The charge spin-separation, pseudogap formation and phase diagrams are studied in two and four site Hubbard clusters using analytical diagonalization and grand canonical ensemble method in a multidimensional parameter space of temperature, magnetic field, on-site Coulomb interaction ($Uge 0$), and chemical potential. The numerically evaluated, exact expressions for charge and spin susceptibilities provide clear evidence for the existence of true gaps in the ground state and pseudogaps in a limited range of temperature. In particular, Mott-Hubbard type charge crossover, spin pseudogap and magnetic correlations with antiferromagnetic (spin) pseudogap structure for two and four site clusters closely resemble the pseudogap phenomena and the normal-state phase diagram in high T$_c$ superconductors. ~ ~