Q. With reference to the Bank Board Bureau (BBB), consider the following statements:

Select the correct answer using the codes given below:

1 only

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2 only

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1 and 3 only

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All of the above are correct

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Solution

The correct option is A 1 only
Explanation:

Statement 1 is correct: BBB is an advisory authority comprising eminent professionals and officials to improve the management of Public sector banks. Its recommendations are taken up by the Ministry of Finance that has the final authority to make any decision (with PM’s consultation).

Statement 2 is incorrect: Banks Board Bureau is a self-governing autonomous body of the Central Government.

Statement 3 is incorrect: P J Nayak Committee recommended the establishment of BBB.

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Similar questions

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Q. Consider the following statements regarding the Banks Board Bureau (BBB):

Which of the statements given above is/are correct?

Q. बैंक बोर्ड ब्यूरो (Banks Board Bureau-BBB) के संदर्भ में निम्नलिखित कथनों पर विचार कीजिए:

इसका मुख्य कार्य सरकारी स्वामित्व वाले बैंकों और वित्तीय संस्थानों के प्रमुखों की नियुक्ति करना है।
यह सरकार को सार्वजनिक क्षेत्र के बैंकों के लिए व्यावसायिक रणनीति और पूँजी जुटाने की योजना बनाने की सलाह देता है।
यह सार्वजनिक क्षेत्र के बैंकों की नियंत्रक कंपनी (Holding Company) है।

उपर्युक्त कथनों में से कौन से सही हैं?

With reference to the National Bank for Financing Infrastructure and Development (NBFID), consider the following statements:

Select the correct answer using the codes given below:

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