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
61
Which body provides long-term loans for reconstruction after conflicts?
Answer:
World Bank
The World Bank was originally focused on post-war reconstruction.
62
Which institution sets global standards for banking supervision?
Answer:
World Bank
The BIS hosts the Basel Committee, which sets global banking standards.
63
Which BRICS-created bank provides loans to emerging economies?
Answer:
NDB
The New Development Bank (formerly BRICS Bank) finances infrastructure and sustainability projects.
64
Which group consists of the world’s richest industrialized nations?
Answer:
G-7
The G-7 includes major advanced economies such as the U.S., Japan, and Germany.
65
Which institution issues the Global Financial Stability Report?
Answer:
IMF
The IMF publishes the Global Financial Stability Report twice a year.
66
Which bank finances development projects in the Asia-Pacific region?
Answer:
EBRD
The Asian Development Bank focuses on development in the Asia-Pacific areas.
67
Which financial body serves as a central bank for central banks?
Answer:
BIS
The Bank for International Settlements coordinates central bank cooperation.
68
Which institution monitors global exchange rates and balance of payments?
Answer:
IMF
Monitoring exchange rates and payments is a core IMF responsibility.
69
Which regional development bank focuses on Europe and Central Asia?
Answer:
EBRD
The European Bank for Reconstruction and Development supports development in Europe and beyond.
70
Which institution issues the ‘World Development Report’ annually?
Answer:
World Bank
The World Bank publishes the World Development Report each year.