GK
BANKING AWARENESS AND SEBI
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The biggest international financial centre in the world:
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Paris
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London
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Geneva
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New York
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Explanation:
Detailed explanation-1: -In terms of assets, London is the largest and most established such centre, followed by New York, the difference being that the proportion of international to domestic business is much greater in the former. Examples cited by the IMF included New York City, London, and Tokyo.
Detailed explanation-2: -Finance of London The City (“the Square Mile”) claimed to have the largest concentration of financial employment in the world. London’s role as a world financial centre has long historical roots.
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