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 :
Show answer
Answer: B. Statement 1 is wrong: BBB has its own chairperson; the first was former CAG Vinod Rai, not the RBI Governor. Statement 2 is correct: BBB recommends names for heads and whole-time directors of public sector banks. Statement 3 is correct: it helps PSBs with strategies and capital-raising plans. So 2 and 3.
Watch for: Because BBB deals with banks, students assume the RBI Governor heads it.
Why the other options are wrong
- A. Wrong because the RBI Governor is not BBB's chairman.
- C. Wrong because the RBI Governor does not chair BBB.
- D. Wrong because statement 1 is incorrect.
Source to check: Banks Board Bureau website (banksboardbureau.org.in); Ministry of Finance notification of 2016 setting up BBB
Answer from the official UPSC key. Written and fact-checked by AI against the official key. Spotted a mistake? Report it.