Class 10 - History

The Making Of A Global World Online MCQs Test

Olympiad Level MCQs Also Included

Set-1 Set-2 Set-3 Set-4 Set-5 Set-6 Set-7 Set-8 Set-9 Set-10 Set-11 Set-12 Set-13 Set-14 Set-15 Set-16 Set-17 Set-18 Set-19 Set-20 Set-21 Set-22 Set-23 Set-24 Set-25 Set-26 Set-27 Set-28 Set-29 Set-30 Set-31 Set-32

Set 29

1. When did the IMF and the World Bank commence financial operations?

(A) 1945
(B) 1946
(C) 1947
(D) 1948

2. Who has an effective right of veto over key IMF and World Bank decisions?

(A) Developing countries
(B) Japan
(C) Western industrial powers, especially the US
(D) Eastern industrial powers

3. What is the international monetary system?

(A) System linking national currencies and monetary policy
(B) System linking national economies and trade
(C) System linking national currencies and monetary system
(D) System linking international financial institutions

4. What was the basis of the Bretton Woods system?

(A) Floating exchange rates
(B) Flexible exchange rates
(C) Fixed exchange rates
(D) Market-driven exchange rates

5. In the Bretton Woods system, what were national currencies pegged to?

(A) Euro
(B) Yen
(C) Dollar
(D) Pound

6. What was the fixed price of gold in the Bretton Woods system?

(A) $10 per ounce
(B) $20 per ounce
(C) $35 per ounce
(D) $50 per ounce

7. What era did the Bretton Woods system inaugurate for the Western industrial nations and Japan?

(A) Era of stagnation
(B) Era of unprecedented growth
(C) Era of isolation
(D) Era of conflict

8. What was the average unemployment rate in most industrial countries during the period of stable growth?

(A) More than 10%
(B) 7-10%
(C) Less than 5%
(D) 5-7%

9. What characterized the growth during the period of stable growth?

(A) Large fluctuations
(B) Unprecedented stability
(C) High unemployment rates
(D) Economic decline

10. What did developing countries invest vast amounts of capital in during these decades?

(A) Military equipment
(B) Social welfare programs
(C) Importing industrial plant and equipment featuring modern technology
(D) Agricultural projects