The 'Bretton Woods twins' refer to: MCQ with Answer and Explanation

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The 'Bretton Woods twins' refer to:

A. ILO and WHO

B. UNESCO and FAO

C. IMF and World Bank

D. WTO and UNCTAD

Answer: Option C

Solution (By JKSSB Mock Tests)

The IMF and World Bank are known as the Bretton Woods twins.

This question belongs to: Economy GK Economy Set 1

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Question #1

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Which of the following is most likely to cause a current account deficit to widen?

A. Increase in exports

B. Fall in imports

C. Rise in crude oil prices

D. Increase in remittances

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Correct Answer: Option C

Explanation:
Rising crude oil prices increase the import bill, widening the current account deficit.

This question belongs to: Economy GK Economy Set 1

Question #2

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Which of the following is a feature of the Indian planning process after 2015?

A. Only centralised planning without state participation

B. Complete abandonment of any form of planning

C. Replacement of Planning Commission by NITI Aayog with a focus on cooperative federalism

D. Continuation of Five Year Plans by Planning Commission

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Correct Answer: Option C

Explanation:
In 2015, the Planning Commission was replaced by NITI Aayog, which promotes cooperative federalism, provides strategic and technical advice, and does not impose centralised Five Year Plans in the earlier form.

This question belongs to: Economy GK Economy Set 1

Question #3

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The 'Fifth Five Year Plan' period was:

A. 1974-1979

B. 1971-1976

C. 1969-1974

D. 1980-1985

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Correct Answer: Option A

Explanation:
The Fifth Five Year Plan covered 1974-1979.

This question belongs to: Economy GK Economy Set 1

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