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Home› UPSC CSE› Prelims GS Paper I› 2015 questions› Question 19

UPSC CSE Prelims

Subject: Current Affairs Chapter: International Economic Organisations

2015 PYQ

Question 19

'Basel III Accord' or simply 'Basel III', often seen in the news, seeks to

Choose one answer Adevelop national strategies for the conservation and sustainable use of biological diversity Bimprove banking sector's ability to deal with financial and economic stress and improve risk management Creduce the greenhouse gas emissions but places a heavier burden on developed countries Dtransfer technology from developed countries to poor countries to enable them to replace the use of chlorofluorocarbons in refrigeration with harmless chemicals

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Correct answer: B

Correct Option: B Explanation: Basel III is a global prudential banking framework to strengthen capital, liquidity and risk management after the 2008 financial crisis. Option-wise Analysis: A: Incorrect - Biodiversity strategies relate to the Convention on Biological Diversity. B: Correct - Basel III increases resilience of banks against financial shocks. C: Incorrect - Greenhouse-gas reduction obligations concern climate treaties, not Basel III. D: Incorrect - CFC phase-out and related assistance concern the Montreal Protocol.

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