Which of the following is an international forum to discuss and implement supervisory norms in all the banks of the world?

Basel Committee

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UN Charter on Commercial Laws

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International Board of Banks and Finance

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World Trade Organisation

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Solution

The correct option is A Basel Committee
The Basel Committee on Banking Supervision (BCBS) is a committee of banking supervisory authorities that was established by the central bank governors of the Group of Ten countries in 1974. It provides a forum for regular cooperation on banking supervisory matters.

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Q40) Identify the correct statement/s about the Basel norms introduced by the Bank of international settlements (BIS)

i) The Basel committee on banking supervision looks after the implementation of Basel norms.

ii) Basel norms 1 was introduced in 1990

iii) Indian banks are following Basel norms 2 which were introduced in 2004

iv) Indian banks will adopt Basel norms 3 in 2019

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2

3

4

Commercial banks, finance rural credit directly, and through:

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