Az. Iqtisadiyyati ( Mock exam 1)
Test Your Knowledge on Azerbaijan's Economic History
Embark on a journey to discover the intricacies of Azerbaijan's economic evolution and its key historical milestones. This quiz covers a range of topics from the impact of the Soviet Union to the challenges faced during economic independence.
- 40 detailed questions
- Multiple choice format
- Enhance your understanding of Azerbaijani economic policies
The most important problems of the planned economy remaining from the Soviet Union are listed below:
The economic structure was not suitable.
All answers are correct
The production power was not same in terms of the regional and sectorial division
45- 50% of the export and import were realized with Russia
The quality of the products was low
What was the main strategy of the Azerbaijani state in the first years of economic independence?
Food industry development strategy
Agricultural sector development strategy
Oil strategy
Processing industry development strategy
Manufacturing industry development strategy
Which country was the main export market in Soviet Union times?
Georgia
Kazakhstan
Armenia
Russia
Belarus
What are the economic policy measures for 2003-2015?
Fighting poverty and implementing sustainable economic development programs
Realization of the second state privatization program
Implementation of socio-economic development programs of the regions
All answers are correct
Fighting poverty and implementing sustainable economic development programs
When was the value added tax adopted in Azerbaijan
In the beginning of 1993
In the beginning of 1992
In the beginning of 1990
In the end of 1990
In the beginning of 1991
What are the characteristic features of the development of Soviet Azerbaijan?
The formation of certain potential in the non-oil industry and in the agrarian sector
All answers are correct
Starting offshore oil production and dominating the oil sector in the economy
Central management
Low-cost socialist (or planned) and colonial economics
What period of independence does the destroyed Baku-Batumi oil pipeline and the Baku-Julfa railway coincide with?
The period of the Tsarist Russia
The period of the Democratic Republic of Azerbaijan
The transition period
The period of independence
The period of the Soviet Azerbaijan
What are the factors that contribute to the sustainable development of Azerbaijan, which has gained economic independence?
Interrelation of labor, capital, investment, efficiency
Efficient use of resources, dependence on the interaction of labor and capital, the formation of national income
Expanded foreign economic relations, attraction of foreign investment
Budget surplus
Only the expansion of foreign economic relations
In what year was the highest level of GDP
2005
2014
2017
2019
2008
The meaning of sustainable development
Unequal distribution of income
IncreaIncreasing entrepreneurial activity
Development that meets the needs of the present without compromising the ability of future generations to meet their own needs.
Public and private sector development
Regional development
Azerbaijan is rated as the most reformist country:
Bloomberg 2019 World Ranking report
Moody’s 2019 report
UN report
IMF report
Doing Business 2019 report
In accordance with the existing Labor Code and labor legislation in Azerbaijan people aged 15 and over, who do not work and do not seek for a job:
Labor resources
Unemployed
Active population
Economically inactive population
Economically active population
Assess the impact of rising oil prices on world commodities on the Azerbaijani economy: 1. Budget revenues and expenditures increased, 2. Inflation rate increased, 3. Macroeconomic stability was ensured, 4. The manat depreciated, 5. The country's export potential weakened
2.40
1.20
3.50
1.30
4.50
Which banks were closed after the devaluation? 1.The amount of total capital is less than the established minimum amount, 2.Foreignowned bank, 3.The aggregate capital adequacy ratio is less than 3%, 4.Failing to fulfill its obligations to creditors, 5.High concentration is observed
3,4,5
2,4,5
1,2,3
1,3,4
2,3,4
The budget expenditure plan of the Republic of Azerbaijan for 2019 sets the upper limit of budget expenditures:
At the same level as the income for the reporting year
Not more than 103% of the approved consolidated budget expenditures for the current year
In the amount of 2 times the budget deficit
Within the threshold approved by the Ministry of Finance
Not more than 130% of the previous year's budget expenditures
Which rule is designed to eliminate the dependence of macroeconomic indicators, in particular on the volatility of the state budget on oil revenues:
Stable rule
The golden rule
Oil rule
Natural rule
Silver rule
How many percent has the corporate tax rate been reduced by applying the "one stop shop" principle?
25.00%
14.00%
18.00%
20.00%
22.00%
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
After the oil and gas sector, which sector is one of the strongest and most competitive in the national economy?
