With reference to the 'Banks Board Bureau (BBB)', which of the following statements are correct? 1. The…
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 and 2 only
2 and 3 only
1 and 3 only
1, 2 and 3
Solution
1 incorrect: BBB is chaired by an eminent banker/former civil servant, not RBI Governor. 2 and 3 correct: BBB recommends heads of PSBs and assists them in strategy and capital plans.