RSM100: Government Exam Questions and
Answers with Verified Solutions | Latest
Updated 2026
What are the roles of the The role of the government is to in set and
government? What do they hope carry
to out fiscal & monetary policies
create or achieve by doing these They aim to balance: inflation,
things? unemployment, and
government finances (taxation, deficits)
What do their roles influence in the They play a powerful role in creating the
business world? economic
environment in which businesses operate
What other 3 roles do the - Governments ACT as customers of
government play in their goods &
interactions services
with the business community? - Governments ACT as regulator of certain
business
activities
- Government ACT as a provider of social
&
business infrastructure
What are the 3 major/different Federal, Provincial, and Municipal
layers
of Government in Canada?
, How do federal & provincial Through:
governments obtain revenues? - personal income taxes
- corporate income taxes
- sales taxes
- tariffs & duties
Where does most of municipal Through:
income come from? - property taxes
Under what constitution are the The British North America Act
many powers of different levels of
government divided?
What is the power/duties of the - Defence and foreign policy
federal government to oversee? - Regional redistribution
What is the power/duties of - Post-secondary education
provincial governments to - Hospitals
oversee? - Highways
What is the power/duties of the - Public health
municipal government to oversee? - Children's recreation programs
- Libraries
- Transportation
What are the shared duties - Health
between - Policing
all 3 levels of government to - Environmental protection
oversee?
Answers with Verified Solutions | Latest
Updated 2026
What are the roles of the The role of the government is to in set and
government? What do they hope carry
to out fiscal & monetary policies
create or achieve by doing these They aim to balance: inflation,
things? unemployment, and
government finances (taxation, deficits)
What do their roles influence in the They play a powerful role in creating the
business world? economic
environment in which businesses operate
What other 3 roles do the - Governments ACT as customers of
government play in their goods &
interactions services
with the business community? - Governments ACT as regulator of certain
business
activities
- Government ACT as a provider of social
&
business infrastructure
What are the 3 major/different Federal, Provincial, and Municipal
layers
of Government in Canada?
, How do federal & provincial Through:
governments obtain revenues? - personal income taxes
- corporate income taxes
- sales taxes
- tariffs & duties
Where does most of municipal Through:
income come from? - property taxes
Under what constitution are the The British North America Act
many powers of different levels of
government divided?
What is the power/duties of the - Defence and foreign policy
federal government to oversee? - Regional redistribution
What is the power/duties of - Post-secondary education
provincial governments to - Hospitals
oversee? - Highways
What is the power/duties of the - Public health
municipal government to oversee? - Children's recreation programs
- Libraries
- Transportation
What are the shared duties - Health
between - Policing
all 3 levels of government to - Environmental protection
oversee?
