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1GENERAL KNOWLEDGE MCQS
Full Form of BCCI?
Bank of Commerce and Cooperation International
Bank of Central Cooperation International
Bank of Credit and Commerce International
None of These
Correct Answer:
C. Bank of Credit and Commerce International
Detailed Explanation
The full form of **BCCI** is **Bank of Credit and Commerce International**.
BCCI was a major international bank founded in 1972 by Agha Hasan Abedi, a Pakistani banker. It was headquartered in Luxembourg and operated in more than 70 countries around the world. The bank grew very quickly and became one of the largest multinational banks in the world during the 1980s.
However, in 1991, BCCI was closed down due to serious financial problems and allegations of illegal activities. These included fraud, money laundering, and regulatory violations. The bank had hidden massive losses and was involved in several scandals. This became one of the biggest banking failures in history.
BCCI’s case is often used as an example of poor financial management and lack of proper regulation in international banking. It also showed how important it is for banks to follow strict rules and be transparent in their operations.
Even though BCCI no longer exists, it is still widely discussed in banking and finance studies because of the lessons it taught the financial world. It showed how big institutions can collapse if they are not properly supervised and managed.
So, the correct answer is **Bank of Credit and Commerce International**.
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