GK MCQs

The Financial Action Task Force (FATF) was established in 1989 at the G7 Summit in Paris. It was formed to develop and promote policies to combat money laundering and, later, terrorist financing. FATF currently comprises 38 member jurisdictions and two regional organizations, representing most major financial centers globally.

Learning is defined as a relatively permanent change in behavior that occurs as a result of experience. This is the definition in organizational behavior and psychology. The other options describe commitment, organizational behavior, and workforce management. Learning involves acquiring knowledge or skills through experience.

Social learning theory, developed by Albert Bandura, is an extension of cognitive learning. It emphasizes learning through observation, imitation, and modeling. While operant learning and classical conditioning are forms of behaviorism, social learning incorporates cognitive processes like attention, memory, and motivation.

Unity of command is a principle of management stating that each employee should report to only one superior. This prevents conflicting instructions and ensures clear accountability. It was developed by Henri Fayol as one of his 14 principles of management. This principle enhances organizational efficiency and communication.

Public corporations have all the listed features: they are legally created entities for specific purposes, result from government entry into business, combine government control with business management, and are known as 'corporations by courtesy.' Public corporations blend public accountability with commercial efficiency.

The Nagorno-Karabakh conflict is a long-running territorial dispute primarily between Armenia and Azerbaijan over the mountainous region of Nagorno-Karabakh, which is internationally recognized as part of Azerbaijan but has had a majority ethnic Armenian population, leading to repeated armed conflicts since the late 1980s.

Godwin Austen (K-2) is in the Karakoram Range. It is the second highest mountain in the world at 8,611 meters (28,251 feet). K-2 is located on the Pakistan-China border. The name 'Godwin Austen' was given by British surveyors, but it is commonly known as K-2. It is the most technically challenging of the eight-thousanders.

Maleeha Lodhi, a prominent Pakistani diplomat and journalist, has held the distinction of serving as Pakistan's ambassador to both the United States and the United Kingdom, as well as Pakistan's Permanent Representative to the United Nations, making her one of the few diplomats to hold all three of these significant posts.

Cash flows from financing activities include items related to the company's owners and creditors. This includes issuing and redeeming preference shares, issuing and redeeming debt, and paying dividends. Interest paid is usually classified as an operating activity, but according to IAS 7, it can be classified as financing.

Muhammad Younus founded Grameen Bank in Bangladesh in 1983. He was awarded the Nobel Peace Prize in 2006 for his work in microfinance and poverty alleviation. Grameen Bank provides small loans (microcredit) to the poor, particularly women, without requiring collateral. The bank has inspired similar institutions worldwide.