Q1 MCQ Drill: 2022 Economics P1 (2022 NSC October/November National 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 2022 NSC October/November National 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

Products that consumers can use repeatedly to satisfy their needs for many years are called … goods.

A. semi-durable

B. non-durable

C. perishable

D. durable

Question 2 of 8 2 Marks

The buying and selling of government securities to control the money supply is known as …

A. moral suasion.

B. cash reserve requirements.

C. open-market transactions.

D. interest rate changes.

Question 3 of 8 2 Marks

Public goods that are non-excludable and non-rival in consumption are called … goods.

A. community

B. collective

C. demerit

D. merit

Question 4 of 8 2 Marks

The balance of payments account that records transactions related to exports and imports of goods and services is known as the … Account.

A. Financial

B. Current

C. Capital Transfer

D. Reserve

Question 5 of 8 2 Marks

A trade protocol that is meant to improve trade relationships between the United States of America and Africa is called the …

A. European Union.

B. Southern African Customs Union.

C. African Growth and Opportunity Act.

D. Multilateral Monetary Area.

Question 6 of 8 2 Marks

A redress measure that aims to compensate citizens who lost their land due to discriminatory laws of the past is known as …

A. land redistribution.

B. property subsidy.

C. land reform.

D. land restitution.

Question 7 of 8 2 Marks

The Platinum Spatial Development Initiative (SDI) focuses on …

A. mining and agritourism.

B. forestry and agri-processing.

C. information, technology and telecommunications.

D. transport and tourism.

Question 8 of 8 2 Marks

An indicator that measures the number of children who die before the age of one year is called …

A. spending on health.

B. infant mortality rate.

C. under-five mortality rate.

D. access to sanitation.

Q1 MCQ Drill: 2022 Economics P1 (2022 NSC October/November National Examination)

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