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Malaysian Economics - Part 1

Total questions: 15

Worksheet time: 15mins

Name
Class
Date
1.

What is the meaning of economic development?

a)

Strategic initiatives and reforms focus on identifying new growth

b)

Level of income which enables a household to purchase basic needs

c)

Socio-economic issue impacts activities of the people

d)

Process of increased volume of production along with improvement in standard of

living

2.

The following lists are Malaysia’s long-term plan, EXCEPT:

a)

New Economic Policy

b)

Second Malaya Plan

c)

National Vision Policy

d)

New Economic Model

3.

Which are new dimensions that were introduced during National

Development Plan (NDP)?

a)

to focus on employment and rapid development of an active BCIC.

b)

to focus on human resource development as a fundamental requirement to

achieve the objectives of growth and distribution

c)

to restructure society that aims to reduce the dependence of the Malays and other

indigenous people on subsistence agriculture.

4.

Which of the followings were included in the Strategic Reform Initiatives (SRIs) of

New Economic Model?

a)

Strengthening of the public sector and re-energizing the private sector

b)

Restructuring of society and balanced development

c)

Shifting the focus of anti-poverty and human resource development

d)

National unity and active government participation in the economy

5.

Below are the factors of colonization in Malaya except:

a)

Raw materials

b)

World War I

c)

Industrial revolution

d)

Competition among western powers

6.

The following lists are components of Malaysia’s poverty line, EXCEPT:

a)

Transportation expenditure

b)

Food expenditure

c)

Clothing and footwear expenditure

d)

Other Non-Food expenditure

7.

Economic growth is a quantitative measurement and measures progress in developed countries

a)

True

b)

False

8.

Among the disadvantages of Privatization Policy in Malaysia is to increase productivity and efficiency.

a)

True

b)

False

9.

“Sustainability” in the New Economic Model highlights that investment and policy

decisions will only be made after full consideration of their long-term impact on the

society, the economy as a whole and the environment.

a)

True

b)

False

10.

Among the focus area in the 12 NKEAs are marketing and promotional strategy.

a)

True

b)

False

11.

Among the measures to solve poverty is providing loans for small business.

a)

True

b)

False

12.

“Poverty” is defined as sufficient amount of income to acquire minimum necessities of life

a)

True

b)

False

13.

The British colonized Malaya from the early 1800s to 1957 for its rich resources of tin deposits, strategic location as a port and vast land for the commercial plantation of natural rubber. British colonization policies in Malaya are:

a)

Land Law

b)

Labor policies

c)

Educational system

d)

Fund

14.

Which of the following is not one of pillars of national transformation?

a)

1Malaysia, People First, Performance Now concept

b)

Government Transformation Program (GTP)

c)

New Economic Model (NEM)

d)

9th Malaysia Plan

15.

Among the importance of education and human capital are increase economic.

a)

True

b)

False