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
21
What is the primary function of the International Development Association (IDA)?
Answer:
Providing interest-free loans and grants to the world's poorest countries
The IDA is the World Bank's fund for the poorest, offering concessional loans (credits) and grants to low-income countries.
22
Which of the following institutions is NOT part of the World Bank Group?
Answer:
World Trade Organization (WTO)
The WTO is a separate organization. The World Bank Group consists of five institutions: IBRD, IDA, IFC, MIGA, and ICSID.
23
Who is the President of the World Bank Group as of 2025?
Answer:
Ajay Banga
Ajay Banga began his five-year term as President of the World Bank Group on June 2, 2023.
24
Which conference led to the establishment of the World Bank in 1944?
Answer:
Bretton Woods Conference
The World Bank was founded at the Bretton Woods Conference in 1944, along with the International Monetary Fund (IMF).
25
Where is the headquarters of the World Bank Group located?
Answer:
Washington, D.C., USA
The World Bank Group is headquartered in Washington, D.C., United States.
26
Which criticism is often leveled at the World Bank?
Answer:
Critics argue the World Bank's policies reflect Western interests and impose stringent conditions, limiting policy autonomy.
27
What was the World Bank's response to the COVID-19 pandemic in 2020?
Answer:
In 2020, the World Bank approved $12 billion to finance COVID-19 vaccines and health systems in developing countries.
28
Which World Bank body resolves investment disputes?
Answer:
The International Centre for Settlement of Investment Disputes (ICSID) facilitates arbitration for investment disputes.
29
Which World Bank initiative supports climate-resilient agriculture in Africa?
Answer:
The Africa Climate Business Plan, launched in 2016, supports climate-resilient agriculture and renewable energy projects.
30
What is the name of the World Bank's annual flagship publication on development issues?
Answer:
The World Development Report, published annually, focuses on specific development themes, like jobs or digital technologies.