UPSC
UPSC 2019Current AffairsModerate

The Chairmen of public sector banks are selected by the

A
Banks Board Bureau
Correct Answer
B
Reserve Bank of India
C
Union Ministry of Finance
D
Management of concerned bank

Explanation

The Banks Board Bureau (BBB) is the correct answer as it was established in 2016 specifically to recommend candidates for top-level appointments, including Chairmen and MDs, in Public Sector Banks. Although the Union Ministry of Finance acts as the final appointing authority, it does not handle the selection process itself, which is a common point of confusion. This question tests the core concept of institutional reforms in banking governance designed to professionalize the management of state-owned banks.

Indian EconomyBanking Sector Governance / Public Sector UndertakingsChairmenpublic sector banksPSBBanks Board BureauBBBselection process

Related Current Affairs PYQs

Continue with questions from the same topic or exam year.

View all 2019 Current Affairs questions

UPSC 2019 · Indian Economy

The economic cost of food grains to the Food Corporation of India is Minimum Support Price and bonus (if any) paid to the farmers plus

UPSC 2019 · Indian Economy

What was the purpose of Inter-Creditor Agreement signed by Indian banks and financial institutions recently?

UPSC 2019 · Indian Economy

Consider the following statements: 1. Petroleum and Natural Gas Regulatory Board (PNGRB) is the first regulatory body set up by the Government of Indi...

UPSC 2019 · Environment & Ecology

In India, 'extended producer responsibility' was introduced as an important feature in which of the following?

UPSC 2019 · Delhi Sultanate

Consider the following statements: 1. In the revenue administration of Delhi Sultanate, the in-charge of revenue collection was known as 'Amil'. 2. Th...

UPSC 2019 · International Organizations

Which one of the following is not a sub-index of the World Bank's Ease of Doing Business Index?

UPSC 2019 · Government Schemes and Institutions

Atal Innovation Mission is set up under the

UPSC 2019 · Environment & Climate Change

In the context of which of the following do some scientists suggest the use of cirrus cloud thinning technique and the injection of sulphate aerosol i...

WANT TO PRACTICE LIKE THE REAL EXAM?

Don't just read questions. Take a full timed test with negative marking and detailed analytics to see where you stand.

Start Current Affairs Test Now