Tough Times Teach Tough Lessons

Q.

What is meant by the Bretton Woods Agreement?

Q. Bretton Woods conference established two financial institutions ____ and ____ to help recover the economy after the Second World War.

1. Institute for Monetary Fund
2. World Bank Institute
3. World Bank
4. International Monetary Fund

Q. The post-war economic system was built to ensure economic stability. The framework for this system was decided at ____ in the year ___ in the USA.

1. United Nations Conference on Finance and Economy, 1947
2. General Assembly meet, 1945
3. United Nations Monetary and Financial Conference, 1944
4. Economic and Financial Conference, 1944

Q. Which of the following statements are true?

1. The World Bank was founded a year after the International Monetary Fund
2. The World Bank works with developing nations to eradicate poverty and help them prosper.
3. The International Monetary Fund balances out the finanacial framework across the world.
4. The World Bank is responsible for balancing out the finanacial framework across the world.

Q. What were the demands of G77?

1. Better development assistance
2. Control over their own natural resources
3. Fair price of raw materials
4. No assistance during the development phase

Q. Where was the United Nations Monetary and Financial Conference held?

1. New Hampshire
2. New York
3. New Jersey
4. New Zealand

Q. Which of the following statements about the G77 are untrue?

Statement (I): The G77 is a group of 134 member countries at present.
Statement (II): It was established on 18 July, 1954.
Statement (III): It is an organisation that comprises only developed countries.

1. Statements (I) and (II) are untrue
2. Statements (II) and (III) are untrue
3. Only statement (III) is untrue
4. All the statements are true

Q. Assertion (A): The Mount Washington Hotel was chosen for the Bretton Woods Conference.
Reason (R): The Bretton Woods Conference was held in 1945.

Choose the correct option accordingly.

1. Both (A) and (R) are true, and (R) is the correct explanation of (A)
2. Both (A) and (R) are true, but (R) is not the correct explanation of (A)
3. (A) is true and (R) is false
4. (A) is false and (R) is true
5. Both (A) and (R) are false

Q.

In which year was the United Nations Monetary and Financial Conference held?

1. 1941

2. 1954

3. 1951

4. 1944

Q. Which of the following organisations or systems drew up a relationship between gold and the US dollar?

1. World Bank
2. Bretton Wood System
3. International Monetary Fund
4. World Trade Organisation

Q. IMF and World Bank could not help all the nations. Select the relevant option from the following:

1. It helped nations that attended the conference in 1944.
2. It helped countries that did not participate in World War II.
3. It helped the industrial countries majorly.
4. It helped countries that were under the colonial rule of France.

Q. How did the industrial world ensure economic stability during post-war settlement?

Q. Which of the following organizations was not set up during Bretton Woods conference ?

1. International Monetary Fund
2. International Bank for Reconstruction and Development
3. World Bank
4. American Express Bank

Q. The world bank was set up for the reconstruction of war-effected economies of Europe.

1. True
2. False

Q. What was the G-77 ?

1. Group of Developing country
2. Group of developed countries
3. Group of underdeveloped country
4. Group of overdeveloped country

Q. European Systems of Central Bank is divided into how many parts?

1. 1
2. 6
3. 2
4. 3

Q. Explain the role of Bretton Woods institutions in post-Second World War settlement.