Az.Iqtisadiyyati (Mock exam 5)

Create an illustration depicting the economic landscape of Azerbaijan, including oil fields, maps, and symbols of industry and finance.

Azerbaijan Economic Insights Quiz

Test your knowledge about the economic landscape of Azerbaijan with our comprehensive quiz! Covering a range of topics from historical economic milestones to current policies, this quiz is designed for anyone keen on understanding the intricacies of Azerbaijan's economy.

40 multiple choice questions
Assess your understanding of economic concepts
Gain insights into foreign investments and industrial developments

40 Questions10 MinutesCreated by AnalyzingWave507

What are the peculiarities of the economic situation of the country in 2003-2015?

Azerbaijan was included in the group of “high middle income” countries according to the World Bank classification

The average annual growth rate of the non-oil sector was 11%

Azerbaijan owned more than 70% of the value added in the South Caucasus

All answers are correct

Azerbaijan was included in the group of countries with “high human development” in the Human Development Index

What determines the right basis for the formation of a healthy competitive environment in the country's economy?

In accordance with the Law on the Joint-stock companies (12.07.1994)

In accordance with the Law on the Anti-monopoly activity (04.03.1993)

In accordance with the Law on the Enterprises (01.07.1994)

In accordance with all accepted Laws

In accordance with the Law on the Privatization of state property (07.01.1992)

How many blocks can economic transformation be divided into:

Banking-credit system of economic transformation, privatization, privatization, active inflation policy

Liberalization, stabilization, privatization, restructuring of the economy, formation of economic institutions

Effective management, economic transformation, structural changes, price liberalization

Stabilization, liberalization, adoption of legal acts, good governance

Privatization, effective management, structural renewal, price liberalization

Define the pre-independence period of the Azerbaijani economy:

The beginning of 20th century, Azerbaijan Democratic Republic, Soviet Azerbaijan

The end of the 19th- the beginning of the 20th centuries, the period of the Azerbaijan Democratic Republic and the period of the Soviet Azerbaijan

The transition period, the period between Soviet Azerbaijan and the beginning of 20th century

The end of the 19th century, the middle of the 20th century, the beginning of the 21st century

The end of the 19th century, Azerbaijan Democratic Republic, the transition period

Choose the main problem for Azerbaijan, sourced from foreign investments:

Dependence from the international financial institutions

The growth of country’s foreign depth

High interest rates

Direction of external capital only manufacturing sector

Increase of debt ratio

The most part of external capital, coming in Azerbaijan accounts for:

Grants, SOFAZs assets, loans from USA

Loans from international financial organizations, direct investments, oil rates, and other credit investments

Direct investments, grants, loans from EU

Oil rates, direct investnents, grants

Revenues from Azerbaijani investment

The one of them was not reason of hyperinflation in 1994

The abolishment of price regulation

The increase in import level

The emission of money in order to meet the budget deficits

The closing of the northern railway line

Government spending in line with the war

If a Turkish citizen works for SOCAR, his income includes:

Turkey's GDP, Azerbaijan's GNİ

To the GDP of Azerbaijan, to the GNİ of Turkey

To the GNİ of both Azerbaijan and Turkey

Only to Turkey's GDP

To the GDP of both Azerbaijan and Turkey

According to legislation low-income family means:

None of answers is correct

A family whose average monthly income is below the minimum salary.

A family whose average monthly income is below the minimum pension

A family whose average monthly income is below the total requirement for each member of the family.

A family whose average monthly income is above the total requirement for each member of the family.

One of the measures to improve the social protection system:

What policy of the state of Azerbaijan determines the main goals and objectives of educating young people in the national spirit, maintaining a healthy lifestyle, creating strong foundations and taking their place in the development of society?

What are the main goals of the current monetary policy of the Central Bank?

One of the sources of income of the State Oil Fund for 2020 was incorrectly indicated. Find the wrong option.

Revenues from the transmission of oil and gas through the territory of the Republic of Azerbaijan

Proceeds from the sale of the State Oil Fund's assets to foreign investors

Bonuses paid by investors in connection with the signing or implementation of oil and gas agreements

Acreage paid by investors for the use of the contract area in connection with the development of hydrocarbon resources.

Revenues from placement and management of foreign exchange assets of the State Oil Fund.

A port and logistics infrastructure of international importance and capable of carrying cargo and cargo have been created on the shores of the Caspian Sea. In which settlement of the Caspian Sea locates this international port?

Which region in Azerbaijan is the second largest in the world after China in terms of reserves of such minerals?

Gazakh iron ore deposit with reserves of more than 250 million tons

Gadabay iron ore deposit with reserves of more than 250 million tons

Kalbajar iron ore deposit with reserves of more than 250 million tons

Lachin iron ore deposit with reserves of more than 250 million tons

Dashkesan iron ore deposit with reserves of more than 250 million tons

What should be the basis for stimulating investment by local and foreign private sector representatives?

The President approved the State Program for the development of industry in the Republic for following years:

It has the largest share in the non-oil sector in Azerbaijan:

Which one is the biggest gas project?

The oil production growth period in Azerbaijan has started:

Due to mechanical tools in Baku

Due to mechanical equipments in Surahani

Due to mechanical resources on the Absheron Peninsula

Due to mechanical equipments in Balakhani

By mechanical equipments in Binagadi

Which regions have the largest oil and gas fields in Azerbaijan?

For this project it is important to fully develop the Shah Deniz field, expand the South Caucasus pipeline and develop the TANAP and TAP pipelines:

The main goal of the III State Program of socio-economic development of the regions:

Carrying out reforms in the agricultural sector

Development of territorial division of labor

Strengthening entrepreneurship in the regions

Continuation of balanced development of the country's regions, improvement of social infrastructure

Development of light and food industries

Which sources of funding are not included in the "State Program of socio-economic development of the regions of the Republic of Azerbaijan in 2019-2023"? 1) state budget, 2) extra-budgetary funds, 3) State Oil Company of Azerbaijan, 4) Entrepreneurship Development Fund, 5) other sources not prohibited by law, 6) only local investment

What is the trade balance?

Exports exceed imports

Imports exceed exports

The total amount of goods exported by the country

The total amount of goods imported by the country

Balance of trade (BOT) is the difference between the value of a country's imports and exports

What is foreign trade policy?

None of answers is correct

It is a system of measures of an organizational nature

It is a system of measures of a political nature

It is a system of measures of a political, organizational and economic nature to regulate foreign economic relations

A system of measures of an economic nature

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

How much investment in economy is predicted will be required to achieve the priorities set by 2020:

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

What will the implementation of the "Golden Rule" with an effective and efficient spending policy help to ensure in the public sector in Azerbaijan?

To apply medium-term public sector expenditures

Apply both medium and long-term public sector spending

To apply long-term expenditures of the public sector

Sustainability and productivity of the public sector

Restricts public sector fiscal policy

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Az.Iqtisadiyyati (Mock exam 5)

Azerbaijan Economic Insights Quiz

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