2015 GS Paper I, all questions
UPSC Prelims 2015 · GS Paper I
Question 65: Economy and Social Development
'Basel III Accord' or simply 'Basel III', often seen in the news, seeks to
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
AnswerUPSC’s answer is (b).
Basel III is a set of global banking standards from the Basel Committee on Banking Supervision, drawn up after the 2008 financial crisis. It tightens capital and liquidity requirements and adds a leverage ratio, so that banks can withstand financial and economic stress and manage risk better. It has nothing to do with biodiversity, greenhouse gases or ozone.
Why each option is right or wrong
- (a) Biodiversity strategies belong to the Convention on Biological Diversity.
- (b) Correct: Basel III strengthens banks' resilience and risk management.
- (c) Emission reduction with heavier burdens on developed countries describes the Kyoto Protocol.
- (d) Replacing CFCs with harmless chemicals relates to the Montreal Protocol.
Answer: UPSC’s key. Explanation: written by UPSC Grade, not by UPSC.
Source: UPSC, Civil Services (Preliminary) Examination 2015, General Studies Paper I, Series A. The paper on upsc.gov.in.