Banks Board Bureau[BBB] was established in 2016 and there are already 2 questions about it. Now BBB replaced by Financial Service Institution Bureau [FSIB] so it becomes an important topic we will go through BBB PYQ and FSIB topics. With reference to the ‘Banks Board Bureau (BBB)’ , which of the following statements are correct? [2022] 1.  The Governor of RBI is the Chairman of BBB. 2. BBB recommends for the selection of heads for 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 : (a)        1 and 2 only (b)        2 and 3 only (c)        1 and 3 only (d)        1, 2 and 3   Tip - RBI Governor is not the chairman of BBB   Solution - B The Chairman of public sector banks are selected by the [2019] (a) Banks Board Bureau (b) Reserve Bank of India (c) Union Ministry of Finance (d) Management of concerned bank     Solution- A  

It Was a medium-level question because though NFTs were in the news but question require the application of basics. Concerning  Non-Fungible Tokens (NFTs) , consider the following statements : 1.   They enable the digital representation of physical assets. 2.  They are unique cryptographic tokens that exist on a blockchain. 3.  They can be traded or exchanged at equivalency and therefore can be used as a medium of commercial transactions. Which of the statements given above is correct? (a)        1 and 2 only (b)        2 and 3 only (c)        1 and 3 only        ' (d)        1, 2 and 3   Solution- For a Better understanding see the video.   Trick Statement 3 is wrong Because Non-fungible items cannot be used as a medium of exchange because they will not be divisible easily.     What is a Non-Fungible Token[NFTs]?   NFTs are  unique cryptographic tokens that exist on a blockchain and cannot be replicated .   For Example A GIF, Digital Image, Music File etc stored Using Digital Te

  With reference to the Indian economy, consider the following statements :[2022] 1. If the inflation is too high, the Reserve Bank of India (RBI) is likely to buy government securities. 2.  If the rupee is rapidly depreciating , RBI is likely to sell dollars in the market. 3. If interest rates in the USA or European Union were to fall, that is likely to induce RBI to buy dollars. Which of the statements given above are correct? (a)        1 and 2 only (b)        2 and 3 only (c)        1 and 3 only (d)        1, 2 and 3   Solution   Tip If RBI buys G-sec then the money supply will increase → inflation will increase   Statement 1- If the  inflation  is too high, the Reserve Bank of India (RBI) is likely to  buy government securities.   Security means a certificate or document indicating that its holder is eligible to receive a certain amount of money at a particular amount of time this could be of two types   1. Equity- share certificate 2