Tough Times Teach Tough Lessons

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. 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. Explain what is referred to as the G-77 countries. In what ways can G-77 be seen as a reaction to the activities of the Bretton Woods twins?

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.

Explain me about Bretton Woods Agreement

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. explain the obstacles of the economic growth of europe in the mid 18th century

Q. What was the main objective of post-war international economic system?

1. Industrialization of former colonies
2. To meet the financial needs of the industrial countries.
3. To eliminate Poverty and lack of development in the former colonies.
4. To create global economy

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

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

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

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. Which of the following was an agreement made for promoting international trade.

1. General Agreement on Tariffs and Trade
2. General Trade Agreement
3. General Agreement on Tariffs
4. General Tariff Agreement

Q. Which of the following is known as the soft loan window of World Bank is __________.

1. RBI
2. SBI
3. IDA
4. IFCI