World Economic Forum - 46th Annual Conference, 2016

1. Which of the following statements is incorrect about World Economic Forum (WEF)?
   1. It is Swiss non-profit foundation based in Cologny, Geneva.
   2. Mr. Klaus Schwab is its founder and executive chairman.
   3. It organizes an annual winter meeting in Davos in eastern Alps region of Switzerland.
   4. It is an annual conference of Finance Ministers and Central Bank heads of the participating countries.
       
2. The theme of this year's WEF conference is 'Mastering the Fourth Industrial Revolution'. What does 'Fourth Industrial Revolution' signifies?
   1. Birth of modern factories and increased mechanization
   2. Phase of mass production
   3. Fusion of Technologies – Physical, digital and biological world
   4. Digital Revolution – Mass customization and additive manufacturing like 3-D printing.
       
3. What concerns have been expressed by Mr. Klaus Schwab regarding the nature and effects of fourth industrial revolution?
   1. Increase in social inequality
   2. Unsustainability of current models
   3. Unpredictability of results
   4. Transient nature of revolution
   5. All of the above

Answers:

1. d, public and private entities, journalists, business leaders, politicians etc. also participate in the conference
2. c
3. e