Which aspect of the financial system do the Basel Norms focus on? - General Test

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MCQ

Which aspect of the financial system do the Basel Norms focus on?

Options

  • Commodity market 

  • Share market

  • Insurance 

  • Banking

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Solution

Banking

Explanation:

In an effort to strengthen the global banking system, the Basel rules are a global effort to harmonize banking regulations. It is the set of the Basel Committee on Banking Supervision's agreement that focuses on the threats to banks and the financial system.

Concept: Economic Current Affair (Entrance Exam)
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