WorksheetsEconomic Development Quiz
Total questions: 19
Worksheet time: 10mins
Which of the followings is NOT the possible reason for the 1997 financial crisis?
Rising current account deficit
Speculator attack
Overdependence on capital flight for economic growth
Low external debt and manageable debt service ratio
Which of the followings agricultural crops became a leading export of Malaya during colonial rule?
Rubber
Coconut
Oil palm
Paddy
In which of the periods did Malaysia enjoy its highest annual rate of growth in GDP?
1971-1975
1981-1986
1988-1996
2000-2009
Malaysia’s GDP contracted 5.6 per cent as compared to 4.3 per cent in 2019. Growth prospects are weighed down by____________.
output loss from COVID-19
Movement Control Order (MCO)
commodities supply disruptions
All the above.
Which of the following is a main goal of economic development?
Economic growth
Increasing wealth
Improvement of human development (education, health, etc)
All the above
All of the followings are correct about the implication of structural change of Malaysian economy from since independences EXCEPT
Increase in GDP
Unstable prices in agricultural goods
Reduced dependency on primary sector
Change in country’s foreign sector
The followings are indicators of economic development, EXCEPT
Literacy rate
Health standards
Wage rate legislation
Life expectancy
Which of the followings explain the imbalances in economic development?
With rapid development, solid and hazardous wastes become an issue
There are many well educated people who lack moral values
Some rural families still do not have access to water and electricity
All of the above
Which type of economic activity explains the primary sector?
Manufacturing
Mining and quarrying
Banking and insurance
Transport
What is the meaning of economic development?
Strategic initiatives and reforms focus on identifying new growth
Level of income which enables a household to purchase basic needs
Socio-economic issue impacts activities of the people the study of economics generally
Process of increased volume of production along with improvement in standard of living
Which type of economic activity extracts or harvests raw materials?
Primary sector
Secondary sector
Tertiary sector
None of the above
All these are factors contributing to Malaysia's economic growth, EXCEPT
educated, matured and skillful labor
political stability and maturity
highest contribution in agriculture sector to GDP since 2000s
technology in business/economy
All the followings occurred during the period of 2000-2010 EXCEPT:
The contribution of agriculture, forestry, livestock and fishing sector to GDP declined further to 8.7% in 2000 and to 7.8% in 2010.
The contribution of manufacturing has increased to 33.4% in 2000 and decreased to 32.4% in 2010.
Implementation of Sixth and Seven Malaysia Plans for manufacturing and service sectors such as Industrial Master Plan 3 (IMP 3).
More resources were allocated in the service sector such as educational and health tourism.
Economic development usually has some specific goals. Most of the time, the primary goal is improvement in the real per capita income and the secondary goal is normally consistent with the current needs of the society. Examples of the goals are
improvement in the distribution of income
reduction in the incidence of the poverty and improvement in the quality of life
reduction of imbalance in development between regions and between the modern and traditional sectors.
All the above
In recent years, which of the following trends has been observed in Malaysia's economic growth?
A steady increase in the share of oil and gas exports in GDP
A consistent decline in the growth rate of the manufacturing sector
A significant rise in the contribution of the services sector to GDP
A gradual decrease in FDI
Which of the following factors has most significantly contributed to the changes in Malaysia’s economic structure over the past few decades?
Declining global oil prices
Increased investment in technology and innovation
Expansion of the agricultural sector
High levels of foreign immigration
What is one of the key benefits of structural changes in the Malaysian economy?
Increased reliance on traditional agricultural practices
Diversification of the economy to reduce dependency on commodities
Greater emphasis on importation of goods and services
Maintenance of a fixed exchange rate to stabilize the economy
Which of the following factors was a significant contributor to Malaysia's transition from an agricultural economy to an industrial and services-oriented economy?
A decline in global demand for palm oil
Government policies promoting industrialization and foreign investment
A decrease in urbanization rates
Increased agricultural subsidies
Which of the following factors has significantly contributed to the rapid economic growth and development of Malaysia?
Heavy reliance on foreign aid
Robust infrastructure development and investment in technology
Decline in educational attainment and workforce skills
Isolation from international trade
