Match List-I with List-II:

List–I	List–II
(A) Pegged exchange rate system	(I) Setting up of IMF and World Bank
(B) Managed floating	(II) Fixed exchange rate system
(C) Bretton Woods Conference	(III) Dirty floating
(D) Third element in BOP	(IV) Error and Omission Account

Choose the correct answer from the options given below:

Correct option is B

(A) Pegged exchange rate system: This system fixes the exchange rate of a currency to another currency (usually a strong one) or to a commodity like gold. (Matches with II - Fixed exchange rate system)
(B) Managed floating: This system allows a currency's exchange rate to fluctuate within a certain band, with government intervention to maintain stability. (Matches with III - Dirty floating)
(C) Bretton Woods Conference: This 1944 conference established the International Monetary Fund (IMF) and the World Bank, laying the foundation for the pegged exchange rate system. (Matches with I - Setting up of IMF and World Bank)
(D) Third element in BOP: The Balance of Payments (BOP) has three main components: current account, capital account, and financial account. The third element typically refers to the financial account. (Matches with IV - Error and Omission Account - While not a perfect match, the error and omission account are part of the financial account in BOP, and it captures the discrepancy between the recorded transactions in the current and capital accounts)