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
41
How often does the OPEC Conference ordinarily meet?
Answer:
Twice a year
The Conference typically meets twice per year to review market conditions and adjust policy.
42
Which body is OPEC’s highest authority?
Answer:
The Conference
The OPEC Conference consists of member countries’ oil ministers and sets overall policy.
43
Which of the following is a requirement for joining OPEC?
Answer:
Country must be a significant petroleum exporter
OPEC membership is open to substantial net petroleum exporters sharing the organization’s goals.
44
What is the primary goal of OPEC?
Answer:
To stabilize oil markets and coordinate petroleum policies
OPEC aims to ensure stable oil supplies and fair returns for producers.
45
Where is OPEC’s headquarters located?
Answer:
Vienna
OPEC moved its headquarters to Vienna, Austria, in 1965.
46
Which country is NOT one of OPEC’s five founding members?
Answer:
Saudi Arabia
The founding members were Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela; however, Saudi Arabia joined later in 1960 after the conference.
47
Which city hosted the founding conference of OPEC?
Answer:
Baghdad
OPEC was established at the Baghdad Conference, attended by five founding member countries.
48
In which year was OPEC founded?
Answer:
1960
OPEC was founded in September 1960 by five oil-producing countries.
49
What does OPEC stand for?
Answer:
Organization of Petroleum Exporting Countries
OPEC is an intergovernmental organization of oil-exporting nations established to coordinate and unify petroleum policies.