alleryWhich 1930s British Empire trade bloc used sterling held in London?
AZollverein customs union
BSterling Area bloc
CHanseatic League
DOttoman Customs Union
Answer & Solution
Correct answer: B. Sterling Area bloc
The Sterling Area was an exclusionary bloc in which surplus pounds were kept in London banks.
Keep practising Global World & Industrialisation
Browse all Global World & Industrialisation questions for CBSE Class 10, or explore more Social Science topics.
Related questions
At the end of the 1800s, what share of the workforce was in technologically advanced sectoWhich production stayed important alongside factories?Which kind of people appeared in advertisements to make products seem respectable?Why did manufacturers' calendars reach buyers that newspapers did not?What did Manchester cloth labels need to make familiar?Why could mills not easily copy special hand-woven designs?Why did fine saris like Banarasi keep selling steadily even in famines?By 1941, what share of handlooms in India had fly shuttles?