Question

Bretton Woods agreement gave birth to the following organization:

• A. GATT
• B. RBI
• C. NAFTA
• D. ASEAN

Hint:

The Bretton Woods Agreement established key international organizations such as the International Monetary Fund (IMF) and the World Bank, as well as GATT to promote trade.

Answer 1

The Correct Option is A

Step 1: Understand the Bretton Woods Agreement.
The Bretton Woods Agreement, signed in 1944, led to the establishment of several international organizations designed to promote economic stability and international trade. One of these organizations is the General Agreement on Tariffs and Trade (GATT), which was formed to regulate international trade. Step 2: Evaluate each option.
Option (A): Correct, the Bretton Woods Agreement led to the creation of GATT, which later evolved into the World Trade Organization (WTO).
Option (B): Incorrect, the Reserve Bank of India (RBI) is the central bank of India and was not created by the Bretton Woods Agreement.
Option (C): Incorrect, NAFTA (North American Free Trade Agreement) is a trade agreement between the United States, Canada, and Mexico, which came into effect in 1994, long after Bretton Woods.
Option (D): Incorrect, ASEAN (Association of Southeast Asian Nations) is a regional political and economic organization formed in 1967, unrelated to the Bretton Woods Agreement.
Hence, the correct answer is (A).