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 is the primary mandate of the FSB?
Answer:
To coordinate international financial regulation and supervision to promote global financial stability.
The FSB's core function is to identify vulnerabilities, develop and promote regulatory policies, and coordinate global regulatory efforts.
22
The FSB was created at the initiative of which group of countries?
Answer:
The G20
The G20 leaders called for the establishment of the FSB to broaden the membership and strengthen the mandate of the previous FSF.
23
Where is the permanent headquarters and secretariat of the Financial Stability Board (FSB) located?
Answer:
Basel, Switzerland
The FSB secretariat is hosted by the Bank for International Settlements (BIS) in Basel, Switzerland, which also hosts other key standard-setters like the BCBS.
24
In what year was the FSB established?
Answer:
2009
The FSB was established in April 2009 as a successor to the Financial Stability Forum (FSF) by the G20 nations, in response to the 2008 global financial crisis.
25
What does the acronym FSB stand for?
Answer:
Financial Stability Board
The FSB is an international body that monitors and makes recommendations about the global financial system.