GS PrelimsEconomyBanking2007

Basel II relates to which one of the following?

International standards for safety in civil aviation

measures against cyber crimes

Measures against drug abuse by sportspersons

international standards for measuring the adequacy of a bank's capital

Correct Answer: Option D

Explanation

1. Basel II refers to the second of the Basel Accords, which are recommendations on banking laws and regulations issued by the Basel Committee on Banking Supervision. 2. The purpose of Basel II is to create international standards for measuring the adequacy of a bank's capital, specifically concerning how much capital banks need to hold to guard against financial and operational risks. 3. The other options relate to different international standards or measures.

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