GENERAL KNOWLEDGE

GK

BANKING AWARENESS AND SEBI

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Where is the Bank of International Settlement headquartered?
A
France
B
Belgium
C
Germany
D
Switzerland
Explanation: 

Detailed explanation-1: -Headquartered in Basel, the Bank for International Settlements (BIS) fosters international monetary and financial cooperation and serves as a bank and forum for central banks. The SNB has occupied one of the seats (currently 18) on the Board of Directors since the BIS was founded in 1930.

Detailed explanation-2: -The Bank for International Settlements is headquartered in Basel, Switzerland. It was established on 17th May 1930 and acts as a banker for central banks and other financial institutions of the world. The banks are responsible for implementing the Basel Accords.

Detailed explanation-3: -The Swiss National Bank (SNB; German: Schweizerische Nationalbank; French: Banque nationale suisse; Italian: Banca nazionale svizzera; Romansh: Banca naziunala svizra) is the central bank of Switzerland, responsible for the nation’s monetary policy and the sole issuer of Swiss franc banknotes.

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