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
1
Which type of financing is commonly used for infrastructure projects under the IsDB?
Answer:
Istisna’a
Istisna’a is a contract used for manufacturing or constructing large infrastructure.
2
Which geographic region contains the most IsDB members?
Answer:
Africa
Africa contains the highest number of OIC and thus IsDB members.
3
Which IsDB program supports low-income countries specifically?
Answer:
ISFD (Islamic Solidarity Fund for Development)
ISFD targets poverty reduction in the poorest member states.
4
Which principle guides IsDB’s financial deals?
Answer:
Asset-backed transactions
Islamic finance requires transactions to be backed by real economic activity.
5
Which sector is commonly supported under the IsDB’s poverty alleviation programs?
Answer:
Agriculture and rural development
The IsDB invests heavily in agricultural sustainability and rural livelihoods.
6
Which global development agenda does the IsDB align its projects with?
Answer:
SDGs (Sustainable Development Goals)
IsDB actively supports implementation of the UN SDGs.
7
Which theme is central to IsDB’s 10-Year Strategy?
Answer:
Sustainable development
Sustainability and inclusive development are key pillars of the IsDB’s long-term strategy.
8
What is a major challenge faced by IsDB member states?
Answer:
High climate vulnerability and poverty rates
Many IsDB members face development constraints linked to climate and poverty.
9
Which IsDB institution provides insurance against political and commercial risks?
Answer:
ICIEC
The Islamic Corporation for Insurance of Investment and Export Credit provides such coverage.
10
Which IsDB entity provides trade finance to member countries?
Answer:
ITFC
The International Islamic Trade Finance Corporation supports trade within and among member states.