With parental controls enabled on iPad/iPhone, I am able to set different restrictions on the apps, such as Safari and YouTube, and restrict my children to browse websites and purchase apps. As a parent, my 5 year old son often use my N7. Does the Google nexus 7 tablet have the parental controls feature similar to iOS device?
There is not any specific parental controls and app level restrictions built into Nexus 7 jelly bean. You can set up a password on the device or set a PIN for any app purchases and make content filterin your Google Play sotre.
Update: Parental Control apps for Android tablet