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 of 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:

1. A

   1 and 2 only

   1 and 2 only. The RBI Governor is not the BBB chair.

2. B

   2 and 3 only

   2 and 3 only. BBB recommended PSB heads and advised on strategy and capital plans. Chair was a separate appointee (later FSIB).

3. C

   1 and 3 only

   1 and 3 only. Statement 1 fails.

4. D

   1, 2 and 3

   All three. Governor-as-chair is false.

Summary. Official key is (b) 2 and 3 only. Banks Board Bureau selected/recommended whole-time directors of public sector banks and helped with strategies and capital raising. It was not chaired by the RBI Governor.