General Knowledge MCQs
Topic Notes: General Knowledge
MCQs and preparation resources for competitive exams, covering important concepts, past papers, and detailed explanations.
Plato
- Biography: Ancient Greek philosopher (427–347 BCE), student of Socrates and teacher of Aristotle, founder of the Academy in Athens.
- Important Ideas:
- Theory of Forms
- Philosopher-King
- Ideal State
19081
The **OECD Economic Surveys** are published periodically for each member country with the goal of:
Answer:
Analyzing the country's economic performance and recommending structural policy reforms.
These peer-review surveys are a core function of the OECD's policy coordination role.
19082
The highest decision-making body of the OECD, composed of all Member Countries, is the:
Answer:
The Council
The Council is composed of the representatives of the Member Countries and the European Commission. Decisions are generally taken by consensus.
19083
The **BEPS Project** (Base Erosion and Profit Shifting) led by the OECD aims to address challenges arising from what practice?
Answer:
Tax planning strategies used by multinational enterprises (MNEs) that exploit gaps and mismatches in tax rules.
BEPS seeks to ensure that profits are taxed where economic activities take place and value is created.
19084
The OECD is a pioneer in developing international standards to combat:
Answer:
Tax evasion, money laundering, and corruption (e.g., bribery of foreign public officials).
The OECD has led efforts on international tax transparency, the BEPS project, and the Anti-Bribery Convention.
19085
What is the key instrument published by the OECD that ranks countries based on student performance in reading, mathematics, and science?
Answer:
The Programme for International Student Assessment (PISA)
PISA is a widely respected triennial survey that assesses 15-year-old students' ability to use their knowledge and skills to meet real-life challenges.
19086
The **OECD's Development Assistance Committee (DAC)** is the main forum for coordinating policies on what specific area?
Answer:
Official Development Assistance (ODA) and aid effectiveness.
The DAC reviews, monitors, and sets standards for development cooperation provided by its members.
19087
The OECD provides a forum for its members to:
Answer:
Share policy experiences, seek solutions to common problems, and coordinate domestic and international policies.
The OECD is a policy advisory and discussion forum, not primarily a financial institution like the World Bank.
19088
The OECD is considered an organization for which type of economy?
Answer:
Primarily high-income and market-economy countries.
The OECD is often referred to as a 'think tank' or 'club' of mostly developed countries committed to democracy and market economies, although its membership is expanding.
19089
Where is the permanent global headquarters of the OECD located?
Answer:
Paris, France
The OECD headquarters is located at the Château de la Muette in Paris, France.
19090
In what year was the OECD officially established?
Answer:
1961
The OECD was formally established in 1961, succeeding the Organisation for European Economic Co-operation (OEEC), which managed the Marshall Plan.