The 'Bretton Woods Conference' was held in which year? MCQ with Answer and Explanation

Question
The 'Bretton Woods Conference' was held in which year?
A. 1947
B. 1944
C. 1940
D. 1950
Answer: Option B
Solution (By JKSSB Mock Tests)
The Bretton Woods Conference was held in 1944.
This question belongs to: Economy GK Economy Set 1
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Practice More Economy Set 1 Questions

Question #1
The 'Sovereign Wealth Fund' is a state-owned investment fund that invests in:
A. only government bonds
B. various financial assets including equities and real estate
C. only domestic infrastructure
D. only gold
Discuss
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Correct Answer: Option B

Explanation:
Sovereign wealth funds invest in financial assets such as equities, bonds and real estate.
This question belongs to: Economy GK Economy Set 1
Question #2
Which of the following is the primary objective of the Fiscal Responsibility and Budget Management (FRBM) Act in India?
A. To ensure inter-generational equity and fiscal sustainability
B. To promote deficit financing through money creation
C. To eliminate all forms of taxation
D. To increase fiscal deficit indefinitely
Discuss
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Correct Answer: Option A

Explanation:
The FRBM Act aims to ensure fiscal discipline, inter-generational equity in fiscal management and long-term macroeconomic stability by setting targets for deficit reduction.
This question belongs to: Economy GK Economy Set 1
Question #3
The 'tragedy of the commons' refers to:
A. market success
B. government failure
C. overuse of common property resources
D. underuse of private property
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Correct Answer: Option C

Explanation:
The tragedy of the commons is the overuse and depletion of common property resources.
This question belongs to: Economy GK Economy Set 1
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