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With reference to the institution of Banking Ombudsman in India, which one of the statement is not correct?

(Click on suggested Options to select the answer | Color Red means : Wrong & Green Means: Correct)
With reference to the institution of Banking Ombudsman in India, which one of the statement is not correct?
  • A. The services provided by the Banking Ombudsman are free of any fee
  • B. The orders passed by the Banking Ombudsman are final and binding on the parties concerned
  • C. Banking Ombudsman can consider complaints from NRIs having accounts in India
  • D. The Banking Ombudsman is appointed by the RBI
  • Check Answer
  • Complaint Here As Incorrect Question / Answer

Related Questions

With reference to the institution of Banking Ombudsman in India, which one of the statement is not correct?
  • A. The services provided by the Banking Ombudsman are free of any fee
  • B. The orders passed by the Banking Ombudsman are final and binding on the parties concerned
  • C. Banking Ombudsman can consider complaints from NRIs having accounts in India
  • D. The Banking Ombudsman is appointed by the RBI
  • Check Answer
  • Complaint Here As Incorrect Question / Answer
Which one of the following statement is correct with reference to FEMA in India?
  • A. The Foreign Exchange Regulating Act (FERA) was replaced by Foreign Exchange Management Act (FEMA) in the year 2001
  • B. FERA was given a sunset clause of one year till 31st May,2002 to enable Enforcement Directorate to complete the investigation of
  • C. Under FEMA, violation of foreign exchange rules has ceased to be a criminal offence
  • D. As per the new dispensation Enforcement Directorate can arrest and prosecute the people for the violation of foreign exchange ru
  • Check Answer
  • Complaint Here As Incorrect Question / Answer
Which statement is true about Universal Banking System Concept?
1. Universal banking means a mix of commercial banking and investment banking in India and abroad
2. Universal banking means providing opportunity to bank with any bank in the world at any amount
3. Universal banking means only one or two major banks in the country providing all sorts of services to their clients.
Banking Ombudsman is appointed by

In which citiesthe Reserve Bank of India (RBI) has recently launched the ombudsman scheme for NBFCs. The NBFC Ombudsman will have office?

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