(a) State the names and countries of the two ...

CBSE Class 10 Social Science 2023 Set 3 Delhi Paper

Question : 1 of 7

Marks: +1, -0

(a) State the names and countries of the two hostile groups that turned each other in the First World War.

(b) Differentiate between Fixed and Floating exchange rate.

Solution:

(a) The two major rival blocks that fought World War I were the Allied Powers and the Central Powers. The Allies consisted of Britain, France, Russia and the USA. The Central Powers consisted of Germany, Austria-Hungary and Ottoman Turkey.

(b) Fixed exchange rates: These exchange rates are fixed. Government interfere to prevent movement in them.

Floating exchange rates: Fluctuation in these exchange rates depends on demand and supply of currencies in foreign exchange markets. Government has no interference in them.

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