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WorksheetsECONOMIC
Total questions: 10
Worksheet time: 3mins
Name
Class
Date
1.
If your income during one year is RM10,000 and the following year it is RM12,000, then it has grown by.......
a)
20%
b)
2%
c)
12%
d)
16%
2.
__________ the quantity of a product that buyers wish to purchase at each possible price.
a)
Demand
b)
Supply
c)
Excess demand
d)
Excess supply
3.
A market can accurately be described as ........
a)
a place to buy things
b)
a place to sell things
c)
the process by which prices adjust to reconcile the
allocation of resources
d)
a place where buyers and sellers meet
4.
What is the advantage of having a personal budget ?
a)
Develop expenditure prioritization
b)
The debt burden increases
c)
Savings cannot be made
d)
Balance of payments decrease
5.
Kedah is known for its ………………… production.
a)
pineapple
b)
rice
c)
mango
d)
coconut
6.
A production company took loan for all these reasons EXCEPT
a)
start a business
b)
buy durable goods
c)
solve business problems
d)
capital expenditures
7.
(GDP) is the monetary value of all the finished goods and services produced within a country's borders in a specific time period. GDP stands for…………
a)
Government Dominate Policy
b)
Gross Domestic Product
c)
Gone Debt Procedures
d)
Goal Determined Product
8.
Remuneration to the investment is in the form of ......
a)
interest
b)
savings
c)
profits
d)
hire
9.
Before money was introduced as an exchange medium, the people practised _________ system to trade
a)
currency
b)
barter
c)
auction
d)
marketing
10.
This is an international organization headquartered in Washington,D.C., working to foster global monetary cooperation and secure financial stability around the global. Name this organisation.
a)
World Health Organization (WHO)
b)
Food and Agriculture Organization (FAO)
c)
International Labour Organization (ILO)
d)
International Monetary Fund (IMF)
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