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Question
Which aspect of the financial system do the Basel Norms focus on?
Options
Commodity market
Share market
Insurance
Banking
MCQ
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.
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Economic Current Affair (Entrance Exam)
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