Your definition of an IQ test seems to be so vague as to be meaningless.
Last time I passed a job interview, on several rounds of interview not one was about general intelligence, or general knowledge, or general anything. It was about my ability to solve the kind of problems they were solving and I had some experience solving. Last time I failed a job interview it was because of a bad culture fit.
I have not looked at the numbers, but I would suspect Ivy league admissions to be more correlated with wealth / geography than possibly anything else, but you probably square that with a belief that intelligence is hereditary as wealth is.
IQ tests measure the ability to solve quickly some abstract problems in an exam-like situation. There is certainly a use case for that, but thinking it captures the whole of "cognitive ability" is like thinking that duolingo captures the whole of litterary.
By the way, anytime one can't understand why $DEBATED_TOPIC is debatable should be an indication that one should switch to a slower though process.