Here are some MCQs on Major Banking Reforms of 21st century
1. Which major banking reform of the 21st century aimed to strengthen financial stability and protect consumers?
a) Basel II
b) Dodd-Frank Act
c) Volcker Rule
d) Sarbanes-Oxley Act
2. What did the Dodd-Frank Act achieve in the banking sector?
a) Created the Consumer Financial Protection Bureau (CFPB)
b) Enhanced regulation of derivatives market
c) Introduced the Volcker Rule
d) All of the above
3. Which major banking reform focused on regulating large financial institutions from engaging in proprietary trading?
a) Dodd-Frank Act
b) Basel III
c) Sarbanes-Oxley Act
d) Volcker Rule
4. Which banking reform establishes international capital standards for banks?
a) Basel III
b) Dodd-Frank Act
c) Sarbanes-Oxley Act
d) Glass-Steagall Act
5. What was the main objective of the Basel III banking reform?
a) Enhance liquidity risk management
b) Improve the quality of capital
c) Strengthen regulation of financial institutions
d) All of the above
