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Which of the following statements is/are correct regarding the Indian Bank Association (IBA)?
1. The members of the association are drawn from public sector banks only.
2. It decides the wages of bank employees.
3. As of now, IBA is not considered as a public authority under section 2 of the RTI act.
Select the correct answer using the code given below.
1. The members of the association are drawn from public sector banks only.
2. It decides the wages of bank employees.
3. As of now, IBA is not considered as a public authority under section 2 of the RTI act.
Select the correct answer using the code given below.
- a)1 and 2 only
- b)3 only
- c)2 and 3 only
- d)1, 2 and 3
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
Which of the following statements is/are correct regarding the Indian ...
• The Indian Banks' Association (IBA) was formed on September 26, 1946, with 22 members. As on April2018, the total Membership of the Association is 252. The members comprise of Public Sector Banks, Private Sector Banks, Foreign Banks having offices in India, Co-operative Banks, Regional Rural Banks, and All India Financial Institution. Over the years IBA has emerged as the Voice of Indian Banking Industry. Hence, statement 1 is not correct.
• VISION: To work proactively for the growth of a healthy, Professional and forward-looking, banking and financial services industry, in a manner consistent with the public good.
• Objectives of IBA include:
(i) To promote and develop in India sound and progressive banking principles, practices and conventions and to contribute to the developments of creative banking.
(ii) To initiate advance planning for the introduction of new systems or services in the banking industry.
(iii) To act as a clearinghouse for dissemination and exchange of statistical data, information, views, and opinions on the systems, procedures, and practices, and organization and methods of banks and on the structure, working and operations of the banking system.
(iv) To maintain continuous communications with the representatives of bank employees, to conduct talks, discussions, and negotiations with them and to arrive at Settlements. IBA, representing the management of banks, negotiates with authorized representatives of Workmen Unions and Officers Association on wage revisions. Hence, statement 2 is correct.
• IBA performs various activities, which are entrusted to them by the Government or the Reserve bank of India. The functions performed by the IBA are important public functions. Therefore, the Central Information Commission, taking into account that the IBA performs functions as State agency and its majority control vests in Government of India appointed Managing Directors of Public Sector Banks, adjudicate that IBA qualifies to be a public authority under the RTI Act, 2005.
• However, the above judgment of CIC has been challenged before the High Court of Delhi. The court noted that IBA is an association of banks with 241 members and only 9 members are public-sector banks. The court also noted that the IBA is not funded substantially by an appropriate Government and the appropriate Government does not exercise control over the affairs of the IBA. The court in, prima facie, view that the IBA is not a public authority. Hence, statement 3 is correct.
• VISION: To work proactively for the growth of a healthy, Professional and forward-looking, banking and financial services industry, in a manner consistent with the public good.
• Objectives of IBA include:
(i) To promote and develop in India sound and progressive banking principles, practices and conventions and to contribute to the developments of creative banking.
(ii) To initiate advance planning for the introduction of new systems or services in the banking industry.
(iii) To act as a clearinghouse for dissemination and exchange of statistical data, information, views, and opinions on the systems, procedures, and practices, and organization and methods of banks and on the structure, working and operations of the banking system.
(iv) To maintain continuous communications with the representatives of bank employees, to conduct talks, discussions, and negotiations with them and to arrive at Settlements. IBA, representing the management of banks, negotiates with authorized representatives of Workmen Unions and Officers Association on wage revisions. Hence, statement 2 is correct.
• IBA performs various activities, which are entrusted to them by the Government or the Reserve bank of India. The functions performed by the IBA are important public functions. Therefore, the Central Information Commission, taking into account that the IBA performs functions as State agency and its majority control vests in Government of India appointed Managing Directors of Public Sector Banks, adjudicate that IBA qualifies to be a public authority under the RTI Act, 2005.
• However, the above judgment of CIC has been challenged before the High Court of Delhi. The court noted that IBA is an association of banks with 241 members and only 9 members are public-sector banks. The court also noted that the IBA is not funded substantially by an appropriate Government and the appropriate Government does not exercise control over the affairs of the IBA. The court in, prima facie, view that the IBA is not a public authority. Hence, statement 3 is correct.
Most Upvoted Answer
Which of the following statements is/are correct regarding the Indian ...
Explanation:
Indian Bank Association (IBA):
- The Indian Bank Association (IBA) is an association of Indian banks and financial institutions.
- It was formed on September 26, 1946, as a representative body of management of banking in India.
- IBA represents the banking industry in wage negotiations with the employees' unions.
Correct Statements:
2. It decides the wages of bank employees:
- One of the key functions of the Indian Bank Association is to negotiate with employee unions on behalf of banks regarding their wages and other employment-related issues.
- IBA plays a crucial role in determining the salary structure and benefits for bank employees in India.
3. As of now, IBA is not considered as a public authority under section 2 of the RTI act:
- The Right to Information Act, 2005, defines a public authority under Section 2(h) as any authority or institution of self-government established or constituted by the Constitution, by any other law made by Parliament, by a state legislature, or by notification issued or order made by the appropriate government.
- The Indian Bank Association (IBA) is a voluntary association formed by banks and financial institutions and does not fall under the definition of a public authority as per the RTI Act.
Therefore, the correct statements regarding the Indian Bank Association (IBA) are 2 and 3 only.
Indian Bank Association (IBA):
- The Indian Bank Association (IBA) is an association of Indian banks and financial institutions.
- It was formed on September 26, 1946, as a representative body of management of banking in India.
