History of Banking

41. The concept of “Too Big to Fail” refers to:

a) Banks that are immune to financial crises

b) Banks that are subject to strict regulations

c) Banks that are too large to be allowed to fail

d) Banks that are kept under government ownership

42. The term “hawala” refers to:

a) Money laundering

b) Islamic banking system

c) Offshore banking

d) Peer-to-peer lending

43. The Bank of Australia was established in:

a) 1871

b) 1892

c) 1911

d) 1934

44. The Basel III regulations were introduced in response to:

a) Global financial crisis

b) Dotcom bubble burst

c) Asian financial crisis

d) European debt crisis

45. Who is known as the “father of modern economics”?

a) John Maynard Keynes

b) Adam Smith

c) Karl Marx

d) Milton Friedman