Multiple choice

Match the following:

 
Group - I Group - II
1. Maastrich treaty (i) 1989
2. Baker plan (ii) 1988
3. Brady plan (iii) 1992
4. Toronto term (iv) 1985

  1. 1 - (ii), 2 - (iii), 3 - (iv), 4 - (i)

  2. 1 - (ii), 2 - (iv), 3 - (iii), 4 - (i)

  3. 1 - (iii), 2 - (iv), 3 - (i), 4 - (ii)

  4. 1 - (iii), 2 - (iv), 3 - (ii), 4 - (i)

  5. 1 - (iv), 2 - (iii), 3 - (ii), 4 - (i)
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

These are correctly matched. In February, 1992, the 15 member countries signed the Maastricht treaty for the European Monetary Union (EMU). To overcome debt rescheduling by commercial banks, James Baker proposed the Baker plan in October, 1985. In 1989, US Treasury Secretary Nicholas Brady suggested measures for debt reduction of Lower Developed Countries (LDC). At the 1988 Toronto Economic Summit of the Paris club, it was decided to give debt relief to the poorest debtor countries with GNP per capita income of less than 600 dollars. This is known as Toronto terms.

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