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 indicator signals a country entering a recession?
Answer:
Two consecutive quarters of negative GDP growth
Economists commonly define recession as two quarters of economic contraction.
62
Which major global trend reflects rising importance of climate-related economic policies?
Answer:
Green economy transition
The shift toward clean energy and sustainable development drives this trend.
63
Which country triggered global banking concerns with the collapse of Lehman Brothers?
Answer:
United States
The failure of Lehman Brothers in the U.S. triggered a global financial panic.
64
Which economic trend refers to reduced reliance on global supply chains?
Answer:
Inflation targeting
Decoupling describes countries reducing dependence on foreign suppliers.
65
Which crisis in 1997 affected Thailand, Indonesia, South Korea, and other Asian countries?
Answer:
Latin American crisis
The 1997 Asian crisis caused severe currency devaluations and economic instability.
66
Which economic trend shows people leaving cities for smaller towns due to remote work?
Answer:
Migration reversal
Remote work led to deurbanization as people moved away from major urban centers.
67
Which factor is a major cause of global inflation rises in 2021–2023?
Answer:
Supply chain disruptions
Supply chain issues, rising energy costs, and increased demand pushed inflation upward.
68
Which commodity experienced historic negative prices in 2020 due to oversupply?
Answer:
Oil
Oil futures briefly went negative in April 2020 due to storage shortages and reduced demand.
69
Which trend is associated with rapid technological transformation across industries?
Answer:
Industrial Revolution 4.0
Industry 4.0 involves automation, AI, robotics, and digital transformation.
70
Which organization publishes the World Economic Outlook?
Answer:
IMF
The IMF releases the World Economic Outlook twice a year.