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Social Science (087) — AI-generated practice question

AI-generated practice question — model-generated for extra practice, not a previous-year CBSE board question.

Q1. [1] straightforward exam-ready
The Bretton Woods Conference of 1944 established two major international financial institutions. Which of the following correctly identifies them and their primary purposes?
  1. A IMF — to finance post-war reconstruction; World Bank — to deal with external surpluses and deficits
  2. B IMF — to deal with external surpluses and deficits; World Bank — to finance post-war reconstruction
  3. C IMF — to regulate international trade; World Bank — to lend to developing countries only
  4. D IMF — to manage gold reserves; World Bank — to manage fixed exchange rates
Generated by claude-sonnet-4-6 · 2026-06-26 14:57 · grounding rag
Model Answer

Answer: B

IMF was established to deal with external surpluses and deficits of member nations; World Bank (IBRD) was set up to finance post-war reconstruction.

Explanation

The source passage explicitly states: "The Bretton Woods conference established the IMF to deal with external surpluses and deficits… the World Bank was set up to finance post-war reconstruction." Options A reverses the two roles. Options C and D introduce incorrect purposes not mentioned in the text. Students must memorise the distinct roles of each institution as a common exam fact.

Source: Chapter 3, Section 4.1 Post-war Settlement and the Bretton Woods Institutions

Previous-year CBSE Grade 10 board exam questions, organised by subject and chapter, each with a model answer — free to read and print.