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

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The 'Bretton Woods Conference' was held in which year?

A. 1940

B. 1947

C. 1944

D. 1950

Answer: Option C

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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Question #1

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The 'Universal Declaration of Human Rights' was adopted by the United Nations in which year?

A. 1966

B. 1948

C. 1945

D. 1950

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Correct Answer: Option B

Explanation:
The Universal Declaration of Human Rights was adopted in 1948.

This question belongs to: Economy GK Economy Set 1

Question #2

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The 'Gross Value Added' at basic prices excludes:

A. indirect taxes net of subsidies

B. net factor income from abroad

C. depreciation

D. all taxes

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Correct Answer: Option A

Explanation:
GVA at basic prices is measured before net product taxes, so it excludes net indirect taxes.

This question belongs to: Economy GK Economy Set 1

Question #3

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In the context of cost curves, the Marginal Cost curve intersects the Average Cost curve at:

A. Its minimum point

B. Its maximum point

C. The origin

D. Any random point

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Correct Answer: Option A

Explanation:
The MC curve intersects both the AVC and ATC curves at their respective minimum points.

This question belongs to: Economy GK Economy Set 1

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