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Banks Board Bureau is constituted as a major reform for revamping public sector. With respect to its functions consider the following: Recommending ways to raise funds To recommend appointments to top leadership positions in troubled public sector banks only To frame plans for mergers and consolidation with other banks To recommend directors of government-owned insurance companies Select the correct answer using the code below

Banks Board Bureau is constituted as a major reform for revamping public sector. With respect to its functions consider the following: Recommending ways to raise funds To recommend appointments to top leadership positions in troubled public sector banks only To frame plans for mergers and consolidation with other banks To recommend directors of government-owned insurance companies Select the correct answer using the code below Correct Answer <p>1, 3 and 4 only</p>

The right answer is 1, 3 and 4 only
Key Points
  • Banks Board Bureau came into effect from April 1, 2016.
  • It is an advisory body constituted to improve the management of Public Sector Banks.
  • Its functions are
  • Assisting banks to restructure their business strategy and provide them with ways to raise funds
  • To recommend appointment to leadership positions of Public Sector Banks. Its recommendations are not confined to troubled PSBs only. It can recommend to other PSBs also. Hence statement 2 is wrong
  • Suggesting plans for merger and consolidation of banks
  • To recommend directors of government-owned insurance companies

Related Questions

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:
Which of the following statements are true in context of scheduled banks?
1. All banks which are included in the Second Schedule to the Reserve Bank of India Act, 1934 are Scheduled Banks.
2. These banks comprise Scheduled Commercial Banks and Scheduled Co-operative Banks.
3. Scheduled Commercial Banks in India are categorized into five different groups - SBI, Nationalised Banks, Regional Rural Banks, Foreign Banks and Other Indian Scheduled Commercial Banks in the private sector.
4. Scheduled Co-operative Banks consist of Scheduled State Co-operative Banks and Scheduled Urban Co-operative Banks.
Statement : Many private sector banks have reduced interest rate on housing loans in comparison to public sector banks.

Courses of Action :
I. The case should be raised before the regulatory authority for investigation by the public sector banks as they cannot follow such reduction.
II. Public sector banks must adopt such policy to remain in competition.
III. The public sector banks should advertise their special feature repeatedly so that they do not lose their future customers.
Consider the following statements: 1. Secondary consolidation occurs at constant effective stress. 2. Secondary consolidation is related to dissipation of pore water pressure 3. Secondary consolidation occurs due to the readjustment of soil skeleton after a disturbance during primary consolidation. 4. Rate of secondary consolidation is controlled by the viscous adsorbed layer surrounding clay particle in soil. Which of the above statements are correct?
The question given below consists of a statement, followed by three arguments I, II and III. You have to decide which of the arguments is/are ‘strong’ arguments is/are ‘weak’ arguments and accordingly choose your answer from the alternatives given below each question. Statement: India's burgeoning shadow finance sector is likely to face a shake-up after defaults at one major lender battered the nation's financial markets in the past week and reinforced worries about credit risk. Industry officials and experts say they expect Indian regulators to cancel the licences of as many as 1,500 smaller non-banking finance companies because they don't have adequate capital, and to also make it more difficult for new applicants to get approval. Which of the following argument(s) stated support(s) the given fact? Arguments: I. Better capitalised and more conservatively run finance firms are likely to swallow up an increasing number of smaller rivals. That could make it difficult for many small borrowers to get loans, especially in the countryside where two-thirds of India's 1.3 billion people live and put the brakes on a surge in private consumption with a knock-on effect on growth.  II. The shadow banking sector now comprises more than 11,400 firms with a combined balance-sheet worth 22.1 trillion rupees ($304 billion) and is less strictly regulated than banks. It has been attracting new investors, particularly as the nation's banks have had to slow their lending as they seek to work through $150 billion of stressed assets.  III. Nearly 11,000 of India's NBFCs are small and medium-sized businesses with an asset base of less than 5 billion rupees. But the top 400, many of which are backed by banks and finance companies, control about 90 percent of the assets under management.
With reference to the period of colonial rule in India, "Home Charges" formed an important part of the drain of wealth from India. Which of the following funds constituted "Home Charges"? 1. Funds used to support the India Office in London. 2. Funds used to pay salaries and pensions of British personnel engaged in India. 3. Funds used for waging wars outside India by the British. Select the correct answer using the codes given below:
Q.(1-4): Answer the questions on the basis of the information given below. * F,G and H are insurance companies , Q,R,S and T are private detectives .Each detective works for at least one of the insurance companies. * Q always works for F and at least one of the other companies. Some of the time G employs only one of these detectives,' the rest of the time it employs exactly two of them. *F and H each employ exactly two of these detectives all the time. If R works for H only, and if S works for G and H only, T works for--
The question below consists of a set of labelled sentences. These sentences, when properly sequenced form a coherent paragraph. Select the mostlogical order of sentences from among the options. P: The basic reform they need is to change their holding structure to give them autonomy, as well as accountability, not a promise of no government interference.
Q: PSBs need systemic reform to overhaul their current decision-making structure and culture.
R: If the government does not want to free the banks from majority state ownership, it could at least put them at arms remove, by creating a holding company that would hold the PSB equity, appoint PSB boards and supervise their functioning.
S: It is surprising that after appointing the Banks Board Bureau, it has been given little role in reforming the PSBs.
Which of the following correctly describes, what the Bancassurance is
1. It is an arrangement where by the branches of a bank sell/distribute insurance products of an insurance company.
2. It is a new product developed/launched by the banks in which the risks of the high value customers are covered for any losses to their property and/or lives through an insurance cover.
3. It is a new product launched by the banks by which they are providing insurance cover to exporters/importers for the losses, if any due to high fluctuations in the exchange rates of dollars and other major currencies.
Select the correct answer
In the question below, are given a statement followed by three courses of actions numbered I, II and III. On the basis of the information given, you have to assume everything in the statement to be true, and then decide which of the following suggested courses of actions logically follow(s) for pursuing. Statement: The Department of Telecommunications (DoT) is set to conduct ‘special audits’ of mobile phone operators from fiscal 2011-12 onwards to check for under-reporting of revenue that might account for a sharp downturn in license fees and spectrum usage charges (SUC). Annual license fees and SUC paid to the government are calculated based on a telco’s revenue. The audit, to be resumed after a gap of three years, comes when license fee and SUC due to the government fell in 2017 by more than 23% on the year and is expected to fall this year too. This is due to the brutal price war, which expedited a bloody consolidation that saw a spate of exits and mergers & acquisitions that dented telecom revenues.  Courses of action: I. All telecom companies will be audited soon and DoT is preparing for this. This will be the third audit and notices will go out soon. II. DoT proposes to conduct audit/special audit of Aircel for the period of seven years for financial years 2011-2012 to 2017-2018. III. Operators fear the new round of audit could lead to a new dues being demanded from the already stressed sector, sparking more litigation and be a drag on time and resources.