UPSC CSE Prelims
Question 84
With reference to the 'Banks Board Bureau (BBB)', which of the following statements are correct ?
- The Governor of RBI is the Chairman of BBB.
- BBB recommends for the selection of heads for Public Sector Banks.
- BBB helps the Public Sector Banks in developing strategies and capital raising plans.
Select the correct answer using the code given below :
View correct answer and explanation
Correct answer: B
Correct Option: B (2 and 3 only)
Explanation: Before its 2022 replacement by the Financial Services Institutions Bureau, the Banks Board Bureau recommended leadership candidates and strategic/capital-raising support for public-sector banks.
Statement / Pair / Item-wise Analysis:
1. False / does not qualify - The RBI Governor was not ex officio chair; BBB was chaired by an appointed person.
2. True / qualifies - BBB advised the Government on appointment of senior management/heads of public-sector banks.
3. True / qualifies - BBB assisted public-sector banks with strategic planning and capital-raising proposals.
Option-wise Analysis:
A. Incorrect-includes 1 even though The RBI Governor was not ex officio chair; BBB was chaired by an appointed person.; omits 3 even though BBB assisted public-sector banks with strategic planning and capital-raising proposals.
B. Correct-selects exactly the correct statements/items identified above.
C. Incorrect-includes 1 even though The RBI Governor was not ex officio chair; BBB was chaired by an appointed person.; omits 2 even though BBB advised the Government on appointment of senior management/heads of public-sector banks.
D. Incorrect-includes 1 even though The RBI Governor was not ex officio chair; BBB was chaired by an appointed person.
Review note: The BBB was replaced by FSIB in 2022; the question’s 2022 examination context concerns BBB’s then-defined mandate.