GK
BANKING AWARENESS AND SEBI
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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France
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Belgium
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Germany
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Switzerland
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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.