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UPSC 2019: The Chairmen of public sector banks are selected by the
(a)Banks Board Bureau
(b)Reserve Bank of India
(c)Union Ministry of Finance
(d)Management of concerned bank
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Not attemptedCorrect Answer: (a) Banks Board Bureau
Under government guidelines of 2016, the Banks Board Bureau recommends appointments of whole-time directors and non-executive chairpersons of Public Sector Banks; hence BBB selects PSB chairmen. RBI, Finance Ministry or NITI Aayog are not the appointing bodies. Therefore option (a) is correct. ([dalvoy.com](https://www.dalvoy.com/upsc/previous-years/2019/public-sector-bank-chairmen-selection-banks-board-bureau?utm_source=openai))
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Frequently Asked Questions
What is the correct answer to this UPSC 2019 Indian Economy question?▼
The correct answer is option (a): Banks Board Bureau. Watch the detailed video explanation in our Sherlocking Prelims course on UnlockIAS.
Which year was this Banking & Financial Sector question asked in UPSC Prelims?▼
This question was asked in UPSC CSE Prelims 2019, GS Paper 1, as Question 73. It falls under Indian Economy > Banking & Financial Sector.
What is the difficulty level of this UPSC question?▼
This question is rated "easy". It tests basic recall and most well-prepared aspirants should answer it correctly.
How many UPSC Prelims questions have been asked from Banking & Financial Sector?▼
UPSC has asked 48 questions from Banking & Financial Sector (under Indian Economy) across multiple years. Visit the topic page to see the full list and year-wise trends.