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UPSC PYQPrelims 2022

Civil Services Examination · Question 64

With reference to the 'Banks Board Bureau (BBB)', which of the following statements are correct? 1. The Governor of RBI is the Chairman of BBB. 2. BBB recommends for the selection of heads for Public Sector Banks. 3. BBB helps the Public Sector Banks in developing strategies and capital raising plans. Select the correct answer using the code given below:

  1. 1 and 2 only
  2. 2 and 3 only
  3. 1 and 3 only
  4. 1, 2 and 3
Show answer & explanation

Answer: (B) 2 and 3 only

Explanation

BBB is chaired by an eminent person appointed by the government, not the RBI Governor. It recommends PSB heads and advises on strategy/capital raising (now replaced by FSIB).