| Consider the following statements related to Basel convention. |
| 1. It aims to set global norms for banking sector for their monetary and financial stability. |
| 2. It aims to control the transboundary movement of hazardous waste and their disposal. |
| Which of the statement(s) given above is/are correct? |
A) Only 1
B) Only 2
C) Both 1 and 2
D) Neither1nor 2
Correct Answer: B
Solution :
[b] The first statement is related to basel norms, which are associated with monetary and financial stability of banking sector. The basel convention is a global convention which aims to control the transboundary movement of hazardous waste and their disposal. It was adopted in 1989 and come into force in 1992.
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