In the context of banking regulation, Basel norms primarily deal with: MCQ with Answer and Explanation

In the context of banking regulation, Basel norms primarily deal with:
A. Exchange rate management
B. Fiscal deficit targets
C. Interest rate determination
D. Capital adequacy, risk management and supervision of banks
Answer: Option D
Solution (By JKSSB Mock Tests)
Basel norms (Basel I, II, III) are international banking regulations that set standards for capital adequacy, stress testing and market liquidity risk.

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Economy Set 1 Questions

Question #1
The 'Jamaica Accords' of 1976 formally recognized:
A. the gold standard
B. a single world currency
C. the euro currency
D. floating exchange rates

Correct Answer: Option D


Explanation:
The Jamaica Accords formalized floating exchange rates.

This question belongs to: Economy GK Economy Set 1
Question #2
The 'Goods and Services Tax' on cheese is:
A. 5%
B. 12%
C. 28%
D. 18%

Correct Answer: Option B


Explanation:
Cheese attracts 12% GST.

This question belongs to: Economy GK Economy Set 1
Question #3
Broad money M3 in India consists of M1 plus:
A. only post office deposits
B. time deposits with banks
C. government deposits
D. foreign currency reserves

Correct Answer: Option B


Explanation:
M3 is M1 plus time deposits with banks.

This question belongs to: Economy GK Economy Set 1