Az.Iqtisadiyyati (Mock exam 4)

A vibrant map of Azerbaijan showcasing economic sectors and natural resources with symbols representing oil, gas, agriculture, and industry.

Azerbaijan's Economic Landscape Quiz

Test your knowledge of Azerbaijan's economic history and key sectors with our engaging quiz! Perfect for students and anyone interested in the economic dynamics of this fascinating region.

40 thought-provoking questions
Multiple choice format to challenge your understanding
Learn about historical and contemporary economic trends in Azerbaijan

40 Questions10 MinutesCreated by AnalyzingEconomy724

These sectors were dominant sectors during Soviet Union

Oil, wine making, steel production, poultry

Gas production, technology, tea production, dairy production

Oil products, machine building, weaving and winemaking

Meat production, weaving, chemicals

Oil, textile, fish production

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

One of them are not the reason of the first period after independence crisis:

Necessary for formation, modeling of development of national economy and ensuring its diversification:

Defining new development limits

Formation and mobilization of resources

High mobility of people

None of answers is correct

Formation of optimal activities

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

The main reason of a GDP contraction in 2016

The main indicators of the recession period:

17% reduction in GDP

All answers are correct

Budget financing through emission channels

None of answers is correct

Sharp depreciation of the national currency

What economic indicators are taken into account in the Global Competitiveness Report?

Rate GDP, infrastructure

Human capital, infrastructure, agriculture

GDP, GNİ

Infrastructure, macroeconomic stability, innovation potential, labor market efficiency, financial market development

GDP, infrastructure, statistics production efficiency,

The Index of Human Development adopted by the United Nations in 1990 is about:

Employment level in the countries of the world

The rate of economic growth in the countries of the world

Real income of the population in the countries of the world

Welfare of the population in the countries of the world

Nominal incomes of the population in the countries of the world

One of them is not the main tasks of monetary policy in Azerbaijan:

To regulate the exchange rate of the national currency against the convertible currencies

To decrease inflation

To achieve price stability

To achieve the country's negative balance of payments;

To achieve a positive balance of payments of the country

Select the correct option for devaluation.

The government has simplified loan requirements

After the devaluation, the state provided financial support to banks

Despite the deterioration of bank assets as a result of the devaluation, there was an increase in lending.

The concentration of resources in the banking sector has deepened.

None of answers is correct

What will be the amount of budget expenditures in the 2020 budget?

What are the main institutions implementing the economic policy of the Republic of Azerbaijan?

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.

Indicate the main sources of formation of the State Budget of the Republic of Azerbaijan:

Payments and grants from the UN

Foreign currency from the sale of gold

Funds raised from the privatization of state property

Oil transfers, customs duties, taxes

Long-term loans from the IMF

This part of the North-South international transport corridor, which falls on the territory of Azerbaijan, connects:

Baku-Tbilisi will be connected to the Baku-Astara line

It will be connected to the Baku-Tbilisi railway

It will be connected to the Baku-Astara and Baku-Tbilisi lines

It will be connected to the Baku-Astara, Iran-Europe railway

Baku-Tbilisi will be connected with the Baku-Kars line

Reforms for Entrepreneurship Development: Show the Wrong Option?

Discounts for local goods in public procurement have been identified

Export and investment promotion mechanisms have been formed

Inspections in the field of entrepreneurship have been suspended until January 1, 2021

Customs procedures have been simplified

The number of licensed activities has increased

Which of the following industries plays an important role in improving the living standards and employment of the population?

What is the name of the economic entity that combines this chain, covering the production, processing, logistics and other services of agricultural products?

According the newly agreement which was signed on September 14, 2017, the Contract of Century was extended until…. And how much was the SOCAR share determined?

It has been extended until 2045 and SOCAR's share has been determined at 28%

It was extended until 2030 and SOCAR's share was determined at 27%

It has been extended until 2050 and SOCAR's share has been set at 25%

It has been extended until 2025 and SOCAR's share has been set at 30.37%

By 2020, SOCAR's share has been set at 31%

Reasons for the Azerbaijani economy to move to a new phase after 2015:

None of answers is correct

Expiration of the "Contract of the Century"

Manat appreciation against foreign currency

Sharp fall in oil prices

All answers are correct

What are related to the Trans-Anatolian Gas Pipeline (TANAP) projects?

The project will be implemented in several stages over 5 years, and the first phase was completed in 2018

The total cost is projected at 4.5 billion euros

Our gas will be transported via Greece, Albania and the Adriatic Sea to the south of Italy and from there to Western Europe

It will ensure the full delivery of Azerbaijani natural gas to Turkey and from Turkey to European countries

Its mission is to transport natural gas from the Shah Deniz field to Georgia and Turkey

Which economic region accounts for more than 75% of tobacco, 17% of grain, 35% of cocoons and 2% of green tea leaves produced in Azerbaijan?

The main objectives of the II State Program of socio-economic development of the regions:

Development of agro-industrial complex

Development of mechanical engineering and fuel and energy complex

Development of heavy engineering industry

Rapid development of the non-oil sector and diversification of the economy

Land reform

What are the main goals of regional development policy in the coming years?

Accelerate the development of entrepreneurship in the production of export-oriented and competitive products

Further improvement of infrastructure and social services related to rural development;

All answers are correct

Diversification of the economy;

Development of non-oil sector in the country;

What is this deposit, which has great importance for the production of aluminum, and this deposit considered the richest in Europe in terms of its resources and in which territory of Azerbaijan does it locate?

Stocks of stone in Guzdak

Gizilbulag gold deposits in Dashkesan region

Hidden gold deposits in the Lesser Caucasus

Ore deposits in Dashkesan region

Alunite ore deposits located in Zaylik, Dashkesan region

Azerbaijan will strategically attract foreign investors by:

None of answers is correct

With first class services for existing and future investors

By creating extremely attractive investment opportunities

All answers are correct

With purposeful access to the leading international companies

The country's foreign economic relations are determined:

With foreign trade, resources, investment relations

None of answers is correct

Migration, international labor division, foreign trade relations

International division of labor, trade and investment relations

With foreign trade, investment and migration relations

Choose the correct target indicators from Strategic Road Map

Increase of FDI two times till 2025

Increase of employment in agriculture sector 10% till 2025

None of answers is correct

Increase the share of non-oil sector’s FDI in non-oil GDP from current 2,6 % till 4% by 2025.

Increase the share of oil sector’s FDI in oil GDP from current 2,6 % till 4% by 2025

What is the final stage of economic growth in the Strategic Roadmap?

Recession period

Period of economic development and progress

Deep economic reforms, transition and recovery

Period of low oil prices

Future outlook period

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 areas

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

Isn't the one of the strengths of SWOT

Social spheres are always in the center of the state's attention

Satisfactory level of public debt, unemployment and inflation

Foreign direct investment, mainly in the oil and gas sector

Participation in global projects on important energy and transport corridors

Strategically important geographical position

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Az.Iqtisadiyyati (Mock exam 4)

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