The 'Bretton Woods system' of fixed exchange rates collapsed in which decade? MCQ with Answer and Explanation

Question

Share Report Error

The 'Bretton Woods system' of fixed exchange rates collapsed in which decade?

A. 1970s

B. 1990s

C. 1980s

D. 1950s

Answer: Option A

Solution (By JKSSB Mock Tests)

The Bretton Woods system collapsed in the early 1970s.

This question belongs to: Economy GK Economy Set 1

Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Economy Set 1 Questions

Question #1

The 'Goods and Services Tax' revenue from SGST is credited to:

A. Consolidated Fund of India

B. Contingency Fund

C. Consolidated Fund of the state

D. Public Account

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option C

Explanation:
SGST revenue goes to the state's Consolidated Fund.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'National Family Health Survey' is conducted under the stewardship of:

A. NITI Aayog

B. Ministry of Finance

C. RBI

D. Ministry of Health and Family Welfare

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option D

Explanation:
NFHS is conducted under the Ministry of Health and Family Welfare.

This question belongs to: Economy GK Economy Set 1

Question #3

Say's law of markets states that:

A. demand creates its own supply

B. supply creates its own demand

C. government must manage demand

D. saving is always equal to investment

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option B

Explanation:
Say's law states that supply creates its own demand.

This question belongs to: Economy GK Economy Set 1

Explore All Economy Set 1 MCQs