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NDA 2 2025 GAT, question 84

Topic: Economy

Q84

With which of the following was the Bretton Woods System NOT associated

  1. (a) International Monetary Fund
  2. (b) Economic recovery after the Second World War
  3. (c) International Bank for Reconstruction and Development
  4. (d) Establishment of a monetary system based on floating exchange rateCorrect answer

Solution.

Answer: (d) Establishment of a monetary system based on floating exchange rate

  1. Bretton Woods established the IMF and IBRD and a system of fixed but adjustable exchange rates, supporting post-war reconstruction and monetary stability.
  2. A system based on floating exchange rates was not its original design.