Q1 MCQ Drill: 2021 Economics P1 (2021 NSC May/June Mid-Year Examination)

Economics Past Paper Question 1 Drill Level 1: Knowledge & Recall

12:00

8 multiple-choice questions taken verbatim from Section A of the official 2021 NSC May/June Mid-Year Examination Economics Paper 1, auto-marked against the official marking guideline. Questions that rely on diagrams or graphs are excluded - see the full paper for those.

Question 1 of 8 2 Marks

Cycles that last 3–5 years and are caused by businesses adapting their inventory levels:

A. Jugler

B. Kitchin

C. Kuznets

D. Kondratieff

Question 2 of 8 2 Marks

A decrease in the value of the currency due to market forces is known as …

A. revaluation.

B. devaluation.

C. appreciation.

D. depreciation.

Question 3 of 8 2 Marks

Newly established firms that still need protection are called … industries.

A. competitive

B. strategic

C. declining

D. infant

Question 4 of 8 2 Marks

The continuous movement of factors of production, goods and services among the participants in the economy is called …

A. leakages.

B. injections.

C. real flows.

D. money flows.

Question 5 of 8 2 Marks

Service delivery to ensure the daily management of cities and towns is the responsibility of the ... government.

A. local

B. national

C. provincial

D. central

Question 6 of 8 2 Marks

A nationwide government intervention to create employment using labour-intensive methods is known as the …

A. Black Economic Empowerment Programme.

B. National Skills Development Strategy.

C. Expanded Public Works Programme.

D. Joint Initiative on Priority Skills Acquisition.

Question 7 of 8 2 Marks

Issues related to human well-being over a period of time are monitored by using … indicators.

A. growth

B. social

C. economic

D. communication

Question 8 of 8 2 Marks

A track of land that forms a passageway allowing access from one area to another is called a/an …

A. corridor.

B. special economic zone.

C. spatial development initiative.

D. industrial development zone.

Q1 MCQ Drill: 2021 Economics P1 (2021 NSC May/June Mid-Year Examination)

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