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The Baku Stock Exchange (BSE) is structured as a publicly traded company with shares available on the open market.
Answer: False
Explanation: The Baku Stock Exchange is structured as a closed joint stock company with 20 shareholders, meaning its shares are not publicly traded.
Ruslan Khalilov holds the position of Chairman of the Supervisory Board at the Baku Stock Exchange.
Answer: False
Explanation: Farid Akhundov is the head of the supervisory board, while Ruslan Khalilov is the Chief Executive Officer (CEO).
The Central Bank of Azerbaijan serves as the state regulatory authority for the Baku Stock Exchange and the broader Azerbaijani securities market.
Answer: True
Explanation: The Central Bank of Azerbaijan is indeed the state regulatory authority for the Baku Stock Exchange and the overall securities market in Azerbaijan.
Farid Akhundov is the Chief Executive Officer (CEO) of the Baku Stock Exchange.
Answer: False
Explanation: Farid Akhundov is the head of the supervisory board, while Ruslan Khalilov is the Chief Executive Officer (CEO).
The activities of the Baku Stock Exchange are regulated solely by the Civil Code of Azerbaijan.
Answer: False
Explanation: The operations of the Baku Stock Exchange are governed by the Civil Code of Azerbaijan, regulations from the Central Bank of Azerbaijan, and the internal rules established by the BSE.
The Baku Stock Exchange has 20 shareholders and is a closed joint stock company.
Answer: True
Explanation: The Baku Stock Exchange is organized as a closed joint stock company and currently has 20 shareholders.
The Azerbaijani name for the Baku Stock Exchange is 'Bakı Birjası Fond'.
Answer: False
Explanation: The Azerbaijani name for the Baku Stock Exchange is 'Bakı Fond Birjası'.
The Baku Stock Exchange's website address is www.bfb.az.
Answer: True
Explanation: The official website for the Baku Stock Exchange is www.bfb.az.
What is the full Azerbaijani name for the Baku Stock Exchange?
Answer: Bakı Fond Birjası
How many shareholders does the Baku Stock Exchange, structured as a closed joint stock company, currently have?
Answer: 20 shareholders
Who is the current Chief Executive Officer (CEO) of the Baku Stock Exchange?
Answer: Ruslan Khalilov
Which entity serves as the state regulatory authority for the Baku Stock Exchange?
Answer: Central Bank of Azerbaijan
Who is the head of the supervisory board for the Baku Stock Exchange?
Answer: Farid Akhundov
Which of the following legislative acts and documents govern the operations of the Baku Stock Exchange?
Answer: The Civil Code of Azerbaijan, the Central Bank of Azerbaijan, and internal BSE rules
What is the geographical location of the Baku Stock Exchange?
Answer: Baku, the capital city of Azerbaijan
The official establishment date of the Baku Stock Exchange was August 27, 1997.
Answer: True
Explanation: The Baku Stock Exchange was officially founded on August 27, 1997.
The historical development of the capital market in Azerbaijan began with the establishment of the Baku Exchange in 1909.
Answer: False
Explanation: The capital market in Azerbaijan began its historical development with the establishment of the Baku Exchange in 1886, not 1909.
The original Baku Exchange ceased its operations in 1930.
Answer: True
Explanation: The original Baku Exchange concluded its operations in 1930.
Official trading activities at the modern Baku Stock Exchange commenced in 1997, the year of its establishment.
Answer: False
Explanation: While the Baku Stock Exchange was established in 1997, official trading activities at the modern exchange commenced in 2000.
The issuance of bonds for the Shollar Water Line in 1909 and the first share issuance in 1913 were significant early financial milestones in Azerbaijan's capital market.
Answer: True
Explanation: Significant early financial milestones in Azerbaijan's capital market included the issuance of bonds for the Shollar Water Line in 1909 and the first share issuance in 1913.
In what year did the original Baku Exchange, which marked the beginning of Azerbaijan's capital market history, cease its operations?
Answer: 1930
When did official trading activities commence at the modern Baku Stock Exchange?
Answer: 2000
What was a significant early financial milestone in Azerbaijan's capital market, occurring in 1909?
Answer: Issuance of bonds for the Shollar Water Line
The Baku Stock Exchange primarily trades long-term government bonds and foreign currency derivatives.
Answer: False
Explanation: The Baku Stock Exchange primarily trades short-term treasury bonds, common stocks, and corporate securities, not long-term government bonds or foreign currency derivatives.
The opening and closing bells at the Baku Stock Exchange are primarily for operational necessity, given the electronic nature of trading.
Answer: False
Explanation: Given the electronic nature of trading, bell-ringing ceremonies at the BSE are primarily conducted to maintain tradition, not for operational necessity.
The normal trading hours for the Baku Stock Exchange are from 09:00 to 17:00 local time, UTC +3 hours.
Answer: False
Explanation: The standard trading hours for the Baku Stock Exchange are from 09:30 to 17:00 local time, which corresponds to UTC +4 hours.
The Baku Stock Exchange operates seven days a week, including Saturdays and Sundays.
Answer: False
Explanation: The Baku Stock Exchange operates Monday through Friday and is closed on Saturdays, Sundays, and official public holidays.
The Baku Stock Exchange trades common stocks primarily from former state-owned enterprises in sectors like food and beverage, construction, and banking.
