Q1 MCQ Drill: 2026 Economics P1 (2026 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 2026 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

The actual amount paid by consumers on final goods and services is known as … price.

A. basic

B. current

C. market

D. nominal

Question 2 of 8 2 Marks

The phase in a business cycle where the level of economic activity is at its lowest is called …

A. depression.

B. recession.

C. prosperity.

D. recovery.

Question 3 of 8 2 Marks

The requirement to explain one's own decisions and actions is known as …

A. apathy.

B. efficiency.

C. bureaucracy.

D. accountability.

Question 4 of 8 2 Marks

An increase in the value of one currency in terms of another currency, due to changes in the market forces, is called …

A. revaluation.

B. depreciation.

C. devaluation.

D. appreciation.

Question 5 of 8 2 Marks

A form of wealth tax that is paid when properties are bought is known as …

A. transfer duty.

B. capital gains tax.

C. estate duty.

D. excise duty.

Question 6 of 8 2 Marks

The worldwide interaction of economies with trade as an important element is called …

A. decentralisation.

B. globalisation.

C. specialisation.

D. regulation.

Question 7 of 8 2 Marks

The Industrial Policy Action Plan was designed to increase industrialisation in the … sector.

A. service

B. agricultural

C. manufacturing

D. tertiary

Question 8 of 8 2 Marks

The number of years a newborn baby is likely to live is known as …

A. child malnutrition.

B. life expectancy.

C. mortality rate.

D. population growth.

Q1 MCQ Drill: 2026 Economics P1 (2026 NSC May/June Mid-Year Examination)

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