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

The correct answer is A) World Economic Forum. WEF, the Geneva-based body best known for its Davos annual meeting, launched the 'Great Reset' initiative in June 2020, and Klaus Schwab and Thierry Malleret set out its ideas in the book COVID-19: The Great Reset. The core idea is that the pandemic should be used to rebuild economies around stakeholder capitalism, with attention to health, climate, inequality and digital transformation, rather than simply restoring pre-Covid growth.

Why the others are wrong:

• B) World Bank: A Washington-based lender and development agency under the Bretton Woods system. It funds projects and runs crisis lending, but it did not launch the Great Reset.
• C) OECD: A Paris-based forum of mostly developed economies that produces policy analysis and standards. It issued Covid recovery reports but not this initiative.
• D) UNCTAD: The UN body on trade and development, set up in 1964 and based in Geneva. It works on trade and development policy and is not the source of this initiative.

Concept to remember: the Great Reset is a WEF-driven vision, not a government or UN programme. It links to the debate on stakeholder versus shareholder capitalism and ESG, which is a useful Mains angle on sustainable and inclusive recovery.

Trap: candidates pick the World Bank or OECD because they sound like recovery bodies. Ask who popularised the term, and remember that a 'reset' idea comes from a think-tank forum, not a lending institution.