Discussion
What is the full form of "BIS"?
Answer: D
Correct answer: Bank for International Settlements
The Bank for International Settlements, founded in 1930 at Basel, is the oldest international financial institution and serves as a bank for central banks.
It holds their deposits, conducts research, and hosts the committees whose work sets global standards - most prominently the Basel Committee on Banking Supervision, whose Basel accords on capital adequacy every major banking system now follows. Note the preposition: it is a bank for international settlements, and the same three letters mean the Bureau of Indian Standards in a domestic context.
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