Enable Banner Section: Check to enable the section on frontpage otherwise uncheck to disable.

Featured Posts Section
Featured Content type: Choose the Post / Category where you want to render the content.
Select Posts: This setting allows users to select posts to get the featured images and content of that post.
Select Category: This setting allows users to select a category to get the featured image and content of that category.

Banner Slider Section
Banner Slider Content type: Choose the Post / Category where you want to render the content.
Select Posts: This setting allows users to select posts to get the featured images and content of that post.
Select Category: This setting allows users to select a category to get the featured image and content of that category.

Editor Pick Section
Editor Pick Content type: Choose the Post / Category where you want to render the content.
Select Posts: This setting allows users to select posts to get the featured images and content of that post.
Select Category: This setting allows users to select a category to get the featured image and content of that category.