Major Banking Reforms of 21st century


6. Which major banking reform aimed to restore public trust by increasing corporate governance and financial transparency?

a) Sarbanes-Oxley Act

b) Dodd-Frank Act

c) Basel II

d) Glass-Steagall Act

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7. Which banking reform legislation introduced stricter rules on internal controls, financial reporting, and audit committees?

a) Dodd-Frank Act

b) Sarbanes-Oxley Act

c) Basel III

d) Volcker Rule

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8. Which banking reform separated commercial banking from investment banking activities?

a) Glass-Steagall Act

b) Dodd-Frank Act

c) Basel III

d) Volcker Rule

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9. When was the Glass-Steagall Act introduced?

a) 1933

b) 2002

c) 2010

d) 1986

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10. Which major banking reform aimed to prevent conflicts of interest and promote robust risk management practices?

a) Volcker Rule

b) Glass-Steagall Act

c) Basel II

d) Sarbanes-Oxley Act

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