Industrial parks
Tourism sector
Agro-industrial complex
Information and communication technology sector
Transportation
Unlike other areas, this area quickly returns the investment with a large profit:
Agricultural parks
Carpet-weaving
Agrobusiness
Tourism sector
Trasport sector
According to the analysis of credit investment by sector in recent years, in which sectors there has been a decrease
Consumer lending
Construction and property transport and communication industry and manufacturing consumer lending agriculture and processing sector
Transport and communication
Industry and manufacturing
Construction and real estate
Which type of energy make up more than 65% of power plants in Azerbaijan?
Nuclear power plants
Coal-based thermal power plants
Hydroelectric power plant
Wind energy
Thermal power plants
The right to control the use of oil and gas fields in accordance with the terms of the "Contract of the Century" remains in:
Italy
England
USA
Azerbaijan
Russia
Show the ones that belong to Shah Deniz 1 and Shah Deniz 2 at the same time:
The extraction capacity is the same
Operations on both stages began in 2006
Two offshore platforms connected by a bridge were built
BP is operator in both of them
SOCAR is operator in both of them
What is the most important agreement in terms of ensuring socio-political stability in the country in the first years of independence, the country's future economic development and integration into the world economy?
TANAP
Baku-Tbilisi-Ceyhan
Contract of the Century
TAP-1 project
Shahdeniz
This region is rich with mineral waters
Ganja-Kazakh
Lankaran
Absheron
Nagorno Karabakh
Nakhchivan AR
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
The main factor shaping integrative-cooperative processes at the regional level, determining the integration of economic development of the region:
Population in the country the pace of development of entrepreneurship
Productive capital-technology, technology
People who want to work, looking for work
Capital, labour, productivity
Population in the country
Determine how many government programs have been implemented to address socioeconomic development in the regions by 2019:
3-2004-2009, 2010-2014, post-2015 period
3-2004-2008, 2009-2014, 2015-2018
4 - 2004-2008, 2009-2013, 2014-2018, 2019-2023
2-2004-2009, 2010-2014
3- 2004-2008, 2009-2013, 1994-1999
What are the key economic priorities facing the government in 2015 and beyond?
Agrarian sector transition to intensive methods;
Diversification of the economy;
All answers are correct
Clustering of the economy;
Creating an innovative economy;
Who makes Azerbaijani investments in foreign countries?
AZ Investment Company
Government
Private companies
SOCAR
SOFAZ
In this sectors it is planned to create 150,000 additional jobs by 2025:
In other areas
In the field of agro-business
In the field of transport
In the manufacturing and tourism sector
In the field of construction
Is it one of the components that makes the "Golden Rule" necessary?
None of answers is correct
All answers are correct
Reducing the dependence of the state budget on SOFAZ transfers
Increasing the dependence of the state budget on SOFAZ transfers
No changes in the cost and investment mechanism
Identify the second strategic goal in the Strategic Roadmap
Coordination of fiscal and monetary policy;
Human capital development;
Further improvement of the business environment;
To ensure the economy through privatization
Development of the refining sector for the oil industry
Define the first strategic goal in the Strategic Roadmap:
Coordination of fiscal and monetary policy
To ensure the economy through privatization
Development of the refining sector for the oil industry
Further improvement of the business environment
Human capital development;
What are the issues reflected in the Strategic Roadmap to further improve the business environment?
Conclusion of free trade agreements
All answers are correct
Further strengthening the leading role of the government in creating a favorable business environment
Development of a free competitive environment
Promoting an efficient tax system
These are opportunities on the Strategic Roadmap: Creating favorable conditions for the participation of both local and foreign entrepreneurs in the privatization of low-profit enterprises in state ownership:
Weak global position on the development of human capital
Macroeconomic policy is cyclical in nature
Weak export promotion of services
Private investment promotion
Increase in fiscal load
This is not strength according to the Strategic Roadmap:
Integration into the global value chain, diversification of the economy
Socio-political stability
Participation in global energy transport corridor projects
Strategically important geographical position
The constant focus of the social areas on the government
Identify the weaknesses of the SWOT-analysis of the Azerbaijani economy in the Strategic Road Map: 1. socio-political stability, 2. Social spheres are always in the focus of the state, 3. Macroeconomic policy is pro-cyclical, 4. Satisfactory level of energy and food security , 5. Export is mainly raw material oriented, 6. High level of informal employment
2,3,5
1,5,6
2,3,4
3,5,6
1,2,4
This is strength:
Low business skills
Availability of favorable infrastructure in the field of entrepreneurship, legislative base in this area and state support for the development of this sector
Difficulties in accessing financial resources
Lack of highly qualified specialists
Weak relationship between business entities
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