Q64 · UPPSC Prelims 2021 · Set D · General Studies

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Which of the following organization has launched "The Great Reset' Initiatives for the recovery of global economy during the Post Covid-19 phase?

A World Economic Forum
B World Bank
C OECD
D UNCTAD

Correct answer: (a) World Economic Forum

Explanation

  1. A

    World Economic Forum

    The World Economic Forum launched “The Great Reset” initiative for recovery of the global economy in the post Covid-19 phase. The Forum, known for the annual Davos meeting, presented the Reset as a call to rebuild economic and social systems after the pandemic shock. Because the question names that initiative, WEF is the official key.

  2. B

    World Bank

    The World Bank finances development and issued Covid-era recovery lending and poverty assessments. It did not launch the branded “Great Reset” programme. This option is not the key.

  3. C

    OECD

    The OECD produces economic outlooks and policy advice among developed economies. The Great Reset is not an OECD flagship. This option is therefore wrong.

  4. D

    UNCTAD

    UNCTAD works on trade and development for developing countries and published pandemic trade reports. It is not the organisation behind The Great Reset. This option is not the key.

Summary. Official key is (a) World Economic Forum. The Great Reset was a WEF initiative framed around post-Covid global economic recovery. The World Bank, OECD and UNCTAD were active on recovery in their own mandates but did not launch this named project. Exam questions often mix Davos branding with Bretton Woods or UN bodies. Only (a) is correct.