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

Featured Posts Section
Featured Content type: Choose Post / Category where you want to render the content from.
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.

Posts Tab Section
Enable Latest News Tabs: This section allows user to enable latest news in banner section.
Enable Random News Tab: This section allows user to enable random news in banner section.