Multiple choice general knowledge history

Which of the following is specifically designed to control various risk involve in Banking operations?

  1. (A) RTGS

  2. (B) FEMA

  3. (C) Basel Norms

  4. (D) EFTOPS

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Basel Norms (Basel Accords) are international banking regulations developed by the Basel Committee on Banking Supervision specifically to manage and control various risks in banking operations, including credit risk, market risk, and operational risk. RTGS is for payment settlement, FEMA regulates foreign exchange, and EFTOPS is a payment system - none are specifically designed for risk management.