Az.Iqtisadiyyati (Mock exam 3)

A picturesque view showcasing Azerbaijan's economic growth, highlighting oil industries, vibrant markets, and modern infrastructure under a clear blue sky.

Azerbaijan's Economic Development Quiz

Test your knowledge of Azerbaijan's economic history and development with our comprehensive quiz. Covering important topics from the Soviet era to recent economic policies, this quiz offers an engaging way to learn more.

Key Features:

40 multiple choice questions
Insights into economic reforms and trends
Designed for students and enthusiasts alike

40 Questions10 MinutesCreated by ExploringEconomy25

�State Program on Poverty Reduction and Economic Development” was adopted in:

One of them is not reform of the second stage:

Determine the economic development model of the Azerbaijani economy

Japanese-oriented economic development model economic model

Chinese-oriented economic model

American oriented economic model

Liberal oriented economic model

Socially oriented economic model

Identify problems that the planned economy inherits in the economy of Azerbaijan after the collapse of the Soviet Union

Strong economic development, privatization, low production

Unhealthy structure, uneven regional and sectorial distribution of production capacity, low quality of products

Fragmented economy, competition formation, disruption of regional and sectorial divisions

Disruptive economy, property ownership, competition and a four-fold decline in production

Sustainable economic development, 20% occupation of land, weak business activity, very low production volume

This answer reflects the economic situation in the Republic of Azerbaijan in 1991-1995:

As a result of the occupation, 20% of the country's territory was withdrawn from economic circulation;

Paralysis of the financial and banking system;

All answers are correct

Excessive budget deficit;

Significant economic events in the Azerbaijani economy during the Tsarist Russia

Azerbaijani industry left behind the US and Russia in oil production

In 1898, Azerbaijan surpassed the United States for oil production, producing 95% of Russian oil

The oil industry was developing poorly worldwide

Azerbaijan started to sell its oil to US

In 1901, Baku produced half of the world's oil

The main reason of double digit number inflation in 2017

The double devaluation of manat in February and December 2015.

All answers are correct

The effect of new legislation, such as those requiring employers to pay their employees through bank accounts

The rise of prices of AI – 92 type fuel

The national currency has lost value against other foreign currencies.

What is the main reason for the growth in the non-oil sector in the structure of GDP in the last 2 years?

Rising oil prices on world markets

Development of non-oil sector and government support to non-oil sector

Increased demand for non-oil products

Consumers prefer

External pressures on the non-oil sector

The Global Competiteveness Index economic development into three specific stages:

None of answers is correct

Central planning, free market

Factor-driven economy, efficiency-driven economy, innovation-driven economy

Knowledge based economy, competiteveness based economy

Resource-based economy, innovation-based economy

One of the measures of social protection of the economically active population in Azerbaijan:

Unemployment insurance payment

Social protection measures for job seekers

Protection of the disabled people

Reforms in pension system

Social protection measures for children

What is the name of the able-bodied part of the country's population?

Which of the following are the main subjects of the financial market in Azerbaijan?

What are the main policy tools used by the Central Bank?

Identify the company that is one of the largest taxpayers in the country and plays an important role in the formation of the state budget:

At present, it is a priority in industrial policy in Azerbaijan:

Increase of export potential and integration into the world market

Expansion of business and investment environment

Transition from a resource-oriented economy to an innovation-oriented economy

Increase in exports of non-oil products

Establishment of diversified enterprises in the non-oil sector

The section of the international north-south railway transport corridor in the territory of Azerbaijan is 511 km. Which railway line will connect Baku-Astara project?

Which region has this huge agro-industrial complex, which covers the largest area:

What are the export problems of the Azerbaijani non-oil sector:

How many oil companies were initially participated in the Contract of the Century?

8 oil companies from 11 countries

8 oil companies from 10 countries

9 oil companies from 8 countries

11 oil companies from 8 countries

8 oil companies from 8 countries

When was the first foreign oil company opened in Baku, and which company was it?

At the end of the XIX century in Baku a network of oil pipelines of up to 1 million tons was established and Baku oil was exported to Europe. Which transport was used for this?

Which sectors are dominant in the economy of Ganja-Gazakh economic region

Cotton and silk growing

Fishing and tea growing

Silkworm breeding and carpet weaving

Tobacco growing and tea growing

Primary processing areas of ferrous and non-ferrous metallurgy

When were foreign economic relations formed in Azerbaijan?

During the Tsarist Russia

All answers are correct

After cooperation with international economic organizations

After the restoration of independence

During the period of the USSR

In what form can be international reserves?

When is the foreign trade balance positive?

This period will be started until 2025:

Period of transition of productive economy

Transition period of factor driven economy

Transition period of training to economy

Transition to a knowledge-based economy

Transition to a qualitative economy

What will change the application of the "Golden Rule" to ensure the stability of transfers from SOFAZ to the state budget ?

Increase the ratio of transfers from the State Oil Fund to the state budget

Maintaining the dependence of the state budget on transfers from the Oil Fund

Maintaining current expenditures of the state budget on the basis of the "golden rule" in the amount of transfers from the State Oil Fund, and investment expenditures in the amount of non-oil revenues

Reducing the dependence of the state budget on SOFAZ transfers and reducing it by 15 percent by 2025

Every second manat spent in the public sector (about 50 percent) is financed by transfers from SOFAZ

Identify the third strategic goal in the Strategic Roadmap

To ensure the economy through privatization;

Coordination of fiscal and monetary policy

Development of the refining sector for the oil industry

Human capital development

Further improvement of the business environment

What is meant by the interpretation of the Long Term Outlook on the Strategic Roadmap:

Law transparency

Economic stability

Social stability

It aims to provide huge opportunities for realizing human potential in the period after 2025.

Public safety

These are the threats on the Strategic Road Map:

Socio-political stability

The constant focus of the social areas on the government

Creation of favorable business environment for non-resident entrepreneurs

Depletion of natural resources, low compensation for losses of new growth areas

Availability of development opportunities in priority area

What are the opportunities in the GZIT analysis of the heavy industry and engineering sector?

None of answers is correct

Availability of common infrastructure for business activities; availability of discounts for business activities.

Availability of common infrastructure for business activities;

All answers are correct

Availability of state support for the heavy industry and engineering sector

What are the possible threats to the SWOT-analysis of the Azerbaijani economy in the Strategic Road Map? 1. Increasing geopolitical tensions in the region, 2. Increasing the role of the private sector in employment, 3. Increasing the fiscal burden, 4. Creating a favorable business environment for non-resident entrepreneurs

The strengths of SWOT include: 1. Socio-political stability, 2. Social spheres are always in the center of the state's attention, 3. Macroeconomic policy is pro-cyclical. 4. Satisfactory level of self-sufficiency in terms of energy and food security. 5. Exports are mainly raw material oriented, 6. High level of informal employment

This is threat for business environment:

Insufficient development of products and services offered in the financial sector

The complexity of the rules for the termination of business activities

Lack of skills in international trade

Impact of possible external economic factors (financial crisis, decline in demand in international markets, etc.) and weak competitiveness of local SMEs in international markets

Incompatibility of potential workforce

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Az.Iqtisadiyyati (Mock exam 3)

Azerbaijan's Economic Development Quiz

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