all laws that are necessary and proper for carrying out its duties A) Articles of Confederation. B) Necessary and proper clause. C) Appropriations bill. D) Article of Law and Order. Show Answer Correct Answer: B) Necessary and proper clause. 15. How can governments affect business activity? A) By buying shares in the business. B) By becoming a Plc. C) By changing laws and regulations. D) None of the above. Show Answer Correct Answer: C) By changing laws and regulations. 16. What is the primary focus of the "Women Entrepreneurship Platform" launched by the Government of India? A) To provide job opportunities only. B) To create a network for women entrepreneurs and support their ventures. C) To promote only traditional crafts. D) To enhance competition among large enterprises. Show Answer Correct Answer: B) To create a network for women entrepreneurs and support their ventures. 17. What is an example of the government protecting a citizen's property? A) A firefighter putting out a fire in a house. B) A doctor giving medicine to a patient. C) A librarian lending a book to students. D) A recycling truck picking up bottles. Show Answer Correct Answer: A) A firefighter putting out a fire in a house. 18. The government enacted a law requiring the installation of seat belts in new cars. What is the intended benefit of this type of government regulation? A) To increase tax revenue. B) To promote economic growth. C) To reduce private sector profits. D) To enhance consumer safety. Show Answer Correct Answer: D) To enhance consumer safety. 19. The Federal Open Market Committee sells bonds. What type of policy is this? A) Contractionary Fiscal. B) Expansionary Fiscal. C) Contractionary Monetary. D) Expansionary Monetary. Show Answer Correct Answer: C) Contractionary Monetary. 20. What does the Ninth Amendment to the U.S. Constitution protect? A) Unenumerated rights. B) Freedom of speech. C) Right to bear arms. D) Right to a fair trial. Show Answer Correct Answer: A) Unenumerated rights. 21. What competition did patents lead to? A) Houses & Apartments. B) Brand & Entrepreneurship. C) Cars & Trucks. D) Cats & Dogs. Show Answer Correct Answer: A) Houses & Apartments. 22. An organization of government departments, agencies, and offices. A) Congress. B) Ambassadors. C) Bureaucracy. D) Cabinet. Show Answer Correct Answer: C) Bureaucracy. 23. How does presidential communication influence the passing of legislation? A) It grants the president the power to veto legislation. B) It directly determines the outcome of legislative votes. C) It allows the president to unilaterally implement policies without congressional approval. D) It can generate public support for the president's agenda, increasing the likelihood of legislative success. Show Answer Correct Answer: D) It can generate public support for the president's agenda, increasing the likelihood of legislative success. 24. What is involved in the construction of a Retail Price Index? A a base year B incomes C price elasticity of products D quantity supplied A) A. B) B. C) C. D) D. Show Answer Correct Answer: B) B. 25. What are the general principles upheld by the Texas Constitution? A) Limited government, separation of powers, popular sovereignty, and individual rights. B) Unlimited government, concentration of powers, popular control, and collective rights. C) Limited government, concentration of powers, popular sovereignty, and individual rights. D) Unlimited government, separation of powers, popular control, and collective rights. Show Answer Correct Answer: A) Limited government, separation of powers, popular sovereignty, and individual rights. ← 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 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 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