Kavi, in case you've not gotten this figured out by now (hopefully you have):
1) Go to YOURMOODLE.COM/admin
2) Go to frontpage > frontpage roles
3) Override the admin role permissions to allow the bottom two entries (view block and manage site-level blocks)
This should fix the problem. You'll now be able to go back to frontpage settings and undo whatever you did. Probably has something to do with the default role or with an override on that page.
Roles and permissions
Front Page Settings has vanished!
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