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With reference to the ‘Banks Board Bureau (BBB)’, which of the following statements are correct

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 :

(a)

1 and 2 only

(b)

2 and 3 only

(c)

1 and 3 only

(d)

1, 2 and 3

Answer:

(b)

Factual

Core Books/NCERT

Explanation

Statement 1 is wrong: RBI governor is not the chairman of BBB. Therefore by elimination the answer is “B”.