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What are BASEL Norms/Accords?

16. What are BASEL Norms/Accords?

1. Series of three sequential banking regulation agreements
2. Generating funds to finance the deficit
3. Sale and purchase of bonds and securities by the RBI to the government
4. Sale and purchase of bonds and securities by commercial banks to the customers

Answer: A) Series of three sequential banking regulation agreements

Explanation:

BASEL Norms or BASEL Accords are the worldwide financial guidelines given by the Basel Committee on Banking Supervision. The Basel standards is a work to arrange banking guidelines across the globe, determined to reinforce the worldwide financial framework. It is the arrangement of the understanding by the Basel advisory group of Banking Supervision that centres around the dangers to banks and the monetary framework.