Current Affairs

GK MCQs Section
Q. With reference to the Banks Board Bureau (BBB), consider the following statements:
  1. It was set up on the recommendation of the Nayak Committee.
  2. It was part of the Indradhanush Plan.
  3. The Banks Board Bureau was a public authority as defined in the Right to Information Act, 2005.
  4. The BBB is a non-profit organisation registered under Section 8 of the Companies Act 2013.
Which of the above statements are correct?
Answer: Only 1, 2 & 3
Notes: Banks Board Bureau was set up in 2016 based on the Nayak Committee's recommendation and was a component of the Indradhanush Plan. It was a public authority under the RTI Act, 2005, but was not registered as a Section 8 non-profit company – that provision applied to its successor, the FSIB. Therefore, statements 1, 2, and 3 are correct.
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