BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The Bank for International Settlements (BIS) is the world’s oldest international financial organisation. BIS was established on
A
26th May 1961
B
01st October 1949
C
14th February 1914
D
17th May 1930
Explanation: 

Detailed explanation-1: -Bank for International Settlements, international bank established at Basel, Switzerland, in 1930, as the agency to handle the payment of reparations by Germany after World War I and as an institution for cooperation among the central banks of the various countries (see Young Plan).

Detailed explanation-2: -The Bank for International Settlements was established in 1930. It is the world’s oldest international financial institution and remains the principal centre for international central bank cooperation.

Detailed explanation-3: -Established in 1930, the Bank for International Settlements is the oldest international financial institution.

Detailed explanation-4: -The Indian Standards Institution (ISI) came into being on the 06 January 1947 and in June 1947 Dr. Lal C. Verman took over as its first Director.

Detailed explanation-5: -Its head office is in Basel, Switzerland and it has two representative offices: in Hong Kong SAR and in Mexico City, as well as Innovation Hub Centres around the world.

There is 1 question to complete.