Answer: True
Explanation: Many common stocks traded on the Baku Stock Exchange originate from former state-owned enterprises in sectors such as food and beverage, construction, and banking that have undergone privatization.
The Baku Stock Exchange handles only primary market trading of government securities.
Answer: False
Explanation: The Baku Stock Exchange handles both primary and secondary market trading of government securities, in addition to corporate securities.
Which of the following is NOT a primary type of security traded on the Baku Stock Exchange?
Answer: Long-term corporate debentures
What is the primary reason for conducting bell-ringing ceremonies at the BSE, given that trading is electronic?
Answer: To maintain tradition
What are the normal operating hours for trading at the Baku Stock Exchange?
Answer: 09:30 to 17:00 local time (UTC +4)
On which days of the week does the Baku Stock Exchange conduct its operations?
Answer: Monday to Friday
Which types of government securities are specifically mentioned as being traded on the Baku Stock Exchange?
Answer: T-bills from the Ministry of Finance and banknotes from the Central Bank of Azerbaijan
The common stocks traded on the Baku Stock Exchange primarily originate from which types of entities?
Answer: Former state-owned enterprises that have undergone privatization
What is the primary purpose of the opening and closing bells at the Baku Stock Exchange?
Answer: To symbolize the commencement and conclusion of each trading day for securities.
By 2004, the Baku Stock Exchange had expanded its trading activities to include corporate bonds, equities, and Central Bank notes.
Answer: True
Explanation: By 2004, the Baku Stock Exchange had indeed broadened its trading activities to include corporate bonds, equities, and Central Bank notes.
Interbank REPO operations were introduced at the Baku Stock Exchange in 2009.
Answer: False
Explanation: Interbank REPO operations were introduced at the Baku Stock Exchange in 2006, not 2009.
A market maker institute was established at the Baku Stock Exchange in 2013 to facilitate trading.
Answer: True
Explanation: In 2013, a market maker institute was established at the Baku Stock Exchange to facilitate trading by continuously quoting buy and sell prices for securities.
The launch of SOCAR bonds and the introduction of the CETA platform were major milestones for the Baku Stock Exchange in 2018.
Answer: False
Explanation: The launch of SOCAR bonds and the introduction of the CETA platform were major milestones for the Baku Stock Exchange in 2016, not 2018.
In 2023, tax exemptions were introduced for publicly traded securities in Azerbaijan.
Answer: True
Explanation: In 2023, tax exemptions were indeed introduced for publicly traded securities in Azerbaijan, aiming to stimulate market activity.
The Baku Stock Exchange joined the World Federation of Exchanges and the UN’s Sustainable Stock Exchanges Initiative to enhance its global presence.
Answer: True
Explanation: The Baku Stock Exchange joined the World Federation of Exchanges and the UN’s Sustainable Stock Exchanges Initiative to strengthen its international presence.
Azerbaijan's first Initial Public Offering (IPO) and the launch of remote share trading on the secondary market occurred in 2023.
Answer: False
Explanation: Azerbaijan's first Initial Public Offering (IPO) and the launch of remote share trading on the secondary market occurred in 2024, not 2023.
Bell-ringing ceremonies at the Baku Stock Exchange are used to highlight important market events and draw public attention to social affairs.
Answer: True
Explanation: Beyond tradition, bell-ringing ceremonies at the Baku Stock Exchange are utilized to highlight important market events and draw public attention to various social affairs.
The Baku Stock Exchange initiated trading in mortgage bonds in 2006.
Answer: False
Explanation: Trading in mortgage bonds was initiated at the Baku Stock Exchange in 2009, not 2006.
The first non-financial sector securities issue at the Baku Stock Exchange occurred in 2018.
Answer: True
Explanation: The Baku Stock Exchange recorded its first issuance of non-financial sector securities in 2018.
The CETA platform was introduced at the Baku Stock Exchange in 2013.
Answer: False
Explanation: The CETA platform was introduced at the Baku Stock Exchange in 2016, not 2013.
By what year had the Baku Stock Exchange expanded its trading offerings to include corporate bonds, equities, and Central Bank notes?
Answer: 2004
What significant operational development was introduced at the Baku Stock Exchange in 2006?
Answer: Introduction of interbank REPO operations
In which year did the Baku Stock Exchange initiate trading in mortgage bonds?
Answer: 2009
What new institutional framework was established at the Baku Stock Exchange in 2013?
Answer: A market maker institute
Which of the following was a major milestone achieved by the Baku Stock Exchange in 2016?
Answer: Launch of SOCAR bonds and the CETA platform
When did the Baku Stock Exchange record its first issuance of securities from the non-financial sector?
Answer: 2018
What significant policy change was implemented in 2023 to benefit publicly traded securities in Azerbaijan?
Answer: Tax exemptions for publicly traded securities
Which international organizations did the Baku Stock Exchange join to enhance its global presence?
Answer: World Federation of Exchanges and UN’s Sustainable Stock Exchanges Initiative
What were two significant achievements introduced by the Baku Stock Exchange in 2024?
Answer: Azerbaijan’s first IPO and launch of remote share trading on the secondary market
Besides tradition, for what other purposes are bell-ringing ceremonies utilized at the Baku Stock Exchange?
Answer: To highlight important events related to the stock market and to draw public attention to various social affairs.
What does an Initial Public Offering (IPO) signify, as achieved by Azerbaijan for the first time in 2024?
Answer: The first time a company sells shares to the public.