Correct answer: (a) Banks Board Bureau
Explanation
- A
Banks Board Bureau
(a) Banks Board Bureau. At the time of the 2019 paper, BBB recommended whole-time directors and non-executive chairpersons of public sector banks. That selection route is the official key.
- B
Reserve Bank of India
(b) Reserve Bank of India regulates banks and has a say on fit-and-proper, but it was not the body that selected PSB chairpersons. Not the key.
- C
Union Ministry of Finance
(c) Union Ministry of Finance is the owner and appoints on BBB’s recommendation; the question asks who selects, and the keyed body is BBB. Not the key.
- D
Management of concerned bank
(d) Management of the concerned bank does not appoint its own chairperson. Not the key.
Summary. Official key is (a). Banks Board Bureau was set up on the Nayak Committee line to professionalise PSB board selection. RBI supervises; Finance Ministry owns; neither is the selecting bureau named in the key. Honour (a).
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