- IBA represents the banking industry in wage negotiations with the employees' unions.
Correct Statements:
2. It decides the wages of bank employees:
- One of the key functions of the Indian Bank Association is to negotiate with employee unions on behalf of banks regarding their wages and other employment-related issues.
- IBA plays a crucial role in determining the salary structure and benefits for bank employees in India.
3. As of now, IBA is not considered as a public authority under section 2 of the RTI act:
- The Right to Information Act, 2005, defines a public authority under Section 2(h) as any authority or institution of self-government established or constituted by the Constitution, by any other law made by Parliament, by a state legislature, or by notification issued or order made by the appropriate government.
- The Indian Bank Association (IBA) is a voluntary association formed by banks and financial institutions and does not fall under the definition of a public authority as per the RTI Act.
Therefore, the correct statements regarding the Indian Bank Association (IBA) are 2 and 3 only.
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Which of the following statements is/are correct regarding the Indian Bank Association (IBA)?1. The members of the association are drawn from public sector banks only.2. It decides the wages of bank employees.3. As of now, IBA is not considered as a public authority under section 2 of the RTI act.Select the correct answer using the code given below.a)1 and 2 onlyb)3 onlyc)2 and 3 onlyd)1, 2 and 3Correct answer is option 'C'. Can you explain this answer? for UPSC 2025 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Which of the following statements is/are correct regarding the Indian Bank Association (IBA)?1. The members of the association are drawn from public sector banks only.2. It decides the wages of bank employees.3. As of now, IBA is not considered as a public authority under section 2 of the RTI act.Select the correct answer using the code given below.a)1 and 2 onlyb)3 onlyc)2 and 3 onlyd)1, 2 and 3Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following statements is/are correct regarding the Indian Bank Association (IBA)?1. The members of the association are drawn from public sector banks only.2. It decides the wages of bank employees.3. As of now, IBA is not considered as a public authority under section 2 of the RTI act.Select the correct answer using the code given below.a)1 and 2 onlyb)3 onlyc)2 and 3 onlyd)1, 2 and 3Correct answer is option 'C'. Can you explain this answer?.
Which of the following statements is/are correct regarding the Indian Bank Association (IBA)?1. The members of the association are drawn from public sector banks only.2. It decides the wages of bank employees.3. As of now, IBA is not considered as a public authority under section 2 of the RTI act.Select the correct answer using the code given below.a)1 and 2 onlyb)3 onlyc)2 and 3 onlyd)1, 2 and 3Correct answer is option 'C'. Can you explain this answer? for UPSC 2025 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Which of the following statements is/are correct regarding the Indian Bank Association (IBA)?1. The members of the association are drawn from public sector banks only.2. It decides the wages of bank employees.3. As of now, IBA is not considered as a public authority under section 2 of the RTI act.Select the correct answer using the code given below.a)1 and 2 onlyb)3 onlyc)2 and 3 onlyd)1, 2 and 3Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following statements is/are correct regarding the Indian Bank Association (IBA)?1. The members of the association are drawn from public sector banks only.2. It decides the wages of bank employees.3. As of now, IBA is not considered as a public authority under section 2 of the RTI act.Select the correct answer using the code given below.a)1 and 2 onlyb)3 onlyc)2 and 3 onlyd)1, 2 and 3Correct answer is option 'C'. Can you explain this answer?.
Solutions for Which of the following statements is/are correct regarding the Indian Bank Association (IBA)?1. The members of the association are drawn from public sector banks only.2. It decides the wages of bank employees.3. As of now, IBA is not considered as a public authority under section 2 of the RTI act.Select the correct answer using the code given below.a)1 and 2 onlyb)3 onlyc)2 and 3 onlyd)1, 2 and 3Correct answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for UPSC.
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Which of the following statements is/are correct regarding the Indian Bank Association (IBA)?1. The members of the association are drawn from public sector banks only.2. It decides the wages of bank employees.3. As of now, IBA is not considered as a public authority under section 2 of the RTI act.Select the correct answer using the code given below.a)1 and 2 onlyb)3 onlyc)2 and 3 onlyd)1, 2 and 3Correct answer is option 'C'. Can you explain this answer?, a detailed solution for Which of the following statements is/are correct regarding the Indian Bank Association (IBA)?1. The members of the association are drawn from public sector banks only.2. It decides the wages of bank employees.3. As of now, IBA is not considered as a public authority under section 2 of the RTI act.Select the correct answer using the code given below.a)1 and 2 onlyb)3 onlyc)2 and 3 onlyd)1, 2 and 3Correct answer is option 'C'. Can you explain this answer? has been provided alongside types of Which of the following statements is/are correct regarding the Indian Bank Association (IBA)?1. The members of the association are drawn from public sector banks only.2. It decides the wages of bank employees.3. As of now, IBA is not considered as a public authority under section 2 of the RTI act.Select the correct answer using the code given below.a)1 and 2 onlyb)3 onlyc)2 and 3 onlyd)1, 2 and 3Correct answer is option 'C'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice Which of the following statements is/are correct regarding the Indian Bank Association (IBA)?1. The members of the association are drawn from public sector banks only.2. It decides the wages of bank employees.3. As of now, IBA is not considered as a public authority under section 2 of the RTI act.Select the correct answer using the code given below.a)1 and 2 onlyb)3 onlyc)2 and 3 onlyd)1, 2 and 3Correct answer is option 'C'. Can you explain this answer? tests, examples and also practice UPSC tests.
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