The Chairmen of public sector banks are selected by the
- ABanks Board BureauCorrect
- BReserve Bank of India
- CUnion Ministry of Finance
- DManagement of concerned bank
Explanation
The Banks Board Bureau (BBB) was established by the Government of India in 2016 as an autonomous body. Its primary mandate is to improve the governance of Public Sector Banks (PSBs) and other Public Sector Financial Institutions. One of the key functions of the Banks Board Bureau is to recommend persons for appointment as whole-time directors (including Managing Directors and Chief Executive Officers) and non-executive Chairmen of Public Sector Banks. It also advises on strategies for their growth and development. Prior to BBB, these appointments were handled by a committee of the Finance Ministry.
Related questions
More UPSC Prelims practice from the same subject and topic.
- Prelims 2019GS1polity-and-governance
Atal Innovation Mission is set up under the
- Prelims 2019GS1polity-and-governance
Consider the following statements: 1. As per recent amendment to the Indian Forest Act, 1927, forest dwellers have the right to fell the bamboos grown on forest areas. 2. As per the Scheduled Tribes a…
- Prelims 2019GS1polity-and-governance
Consider the following statements : The Environment Protection Act, 1986 empowers the Government of India to 1. state the requirement of public participation in the process of environmental protection…
- Prelims 2019GS1polity-and-governance
As per the Solid Waste Management Rules, 2016 in India, which one of the following statements is correct?
- Prelims 2019GS1polity-and-governance
Consider the following statements : As per the Industrial Employment (Standing Orders) Central (Amendment) Rules, 2018 1. if rules for fixed-term employment are implemented, it becomes easier for the …
- Prelims 2019GS1polity-and-governance
With reference to the management of minor minerals in India, consider the following statements: 1. Sand is a 'minor mineral' according to the prevailing law in the country. 2. State Governments have t…