In which of the following years the Basel I accord was introduced ........

Current GK (IBPS-CL) Banking Awareness

In which of the following years, the Basel - I accord was introduced?

This questions was previously asked in

IBPS Clerk Mains (28 Feb, 2021 Shift 1)

980

2004

1988

1993

1972

- The Basel Accords are a set of international banking regulations developed by the Basel Committee on Banking Supervision.

- Option 1: 980 - Incorrect. This year refers to the early medieval period, not related to banking regulations.

- Option 2: 2004 - Incorrect. This is the year Basel II was introduced, not Basel I.

- Option 3: 1988 - Correct. Basel I was indeed introduced this year to standardize bank capital requirements.

- Option 4: 1993 - Incorrect. Basel I was in implementation phase in many countries by this year, but introduced earlier.

- Option 5: 1972 - Incorrect. This predates the formation of the Basel Committee itself.

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