NEW
Font size
WorksheetsMalaysia's Economic Policies Quiz
Total questions: 25
Worksheet time: 13mins
The following lists are Malaysia’s long-term plan, EXCEPT: -
New Economic Policy
Second Malaya Plan
National Vision Policy
New Economic Model
Among the four (4) new dimensions that were introduced during National Development Plan (NDP) were:
to restructure society that aims to reduce the dependence of the Malays and other indigenous people on subsistence agriculture.
I and II
II and III
to focus on employment and rapid development of an active BCIC.
to focus on human resource development as a fundamental requirement to achieve the objectives of growth and distribution.
Which of the followings were included in the Strategic Reform Initiatives (SRIs) of New Economic Model?
Strengthening of the public sector and re-energizing the private sector
Restructuring of society and balanced development
Shifting the focus of anti-poverty and human resource development
National unity and active government participation in the economy
Which of the following is NOT the argument for privatization?
Relieves financial and administration burden of the public sector to private sector
Enhances efficiency
Decreases productivity and efficiency
Increase productivity
Which of the following statements is incorrect about New Economic Policy (NEP) objective and strategies?
The NEP was formulated to eradicate poverty by raising income levels and increasing employment opportunities for all Malaysians, irrespective of race.
The NEP was formulated to accelerate the process of restructuring Malaysian society to correct economic imbalances, so as to reduce and eventually to eliminate the identification of race by economic function.
The NEP also focused on the creation of a Malay Commercial and Industrial Community, later known as Bumiputera Commercial and Industrial Community (BCIC).
The NEP was formulated to spearhead Malaysia’s progress in high-technology industries.
"If Malaysia is to continue to enjoy prosperity, political stability, economic growth and social harmony, then it must be able to overcome the nine basic challenges." This statement related to
National Privatization Policy
National Development Policy
Vision 2020
Shared Prosperity Vision
In the ____________, Telekom Malaysia, Tenaga Nasional Berhad, Post Malaysia and SYABAS are some of the department that been released from government sector with the aimed to improved the economic performance and services as a whole.
National Privatisation Policy
National Incorporation Policy
National Development Policy
National Industrialization Policy
Which of the following is not one of pillars of national transformation?
1Malaysia, People First, Performance Now concept
Government Transformation Program (GTP)
New Economic Model (NEM)
9th Malaysia Plan
All of the followings explain the reasons for British colonization in Malaya, EXCEPT
viable destination for tourism
rich resources in tin deposits
strategic location as a port
vast land suitable for the commercial plantation of rubber
The below-mentioned statement best describes the The influx of Chinese immigrants together with technological innovations in the mining of tin led to a large commercial production of tin. At independence, the tin industry contributed to 33% of the world’s output.
Malaysian economic structure after independence
impact of British and Japanese colonization in Malaya
development of multi-racial society in Malaya
large demand for tin due to automobile and economic boom in Europe
These strategies best explain the
Reducing absolute poverty with the intention of eventually eradicating it, irrespective of race
Restructuring society so as to eliminate the identification of race with economic functions and geographical locations
National Development Policy
New Economic Policy
New Economic Model
The below-mentioned statement best describes the achievement of which policy? The mean monthly gross household income for Bumiputera increased by 5.5% from 1990 to 2000. For the same period, the Chinese and Indians mean monthly income increased by 4.6% and 6% respectively.
National Development Policy
New Economic Policy
New Economic Model
National Vision Policy
Which of the following strategies does not represent the National Development Policy?
All Malaysians will be provided with equitable opportunities to participate in economic growth. The target is to have a more balanced economic composition in high paying jobs
Shift the focus of anti-poverty strategy under the New Economic Policy (NEP) to the eradication of hardcore poverty and, at the same time, the reduction of relative poverty
Focus more on employment and the rapid development of an active Bumiputera Commercial and Industrial Community (BCIC) to increase Bumiputera participation in the modern sectors of the economy
Depend more on private sector involvement in the restructuring of society
This statement best describes the The production, distribution and use of knowledge is the main driver of growth, wealth creation and employment across all industries
K-economy
Government Transformation Program (GTP)
Vision 2020
Information and Communications Technology (ICT)
____________ involves the transfer of rights to use assets for a specified period in return for specific payments. The fixed assets are usually large and its nature is strategic
Sale of assets and equity
Lease of assets
Management contract
Joint venture
What is a key objective of Malaysia's National Vision Policy (NVP), introduced in 2001?
Expanding Malaysia’s economic ties with neighboring countries
Achieving high-income nation status by 2020
Promoting rural development and agricultural productivity
Increasing the use of fossil fuels for energy production
Which strategic reform initiative is a key component of Malaysia’s New Economic Model (NEM) to promote economic transformation?
Enhancing public sector employment
Streamlining regulatory frameworks and reducing bureaucratic red tape
Increasing subsidies for traditional manufacturing industries
Expanding agricultural land for large-scale farming
What is a key objective of Malaysia's Madani Economy framework introduced in 2023?
To prioritize short-term economic gains over long-term sustainability
To foster a balanced, inclusive, and sustainable economic development
To increase reliance on fossil fuels for economic growth
To restrict foreign investment in key economic sectors
What is a primary goal of Malaysia’s Economic Transformation Program (ETP) under the New Economic Model (NEM)?
To increase subsidies for the agriculture sector
To develop and enhance high-value economic sectors and achieve developed nation status
To limit foreign investments in the technology sector
To reduce the role of the private sector in economic development
Which of the following best describes a knowledge-based economy?
An economy primarily driven by agriculture and natural resources.
An economy where growth is largely dependent on the production and use of knowledge and information.
An economy focused mainly on manufacturing and industrial outputs.
An economy that relies solely on financial services and banking.
What is the main objective of the MADANI Economy framework introduced by the Malaysian government?
To increase taxes for foreign investors
To position Malaysia as a leading nation in Southeast Asia in terms of sustainability and equity
To privatize all government-linked companies (GLCs)
To replace the 12th Malaysia Plan entirely
The term “MADANI” in the MADANI Economy framework stands for values that guide Malaysia’s development. What does the letter “M” represent?
Moral
Malaysia
Madani
Sustainability
Which of the following is NOT one of the core values of the MADANI framework?
Sustainability (KeMampanan)
Care and Compassion (Kesejahteraan)
Governance (Kecekapan)
Creativity (Kreativiti)
The MADANI Economy aims to make Malaysia among the top countries in which area by 2030?
Oil production
GDP per capita
Corruption index ranking and living standards
Export volume
What is the main aim of the New Economic Model (NEM)?
To transform Malaysia into a high-income, inclusive, and sustainable economy
To increase dependence on oil and gas exports
To replace the Vision 2020 entirely
To reduce government spending and privatize all sectors
