Q1 MCQ Drill: 2021 Economics P1 (2021 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 2021 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

Long-term financial instruments, such as shares, are traded in the … market.

A. money

B. capital

C. foreign exchange

D. labour

Question 2 of 8 2 Marks

Business cycles that are caused by changes in the construction industry that last for 15 to 20 years are called … cycles.

A. Kuznets

B. Kitchin

C. Jugler

D. Kondratieff

Question 3 of 8 2 Marks

Transfer of ownership of entities from the private sector to the public sector is called …

A. privatisation.

B. commercialisation.

C. deregulation.

D. nationalisation.

Question 4 of 8 2 Marks

Investment contracts that base their value on the underlying assets, such as currencies and commodities, are known as …

A. other investments.

B. direct investments.

C. financial derivatives.

D. portfolio investments.

Question 5 of 8 2 Marks

The international organisation that reduces tariffs and other trade barriers to liberalise trade is called the …

A. World Bank.

B. International Monetary Fund.

C. World Trade Organisation.

D. World Health Organisation.

Question 6 of 8 2 Marks

The growth and development policy that aims to eliminate poverty and reduce inequality by 2030, is known as the …

A. National Development Plan.

B. Reconstruction and Development Programme.

C. Growth, Employment and Redistribution Programme.

D. Accelerated and Shared Growth Initiative for South Africa.

Question 7 of 8 2 Marks

A cash incentive that aims to provide investment in the training of the South African labour force to gain new expertise, is called the …

A. Critical Infrastructure Programme.

B. Skills Support Programme.

C. Custom Free Incentives.

D. Small Business Support Programme.

Question 8 of 8 2 Marks

The percentage of the population living in poverty in a country is indicated by …

A. the Gini coefficient.

B. life expectancy.

C. per capita gross domestic product.

D. the headcount index.

Q1 MCQ Drill: 2021 Economics P1 (2021 NSC October/November National Examination)

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