2022
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Banks and Insurance Companies Bureau
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Financial Services Institution Bureau (FSIB)
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Financial Institutions Bureau (FIB)
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Banks Appointment Bureau (BAB)
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Detailed explanation-1: -Q. Which new body has been approved to replace the Banks Board Bureau (BBB)? Notes: The government has decided to set up the Financial Services Institution Bureau (FSIB) to replace the Banks Board Bureau (BBB).
Detailed explanation-2: -To end this logjam, the BBB had to be struck down and a new body, namely, FSIB had to be put in place vide approval from the Appointments Committee of the Cabinet, headed by the prime minister.
Detailed explanation-3: -Mumbai: The government has revamped the Banks Board Bureau (BBB) by creating the Financial Services Institutions Bureau (FSIB). The move will pave the way for top appointments in public sector .
Detailed explanation-4: -The Cabinet Appointments Committee (ACC) has passed a government resolution to establish the Financial Services Institutions Bureau (FSIB) in place of the Banks Board Bureau (BBB).
Detailed explanation-5: -The government has transformed Banks Board Bureau (BBB), the headhunter for directors of state-owned banks and financial institutions, into Financial Services Institutions Bureau (FSIB) by making some amendments.