UPSC Previous Year Question | Prelims GS | 2022

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

Answer

Correct Answer

2 and 3 only

Explanation

Statement 1 is incorrect — the BBB Chairman is a separately appointed individual, not the RBI Governor (who is only an ex-officio member). Statements 2 and 3 are correct — BBB recommends heads for PSBs and helps them develop capital-raising and strategic plans.

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