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Q.

Arrange the following in the correct chronological sequence:


1)      The Second World War


2)      The Great Depression


3)      The Chinese Revolution


4)      The IMF and the World Bank commenced financial operations


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a

1–3–4–2

b

3–4–2–1

c

4–2–1–3

d

3–2–1–4 

answer is D.

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Detailed Solution

  • The first Chinese Revolution started in 1911. It overthrew the king of the Manchu dynasty and established a republic in China.
  • The Great Depression of 1929 was an economic depression due to the major fall in stock prices as a result of the First World War.
  • The Second World War was fought in 1939 and continued till 1945. It was the result of the humiliating treaty of Versailles.
  • The IMF (International Monetary Fund) and the World Bank were set up in 1945 to provide financial assistance to various countries. During the 1990s, the IMF also helped India in a major economic crisis.

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