The Economy of Russia: Checkpoint 1

Quick checkpoint - five questions on the economy of russia.

Question 1 of 5 Which body set output targets in the Soviet economy?

Gosplan OPEC WTO SEBI

It ran central planning.

Question 2 of 5 What happened in Russia in 1998?

A currency union Independence A debt default and rouble devaluation A gas discovery

Recovery followed as oil prices rose.

Question 3 of 5 Which Russian firm dominates gas?

Gazprom Lukoil Sberbank Aeroflot

Rosneft is a major oil firm.

Question 4 of 5 Russia became the top exporter of which crop?

Coffee Wheat Rice Cotton

Import substitution helped farming.

Question 5 of 5 What did the oil price cap try to limit?

Chinese steel The price at which Russian oil could be sold using Western services Russian wheat Indian tea

Adopted after the 2022 invasion.

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