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Question

Consider the following statements about ‘Bank of International Settlements (BIS)’:

I. Bank of International Settlements (BIS) is basically acting as the Bank of the Central Banks.

II. Basel Committee on Bank Supervision (BCBS) is a committee of BIS.

III. Its head office is in Geneva, Switzerland.

Which of the above statements is/are correct?

A I only Correct Answer Incorrect Answer
B II only Correct Answer Incorrect Answer
C III only Correct Answer Incorrect Answer
D I and II only Correct Answer Incorrect Answer
E II and III only Correct Answer Incorrect Answer

Solution

Statement I is correct -: The goal of the Bank of International Settlements (BIS) is to serve as a bank for central banks and to assist in central banks' efforts to achieve monetary and financial stability through global collaboration. Statement II is correct -: The Basel Committee on Bank Supervision (BCBS) is a committee within the Bank for International Settlements. Statement III is not correct -: Its head office is in Basel, Switzerland.

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