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Answer : 1. "Banking"
To which of the following sectors of the economy do Basel III norms belong?
5Q:
To which of the following sectors of the economy do Basel III norms belong?
- 1Bankingtrue
- 2Capital marketfalse
- 3Automobilefalse
- 4Aviationfalse
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Answer : 1. "Banking"
Explanation :
1. The Basel norms are international banking rules to strengthen the international banking system.
2. It is in the form of an agreement by the Basel Committee on Banking Supervision which mainly focuses on the risks to banks and the financial system.