New RBI Grade B Notification Coming Soon... Prepare with Us!! Click here to enroll

    Register

    Question

    Consider the following statements about ‘Bank of International Settlements (BIS)’:

    I. Bank of International Settlements (BIS) is basically acting as the Bank of the Central Banks.

    II. Basel Committee on Bank Supervision (BCBS) is a committee of BIS.

    III. Its head office is in Geneva, Switzerland.

    Which of the above statements is/are correct?

    A I only Correct Answer Incorrect Answer
    B II only Correct Answer Incorrect Answer
    C III only Correct Answer Incorrect Answer
    D I and II only Correct Answer Incorrect Answer
    E II and III only Correct Answer Incorrect Answer

    Solution

    Statement I is correct -: The goal of the Bank of International Settlements (BIS) is to serve as a bank for central banks and to assist in central banks' efforts to achieve monetary and financial stability through global collaboration. Statement II is correct -: The Basel Committee on Bank Supervision (BCBS) is a committee within the Bank for International Settlements. Statement III is not correct -: Its head office is in Basel, Switzerland.

    Practice Next

    Relevant for Exams:

    ×
    ×