subject

Banking Ombudsman Scheme

Economics ⇒ Money and Banking

Banking Ombudsman Scheme starts at 11 and continues till grade 12. QuestionsToday has an evolving set of questions to continuously challenge students so that their knowledge grows in Banking Ombudsman Scheme. How you perform is determined by your score and the time you take. When you play a quiz, your answers are evaluated in concept instead of actual words and definitions used.
See sample questions for grade 12
A customer files a complaint with the Banking Ombudsman but the matter is already pending before a court. Will the Ombudsman entertain the complaint?
A customer files a complaint with the Banking Ombudsman. The bank offers a settlement which the customer accepts. What happens next?
A customer is dissatisfied with the response from his bank regarding a failed ATM transaction. What should be his next step under the Banking Ombudsman Scheme?
A customer is unhappy with the Banking Ombudsman's award. Within how many days must he file an appeal?
Describe the appeal process if a party is not satisfied with the decision of the Banking Ombudsman.
Describe the eligibility criteria for a person to be appointed as a Banking Ombudsman.
Describe the types of complaints that are outside the purview of the Banking Ombudsman Scheme.
Explain the process of filing a complaint with the Banking Ombudsman.
Explain the role of the Reserve Bank of India in the Banking Ombudsman Scheme.
Explain the term 'cause of action' in the context of the Banking Ombudsman Scheme.
Explain the term 'ex-parte award' in the context of the Banking Ombudsman Scheme.
Explain the term 'settlement' in the context of the Banking Ombudsman Scheme.
List any two documents required to file a complaint with the Banking Ombudsman.
Name any two types of complaints that can be addressed by the Banking Ombudsman.
State any one limitation of the Banking Ombudsman Scheme.
State any one reason why a complaint may be rejected by the Banking Ombudsman.
State any one way in which the Banking Ombudsman Scheme promotes consumer protection.
What is the main benefit of the Banking Ombudsman Scheme for customers?
What is the main objective of the Banking Ombudsman Scheme in India?
Who appoints the Banking Ombudsman in India?