CHAPTER 2 QUIZ

What is the primary objective of the New Economic Policy (NEP) introduced in 1971?

• To focus solely on agricultural development.
• To eliminate foreign trade and investment.
• To increase government control over all industries.
• To promote economic growth and reduce poverty.

Which of the following strategies was NOT part of the NEP?

• Restructuring society

• Eradicating poverty

• Encouraging Bumiputera participation in modern sectors

• Reducing foreign direct investments (FDI)

The National Development Plan (NDP) aimed to:

• Promote economic growth and improve quality of life.
• Limit foreign investment and trade.
• Focus solely on environmental sustainability.
• Reduce government spending and increase taxes.

Which of the following is a long-term economic policy plan?

• National Development Plan

• Rancangan Malaysia ke-10

• Belanjawan 2024

• Quarterly Economic Review

One of the benefits of Malaysia’s privatization policy is:

• Reduced foreign investment in local businesses.
• Increased unemployment in the public sector.
• Increased efficiency and competitiveness in various sectors.
• Decreased government revenue from public services.

In what year did Malaysia introduce Vision 2020?

• 2000

• 1991

• 1995

• 1985

Which of the following best describes the objectives of Vision 2020?

• To reduce the population growth rate

• To increase reliance on foreign labor

• To focus exclusively on technological advancements

• To achieve a fully developed nation by the year 2020

The "middle-income trap" mentioned in the NEM refers to:

• Malaysia's inability to achieve high-income status

• A significant increase in poverty rates

• Decline in foreign investments

• Dependence on subsidies for economic growth

Which of the following years corresponds to the First Malaya Plan?

• 1956
• 1970
• 1965
• 1950

Which of the following was a disadvantage of Malaysia’s privatization policy?

• Reduced government control over essential services.
• Improved efficiency in government operations.
• Increased investment in public infrastructure.
• Enhanced competition among service providers.