Government and Business Relationship Quiz
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Questions and Answers

What is one of the responsibilities of business towards the government according to the text?

  • Avoiding government contracts
  • Regular payment of taxes (correct)
  • Sponsoring private events and parties
  • Providing incorrect information to the government

    • How can business houses contribute to government contracts?

  • By overcharging for the projects
  • By avoiding the projects altogether
  • By carrying out the projects according to required specifications and standards (correct)
  • By delaying project completion intentionally

    • What is an example of a voluntary programme that the government expects businesses to cooperate with?

  • Promoting unhealthy habits
  • Promoting education (correct)
  • Promoting luxury brands
  • Promoting political propaganda

    • In what way are some business houses involved in political activities according to the text?

    <p>By making monetary contributions to political parties, particularly at the time of elections</p> Signup and view all the answers

    What is one way in which business houses provide service to the government?

    <p>By being included in advisory boards and delegations exploring trade and industry prospects</p> Signup and view all the answers

    What is the primary role of the government as a regulator?

    <p>Ensuring healthy competition and protecting business agreements</p> Signup and view all the answers

    In what capacity does the government work to protect the general environment of business?

    <p>Government as regulator</p> Signup and view all the answers

    What is the primary focus of the government as a promoter?

    <p>Schemes for agriculture and disadvantaged groups</p> Signup and view all the answers

    Which level does the government work at to ensure healthy competition and protect business agreements?

    <p>All of the above</p> Signup and view all the answers

    What type of protection does the government offer to creative works of intellectual property (IP)?

    <p>Protection to creative works of IP</p> Signup and view all the answers

    What is the impact of government policy on business and industry with reference to liberalisation, privatisation, and globalisation?

    <p>Enhanced market opportunities and increased foreign investment</p> Signup and view all the answers

    What is one of the roles of the government as an entrepreneur?

    <p>Directly engaging in commercial activities and establishing public enterprises</p> Signup and view all the answers

    How does the government work to protect the general environment of business?

    <p>By formulating and implementing regulations to ensure sustainable business practices</p> Signup and view all the answers

    What is one of the responsibilities of business towards the government according to the text?

    <p>Participating in voluntary programs that benefit society and citizens</p> Signup and view all the answers

    Which level does the government work at to ensure healthy competition and protect business agreements?

    <p>Union level, State level, &amp; Local level</p> Signup and view all the answers

    What is one way in which business houses provide service to the government?

    <p>By contributing to economic development and public welfare initiatives</p> Signup and view all the answers

    What is the primary responsibility of every businessman towards the Government according to the text?

    <p>Regular payment of taxes</p> Signup and view all the answers

    How can business houses contribute to government contracts as per the text?

    <p>By lobbying for specific projects</p> Signup and view all the answers

    In what way do some influential and competent businessmen serve the Government according to the text?

    <p>By serving in advisory boards and delegations for trade and industry prospectus</p> Signup and view all the answers

    What type of contributions are business houses involved in when it comes to political activities according to the text?

    <p>Lobbying for securing legislation</p> Signup and view all the answers

    How do business houses provide service to the Government according to the text?

    <p>By serving in advisory boards and delegations for trade and industry prospectus</p> Signup and view all the answers

    What is the primary focus of the government as a planner according to the text?

    <p>Budgeting resource allocation</p> Signup and view all the answers

    In what capacity does the government work to protect the general environment of business according to the text?

    <p>As a regulator</p> Signup and view all the answers

    How does the government work to protect creative works of intellectual property (IP) according to the text?

    <p>By working as a regulator</p> Signup and view all the answers

    What is an example of a voluntary programme that the government expects businesses to cooperate with according to the text?

    <p>Sponsoring social welfare programmes</p> Signup and view all the answers

    What level does the government work at to ensure healthy competition and protect business agreements according to the text?

    <p>As a regulator</p> Signup and view all the answers

    Study Notes

    Responsibilities of Business and Government

    • Business houses are expected to contribute to government contracts by participating in the bidding process.
    • One of the responsibilities of business towards the government is to pay taxes and comply with regulations.
    • Business houses provide service to the government by offering their expertise and resources.

    Role of Government

    • The primary role of the government as a regulator is to ensure that businesses operate fairly and within the bounds of the law.
    • The government works to protect the general environment of business by providing a conducive environment for businesses to operate.
    • The primary focus of the government as a promoter is to encourage entrepreneurship and economic growth.
    • The government works at the macro level to ensure healthy competition and protect business agreements.
    • The government offers protection to creative works of intellectual property (IP) through patents, copyrights, and trademarks.

    Government Programs and Policies

    • The government expects businesses to cooperate with voluntary programmes, such as environmental sustainability initiatives.
    • The impact of government policy on business and industry is significant, with policies such as liberalisation, privatisation, and globalisation affecting the business environment.
    • The government works as an entrepreneur by setting up public enterprises and investing in key sectors.

    Business and Government Interaction

    • Some business houses are involved in political activities, such as lobbying and making political contributions.
    • Influential and competent businessmen may serve the government as advisors or members of government committees.
    • Business houses may contribute to political activities through voluntary programmes, such as community development initiatives.

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    Description

    Test your understanding of the relationship between government and business, including cooperation, conflict, and the impact of government policies on business and industry. Explore the roles of government as a regulator, promoter, planner, and entrepreneur in business.

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