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 11

A customer is dissatisfied with the award passed by the Banking Ombudsman. What is the next step available to the customer?

Describe the role of the Reserve Bank of India in the Banking Ombudsman Scheme.

Explain the difference between the Banking Ombudsman Scheme and consumer courts.

Explain the process of filing a complaint with the Banking Ombudsman.

Explain the term 'award' in the context of the Banking Ombudsman Scheme.

Explain the term 'grievance redressal' in the context of the Banking Ombudsman Scheme.

Explain why the Banking Ombudsman Scheme is important for the Indian banking sector.

List any one document required to file a complaint with the Banking Ombudsman.

List any two services of banks that are covered under the Banking Ombudsman Scheme.

State any one limitation of the Banking Ombudsman Scheme.

State any two types of complaints that can be addressed under the Banking Ombudsman Scheme.

The Banking Ombudsman Scheme was introduced under which Act?

What is the first step a customer should take before approaching the Banking Ombudsman?

What is the main benefit of the Banking Ombudsman Scheme for customers?

What is the main objective of the Banking Ombudsman Scheme?