CBSE Class 10 Social Science 2023 Set 3 Delhi Paper
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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.
OR
(b) Differentiate between Fixed and Floating exchange rate.
OR
(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.
OR
(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.
OR
(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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