BME2054 BM04 L1 Q1

Portuguese made the first colonial in Malaysia.

• True

• False

British colonialism transformed the nation and left a lasting legacy on Malaysian culture.

• True

• False

Malaysia produces vast amounts of rubber with 2017 exports accounting for almost $7 billion (RM27 billion). The Brits brought rubber trees from Brazil in the late 19th-century. Industrialising Europe needed rubber to meet the ever increasing demand in the automotive business. The British responded with a rubber boom in the early 20th-century.

• True

• False

People have mined tin in Perak for thousands of years. The Portuguese and Dutch attempted to extract the mineral too. But they only mined the surface deposits. The British in Malaysia turned tin mining into a huge industry towards the end of the 19th-century. Malaysia quickly became the leading exporter accounting for 31% of global production, until the tin market crashed in the 1980s.

• True

• False

Import substitution industrialization (ISI) is a trade and economic policy which advocates ______________________.

• attempt to increase its foreign dependency through the local production of industrialized products

• increasing more foreign imports along with domestic production

• replacing foreign imports with domestic production.

• to boost domestic production for greater export.

What is the oldest economic industry in Malaysia?

• Agriculture only.

• Forestry only

• Agriculture, forestry, and fishing.

• None of the above

Malaysia’s annual gross domestic product (GDP) growth moderated to _______ in 2019, the lowest level since the Global Financial Crisis in 2009. The country’s fourth quarter of 2019 (4Q19) GDP growth slowed to _____, which is the lowest in 41 quarters since 3Q09, according to Bank Negara Malaysia (BNM) statistics released today.

• 4.7%, 3.6%

• 4.3%, 3.6%

• 4.9%, 3.6%

• None of the above is correct.

Malaysia's economy grew 3.6% in Q4 of 2019. On the production side, ____________________sectors continued as the main impetus to the economic growth. The growth of expenditure side was underpinned by__________________.

• services and construction; gross capital formation

• services and manufacturing; gross capital formation

• services and manufacturing; private final consumption expenditure

• services and construction; private final consumption expenditure

Malaysia's GDP growth to be between -0.2% and 0.5% in 2020. Growth prospects are weighed down by_____________________.

• output loss from COVID-19

• Movement Control Order (MCO)

• commodities supply disruptions

• All the above.

Malaysia's inflation rate to rise by 3% to 4% next year, World Bank says. Examine the figure.

• True

• False