Az.Iqtisadiyyati (Mock exam 3)
Azerbaijan Economic Insights Quiz
Test your knowledge about the economic history and policies of Azerbaijan with our comprehensive quiz! Covering various aspects of economic reforms, laws, and key developments, this quiz is designed for those interested in learning more about Azerbaijan's economic landscape.
Join us in exploring topics such as:
- The independence period and its challenges
- Major economic reforms and policies
- Industrial and agricultural developments
- Impact of international agreements on the economy
Manat became the only acceptable currency in Azerbaijan
1992
1994
1993
1991
1995
This policy was the cause of Soviet Union collapse:
Freedom policy
Independence policy
Glasnost policy
Capitalism policy
New system policy
One of them is not main goal of third period after independence
The reconstruction of the energy sector via the programs in accordance with the second state privatization
The strengthening of the social directions of the economic policies
The diversification of the economy
Struggle with hyperinflation
Enhancing the social welfare
What are the principles that underpin our economic independence?
Voluntary accession and withdrawal from economic unions with other countries
All the answers are correct
Demand and supply market relations
State regulation of the economy
Freedom of entrepreneurial activity
Define the period of stabilization and market reforms in Azerbaijan
1991-1995
1995-2003
1995-1997
1991-1997
1995-2005
Determine the key stages of the independence period
Economic crisis, economic stabilization, transition period
Economic crisis and recession, economic stabilization and market reforms
A period of progress, dynamic economic development, a period of market reforms
Post-oil era, economic crisis, sustainable dynamic development
Dynamic economic development, post-oil era
What are the main reforms carried out in 1991-1995?
Law on Entrepreneurship
All answers are correct
Law on Protection of Foreign Investments
Adoption of the Law on Property
Laws “On the National Bank” and “On Banks and Banking”
What are the reasons for the decline in national income in Azerbaijan in the first years of independence?
Lack of foreign investement
All answers are correct
Problems with tax collection
Lost of common trade partners
Restrictions on foreign trade
In 2006, this contributed to the 34.5% growth in GDP:
New oil contract
Sharp increase in oil production
Trade balance surplus
Increase in manufacturing production
Foreign investment
Which pipeline during the period of economic development and progress had a significant impact on GDP growth?
Baku-Batumi
Baku-Novorossiysk
Baku-Tbilisi-Ceyhan
Baku-Tbilisi-Erzurum
Baku-Supsa
One of the following is the main directions of measures taken to ensure the competitiveness of the economy in Azerbaijan:
Strengthening the import of agro-industrial products
Increasing the share of the extractive industry in the country's economy
Strengthening the economy in the face of global economic threats
Extensive management of the agricultural sector
Stimulating the establishment of innovative industrial enterprises in the country.
People who work for permanent wages also sign labor contracts under the current legislation:
None of answers is correct
Unemployed
Hired workers
Home care providers
Workers in individual gardens
Choose the one that is wrong with the economic consequences of keeping the dollar at 1.70 manats
It has created conditions for financial stability in the country
In this way, the stability of the exchange rate was achieved.
There has been evidence and example of the application of a regulated floating exchange rate in this country.
In this way, the country's local exporters have managed to increase their competitiveness in foreign markets.
The exchange rate of the manat has been stabilized and its internal convertibility against foreign currencies has been ensured.
Impact of devaluation on the country's economy: 1. Banks'function of financing the population has weakened, 2. Banks' dependence on deposits has increased, 3. Lending to entrepreneurs and the population has significantly decreased, 4. Problem loans have decreased significantly, 5. Since 2014, dollarization has significantly weakened.
3,4,5
2,3,4
2,3,5
1,2,3
1,3,5
What will be the amount of budget revenues in the 2020 budget?
20.4 billion manat
24.1 billion manat
27.1 billion manat
21.5 billion manat
19.8 billion manat
What are the sources of financing the state budget deficit:
External and internal debt
All answers are correct
Foreign grants
The single treasury account of the state budget of the last year
Privatization
When did the registration of business entities in the Republic of Azerbaijan on the principle of "one stop shop" begin?
2010
2003
2006
2008
2011
What tax exemptions are provided for entities operating in industrial parks?
