The New Capital Adequacy Framework prescribed for the banks is commonly known as _________.

credit policy

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monetary policy

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KYC norms

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basel accord

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Solution

The correct option is D basel accord
The New Capital Adequacy Framework prescribed for the banks is commonly known as Basel Accord. The Basel Accords are the three series of banking regulations. It requires financial institutions to maintain enough cash reserves to cover operational risks.

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Similar questions

Q1. Consider the following statements about Capital Adequacy Ratio (CAR):

1. Capital Adequacy Ratio (CAR) is the ratio of a bank’s capital in relation to its risk-weighted assets and current liabilities.

2. The risk-weighted assets take into account credit risk only.

Select the correct answer using the codes given:

1

2

3

___are known as a new issue market as it is the market for new long-term capital securities issued by the company.

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