BANKING GENERAL KNOWLEDGE
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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More efficient than conventional banks
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Less efficient than conventional banks
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As efficient as conventional banks
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Not efficient at all
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Detailed explanation-1: -A KNowLEdGE NETwoRK FoR BANKING REGULAToRS Sustainable finance protects banks’ assets, improves brand value, and lowers cost of capital. It also helps build resilient economies.
Detailed explanation-2: -Banks play a key role in allocating finances for the functioning of the economy. As a result, they can contribute to channelling private investment towards the transition to a climate-neutral, climate-resilient, resource efficient and fair economy.
Detailed explanation-3: -Green banking refers to a bank changing its internal operations to lower or eliminate its environmental impact through initiatives like green IT and energy-efficient premises. Sustainable finance is the provision of financial products that incentivize or mandate environmentally-friendly behavior.
Detailed explanation-4: -This approach is based on certain principles that not only consider profit but also economic and social benefits. The main objective of sustainable banking is to maintain financial and social stability.