Basel III norms primarily focus on: MCQ with Answer and Explanation

Basel III norms primarily focus on:
A. agricultural credit
B. priority sector lending
C. interest rate deregulation
D. capital adequacy, leverage and liquidity of banks
Answer: Option D
Solution (By JKSSB Mock Tests)
Basel III norms strengthen capital adequacy, leverage and liquidity requirements for banks.

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Practice More Economy Set 1 Questions

Question #1
The 'Banking Ombudsman' scheme was introduced in India in which year?
A. 1995
B. 2000
C. 1990
D. 2005

Correct Answer: Option A


Explanation:
The Banking Ombudsman scheme was introduced in 1995.

This question belongs to: Economy GK Economy Set 1
Question #2
Which of the following is NOT a method of privatisation?
A. Public-private partnership
B. Strategic sale
C. Nationalisation
D. Disinvestment of shares

Correct Answer: Option C


Explanation:
Nationalisation is the opposite of privatisation; it involves taking private assets into public ownership. Privatisation methods include disinvestment, strategic sale and PPP.

This question belongs to: Economy GK Economy Set 1
Question #3
Which of the following is a feature of 'Open-Source' models of innovation?
A. Collaborative development in which the source code or design is made publicly available and can be modified and redistributed
B. Only closed innovation within a single firm
C. Complete proprietary control of all code
D. Only government-mandated standards

Correct Answer: Option A


Explanation:
Open-source models rely on the public availability of source code or designs, enabling collaborative improvement, redistribution and the emergence of communities of developers around shared resources.

This question belongs to: Economy GK Economy Set 1