Target Exam

CUET

Subject

Economics

Chapter

Macro Economics: Introduction

Question:

Arrange the following economic events in chronological order:

(A) Gold was displaced by creating the Special Drawing Rights (SDRs).
(B) The Great Depression.
(C) First World War.
(D) Bretton Woods Conference.

Choose the correct answer from the options given below:

Options:

(A), (B), (C), (D)

(C), (B), (D), (A)

(B), (A), (D), (C)

(A), (B), (D), (C)

Correct Answer:

(C), (B), (D), (A)

Explanation:

The correct answer is Option (2) → (C), (B), (D), (A)

  • (C) First World War – Occurred from 1914 to 1918

  • (B) The Great Depression – Started in 1929 and lasted through the 1930s

  • (D) Bretton Woods Conference – Held in 1944, it established the IMF and World Bank

  • (A) Gold was displaced by creating the Special Drawing Rights (SDRs) – SDRs were created by the IMF in 1969 as a supplement to existing reserves and a move away from reliance on gold.