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
71
Which global trend involves companies relocating production closer to home markets?
Answer:
Nearshoring
Nearshoring refers to moving production to neighboring or closer countries.
72
Which sector was at the center of the 2008 global financial crisis?
Answer:
Real estate and housing
The crisis started with the collapse of the U.S. housing market and subprime mortgages.
73
Which European country faced a major sovereign debt crisis in 2010?
Answer:
Greece
Greece experienced a severe debt crisis in 2010, requiring multiple bailout packages.
74
Which event significantly contributed to the global economic recession in 2020?
Answer:
US–China trade war
The COVID-19 pandemic caused a severe global recession due to lockdowns and disrupted supply chains.
75
Which global financial crisis began with the collapse of major U.S. mortgage-backed securities in 2007–2008?
Answer:
Global Financial Crisis
The Global Financial Crisis began in 2007–2008 due to collapsing mortgage-backed securities and bank failures.