Corporate tax
Simplified tax
VAT
Excise
Road tax
It is expected that the Iran-Astara railway will significantly increase cargo flows, especially from which countries:
Russia, China, Pakistan
Russia, India, Iran
Russia, Korea, China
Iran, Korea, India
Russia, Iran, Kazakhistan
What is the reason for the decrease in the share of the mining sector in the structure of industrial production and the increase in the share of the processing industry in recent years? 1 Establishment of industrial parks and neighborhoods, 2 Development of non-oil processing areas, 3 Establishment of agro-parks, 4 Development of service sector, 5 State special attention to development of non-oil sector
1,4,5
2,4,5
3,4,5
1,2,5
2,3,4
This complex includes crop production, animal husbandry, peasant farming, individual entrepreneurship, private farms, agricultural machinery, machinery and other areas of supply:
Industrial clusters
Tourism centers
Industrial park
Agro-industrial complex
Service centers
The Contract of Century firstly was signed for:
20 years
35 years
25 years
30 years
15 years
What about the Baku-Subsa oil export pipeline?
It transports Azerbaijani oil to world markets via Russia
The distribution of shares is as follows: BP-28.8%, SOCAR-10%
Construction of the oil export pipeline began in 1994
It transports produced oil in the Azerbaijani sector of the Caspian Sea to world markets via Georgia.
It transports Azerbaijani oil to world markets via Turkey
Which way of developing the oil and gas industry in the country was chosen by government?
Complete privatization in 8-10 years then develop enterprises
Preference for domestic investment or securing foreign investment
Developing a monetary system or attracting foreign capital to a country
Cooperate with foreign oil companies
Complete privatization and then develop all areas
Which economic region accounts for 13-14% of agricultural production in the country, including 80-85% of potatoes, 28% of grapes and 15% of livestock products?
Kalbajar - Lachin economic region
Nakhchivan economic region
Absheron economic region
Ganja-Gazakh economic region
Guba-Khachmaz economic region
What is the basis of the industry of the Mountainous Shirvan economic region?
Manufacturing sector
Food and light industry processing agricultural products chemistry and mechanical engineering
Oil and gas industry
Food and light industry,agricultural products
Construction sector
The existence of conditions and opportunities for all or most economic agents operating in this or that area to carry out this activity and achieve its goals:
Implementation of the state program of the region
Regional development plan
Entrepreneurial climate of the region investment attractiveness of the region implementation of the state program of the region efficient allocation of resources in the region
Business environment
Investment attractiveness of the region
There are three powerful iron ore fields in:
Gadabay
Kalbajar
Lachın
Masallı
Dashkasan
Real incomes per capita will increase by about 5% a year, and what status will Azerbaijan gain by the World Bank classification:
Low-income country
Real income country
Low-income country
Middle-income country
High-income country
These countries have the largest share of import:
Portugal, Indonesia, Germany
Russia, Israel, Canada
Germany, Russia, Canada
Turkey, Italy, Israel
Georgia, Czech Republic, Canada
The Strategic Road Map envisages a general education system
Effective employment of citizens
Transition from "memory" school to "thinking" school
Adaptation of labor resources to the labor market
Development of preschool education
Maximum use of human capital
According to Strategic Road Map two options are sought on the growth paradigm:
İnnovation-based economy, efficiency based economy
Resource-based economy, innovation-based economy
Knodledge based economy facrod based economy
None of answers is correct
Labor-intensive growth model,productivity and efficiency based growth
Identify the fourth strategic goal in the Strategic Roadmap
To improve business environment
Development of the refining sector for the oil industry;
To ensure the economy through privatization
Human capital development;
Coordination of fiscal and monetary policy;
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
How many roadmaps were prepared for the national economy and sectors of the economy?
12
9
14
13
10
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
This is weakness according to the Strategic Roadmap:
Increase in fiscal burden
Strategically important geographical position
Macroeconomic policy is cyclical
Public political stability
Increasing geopolitical tension in the region
Highlight the weaknesses of the heavy industry and engineering sector in the GZIT analysis.
Lack of funding,
Low labor productivity
All answers are correct
Low level of marketing, sales, distribution services
Non-compliance of product quality with international standards
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
1.20
2.30
2.40
1.40
1.30
What is meaning of SWOT analysis on the Strategic Roadmap?:
All answers are correct
Weaknesses
Opportunities
Threats
Strength
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