IBPS PO General Awareness: International Finance and Trade questions with solutions

Q1. India's services exports crossed the targeted USD _____ mark for the first time in the financial year 2021-22.

1. 200 Billion
2. 220 Billion
3. 250 Billion
4. 240 Billion

Answer: 250 Billion

India's services exports crossed the USD 250 billion mark for the first time in FY 2021-22. This was reported as a major milestone in external trade performance.

Q2. An exchange rate system was implemented after World War II. This system was accepted on the basis of which declaration?

1. Bretton Woods
2. Marrakesh Agreement
3. International Finance Agreement
4. Foreign Account Tax Compliance

Answer: Bretton Woods

The post-World War II exchange rate system refers to the Bretton Woods system. It was established at the Bretton Woods Conference and formed the basis of the international monetary order.