It is expected that after passing this exam, student will be able to: 1.Explain the principles of word formation by composition, derivation and combined word formation; 2.Describe the formation of nouns by derivation and indicate the suffixes used in the process; 3.Describe the formation of adjectives by derivation and composition; 4.Talk about the composition and derivation of verbs and unchangeable parts of speech; 5.Define Lexicology and talk about polysemy, homonyms, synonyms, antonyms.