QUES: Critics such as economist Paul Krugman and U.S. Treasury Secretary Timothy Geithner have argued that the regulatory framework did not keep pace with financial innovation, such as the increasing importance of the shadow banking system, derivatives and off-balance sheet financing. A recent OECD study suggest that bank regulation based on the Basel accords encourage unconventional business practices and contributed to or even reinforced the financial crisis. In other cases, laws were changed or enforcement weakened in parts of the financial system. Key examples include:
Who was the U.S. Treasury Secretary dealing with the aftermath of the financial crisis of 2007?

ANS: Timothy Geithner

QUES: As culture flourished, so did decentralization. Whereas the first phase of shoen development in the early Heian period had seen the opening of new lands and the granting of the use of lands to aristocrats and religious institutions, the second phase saw the growth of patrimonial "house governments," as in the old clan system. (In fact, the form of the old clan system had remained largely intact within the great old centralized government.) New institutions were now needed in the face of social, economic, and political changes. The Taiho Code lapsed, its institutions relegated to ceremonial functions. Family administrations now became public institutions. As the most powerful family, the Fujiwara governed Japan and determined the general affairs of state, such as succession to the throne. Family and state affairs were thoroughly intermixed, a pattern followed among other families, monasteries, and even the imperial family. Land management became the primary occupation of the aristocracy, not so much because direct control by the imperial family or central government had declined but more from strong family solidarity and a lack of a sense of Japan as a single nation.
What governmental reorganization lapsed during the period of shoen development?

ANS: Taiho Code

QUES: Bohemia (as Czech civilization was known by then) increased in power over the centuries, as its language did in regional importance. This growth was expedited during the fourteenth century by Holy Roman Emperor Charles IV, who founded Charles University in Prague in 1348. Here, early Czech literature (a biblical translation, hymns and hagiography) flourished. Old Czech texts, including poetry and cookbooks, were produced outside the university as well. Later in the century Jan Hus contributed significantly to the standardization of Czech orthography, advocated for widespread literacy among Czech commoners (particularly in religion) and made early efforts to model written Czech after the spoken language.
In what year did Jan Hus found Charles University?

ANS: unanswerable

QUES: As Western Europe witnessed the formation of new kingdoms, the Eastern Roman Empire remained intact and experienced an economic revival that lasted into the early 7th century. There were fewer invasions of the eastern section of the empire; most occurred in the Balkans. Peace with Persia, the traditional enemy of Rome, lasted throughout most of the 5th century. The Eastern Empire was marked by closer relations between the political state and Christian Church, with doctrinal matters assuming an importance in eastern politics that they did not have in Western Europe. Legal developments included the codification of Roman law; the first effortthe Theodosian Codewas completed in 438. Under Emperor Justinian (r. 527565), another compilation took placethe Corpus Juris Civilis. Justinian also oversaw the construction of the Hagia Sophia in Constantinople and the reconquest of North Africa from the Vandals and Italy from the Ostrogoths, under Belisarius (d. 565). The conquest of Italy was not complete, as a deadly outbreak of plague in 542 led to the rest of Justinian's reign concentrating on defensive measures rather than further conquests. At the emperor's death, the Byzantines had control of most of Italy, North Africa, and a small foothold in southern Spain. Justinian's reconquests have been criticised by historians for overextending his realm and setting the stage for the Muslim conquests, but many of the difficulties faced by Justinian's successors were due not just to over-taxation to pay for his wars but to the essentially civilian nature of the empire, which made raising troops difficult.
In what century was there peace with one of Rome's traditional enemies?

ANS:
5th