Central Bank of Uzbekistan Overview
23 Questions
0 Views

Central Bank of Uzbekistan Overview

Created by
@StraightforwardBigfoot32

Podcast Beta

Play an AI-generated podcast conversation about this lesson

Questions and Answers

Which organization supervises the activities of commercial banks?

  • State Tax Committee of the Republic of Uzbekistan
  • Cabinet of Ministers of the Republic of Uzbekistan
  • Ministry of Economy and Finance of the Republic of Uzbekistan
  • Central Bank of the Republic of Uzbekistan (correct)

    • Which of the following organizations is not regulated by the Central Bank?

  • Credit unions
  • Commercial banks
  • Public schools (correct)
  • Pawnshops

    • Which of the following does not apply to the rights of the Central Bank of the Republic of Uzbekistan?

  • Plan the budget expenditures of the Yunusabad district (correct)
  • Receive reports from banks and credit unions
  • Establish internal audit requirements for banks
  • Send binding orders to banks to eliminate violations

    • Which of the following represents a long-term financial policy?

    <p>Financial strategy</p> Signup and view all the answers

    Which option describes a short-term financial policy?

    <p>Financial tactics</p> Signup and view all the answers

    What type of financial policy is characterized by non-interference of the state in the economy?

    <p>Classic financial policy</p> Signup and view all the answers

    What financial policy is based on J. Keynes's economic theory advocating government intervention?

    <p>Planning and directive financial policy</p> Signup and view all the answers

    What primarily forms the demand and supply in the financial market?

    <p>Financial resources of economic entities</p> Signup and view all the answers

    Which of the following best describes a budget surplus?

    <p>Excess of income over expenses</p> Signup and view all the answers

    What are the main components of the budget system in federal states?

    <p>Federal budget, budgets of federation members, local budgets</p> Signup and view all the answers

    What is one method of financing budget deficits that is considered external?

    <p>Loans from international financial institutions</p> Signup and view all the answers

    Which type of tax is classified as a direct tax?

    <p>Income tax</p> Signup and view all the answers

    What do corporate bonds represent?

    <p>Bonds issued by companies and firms</p> Signup and view all the answers

    In the context of Islamic finance, what term refers to cooperative insurance?

    <p>Takaful</p> Signup and view all the answers

    Which one of the following is a component of household income sources?

    <p>Investment income</p> Signup and view all the answers

    Which of the following is a financial relationship that is not mandatory?

    <p>Buying a bottle of Coca-Cola</p> Signup and view all the answers

    Which source forms the main part of the state budget revenues?

    <p>Taxes</p> Signup and view all the answers

    What are the components of the budget system of the Republic of Uzbekistan?

    <p>The republican budget, the budget of the Republic of Karakalpakstan and local budgets</p> Signup and view all the answers

    Which type of financial policy is based on the duration of the period and the nature of tasks being solved?

    <p>Tactics and strategy</p> Signup and view all the answers

    What is an example of a financial relationship carried out more than six times a year?

    <p>Payment of wages by the enterprise to its employees</p> Signup and view all the answers

    Which type of financial relationship is characterized as optional?

    <p>Purchase by an individual of one portion of pilaf for lunch</p> Signup and view all the answers

    What components are categorized under the financial policy of the state focused on budget stability?

    <p>Ensuring the stable functioning of the budget system</p> Signup and view all the answers

    Which of the following types of taxes is typically paid at least once a year?

    <p>Personal income tax</p> Signup and view all the answers

    Study Notes

    Central Bank of Uzbekistan

    • Determines the minimum authorized capital of commercial banks
    • Regulates commercial banks, pawnshops, and credit unions
    • Rights include receiving reports, requesting information, establishing audit requirements, and issuing binding orders to address violations

    Financial Policy

    • Long-term: Financial strategy
    • Short-term: Financial tactics
    • Classic: Non-interference, free competition, market regulation
    • Regulatory: Government intervention, regulation of economic cycles

    Financial Relationships

    • Mandatory: Payment of personal income tax, utilities, state pensions
    • Optional: Buying Coca-Cola, consumer loans, purchasing pilaf
    • Frequent: Payroll payments, dividends, property tax, land tax

    State Budget

    • Main source of revenue: Taxes
    • Components: Republican budget, Karakalpakstan budget, local budgets
    • Financing budget deficits: Loans from international institutions
    • Budget surplus: Income exceeding expenses

    Financial Market

    • A sphere where demand and supply for financial resources are determined, enabling capital for investments
    • Redistributes funds among economic entities

    Budget System

    • Unitary state: 2 levels (national and local)
    • Federal state: 3 levels (federal, state, local)
    • Uzbekistan: 2 levels

    Taxes

    • Direct: Income tax
    • Indirect: Value-added tax (VAT)

    Corporate Bonds

    • Bonds issued by companies and firms

    Islamic Finance

    • Insurance: Takaful
    • Contract for profit margin: Murobaha

    Shares

    • Ordinary shares give the right to receive dividends

    Studying That Suits You

    Use AI to generate personalized quizzes and flashcards to suit your learning preferences.

    Quiz Team

    Related Documents

    Uzbekistan Past Paper - Fundamentals of Finance PDF

    Description

    This quiz explores the functions and regulations of the Central Bank of Uzbekistan. It covers financial policies, relationships, and the structure of the state budget. Test your knowledge on how the bank regulates commercial institutions and manages economic strategies!

    More Like This

    Use Quizgecko on...
    Browser
    Open
    Browser
    Browser