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
21
What was the initial primary mandate for the BIS when it was founded in 1930?
Answer:
To manage and transfer Germany’s World War I reparations payments (under the Young Plan).
While that original role soon became obsolete, the BIS quickly found a new role as a meeting place and cooperation forum for central bankers.
22
Who owns the Bank for International Settlements (BIS)?
Answer:
Its member central banks.
The BIS is owned and governed by its member central banks (currently over 60) and acts as the 'bank for central banks'.
23
Where is the permanent headquarters of the Bank for International Settlements (BIS) located?
Answer:
Basel, Switzerland
The BIS headquarters is located in Basel, Switzerland. It also has representative offices in Hong Kong SAR and Mexico City.
24
In what year was the Bank for International Settlements (BIS) established?
Answer:
1930
The BIS was established in 1930 under the Hague Agreements, making it the world's oldest international financial organization.
25
What does the acronym BIS stand for?
Answer:
Bank for International Settlements
The BIS is an international financial institution owned by central banks that fosters international monetary and financial cooperation.