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    Question

    The FSIB is responsible for r ecommending to the

    government the person for appointment to the Board of financial institutions . What is the full form of FSIB?
    A Financial Services Institutions Bureau Correct Answer Incorrect Answer
    B Financial and Social Institutions Bureau Correct Answer Incorrect Answer
    C Financial Services Institutions Board Correct Answer Incorrect Answer
    D Financial and Social Institutions Board Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    Financial Services Institutions Bureau (FSIB) was constituted effective from July 01, 2022, by Central Government for the purpose of recommending persons for appointment as whole-time directors and non-executive chairpersons on the Boards of financial services institutions and for advising on certain other matters relating to personnel management in these institutions .      FSIB replaced Banks Board Bureau (BBB).  

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