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Match the columns:
Matrix:

Column I

Column II
(a)
First World War
(i)
The US banking system collapsed
(b)
Great Depression
(ii)
First Modern Industrial war
(c)
Post-Second World War Reconstruction
(iii)
Bretton Woods Institutions
(d)
IMF and World Bank
(iv)
The US emerged as the world’s dominant power

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a-ii; b-iv; c-iii; D-I

a-ii; b-i; c-iv; d-iii

a-iv; b-iii; c-ii; D-I

a-iii; b-i; civ; d-ii

answer is B.

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Detailed Solution

First World War:
The First World War was the first modern-day industrial war that started in 1914 and ended in 1918.
Great Depression:
The Great Depression started in 1921 when the US banking system collapsed, leading the whole world into debt, and it lasted till the mid-1930s. During this period, the world experienced a major decline in production and income.
Post-Second World War Reconstruction:
Post-Second World War Reconstruction, the US became the world’s most dominant power.
IMF and World Bank:
To meet the financial needs of industrial countries, the IMF and World Bank were designed. Hence, Bretton Woods Institution shifted its attention towards developing countries.

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