Question
What is the maximum award that can be imposed by the
NBFC Ombudsman in India, as decided by the RBI?Solution
The RBI has recently launched the Ombudsman Scheme for the NBFCs operating in India, under the Section 45L of the RBI Act 1934. The maximum award that can be passed by such an ombudsman will be Rs 10 lakhs whereas an appeal can be filed against the award within 30 days with a deputy governor of the RBI. There is no fee involved in filing a complaint with the NBFC Ombudsman.
In each question below, word is used in four different ways. Choose the option in which the usage of the word is INCORRECT or INAPPROPRIATE.
(A)...
A word/phrase has been given in the question and used in the sentences
below. Identify the statements where the word has been used in a contex...
Deterrent
(i) The speech has strengthened our faith and deterrent .
(ii) They seriously believe that capital punishment is a deterrent .
In each of the following questions, a word has been given and used in three statements. You are supposed to identify which of the statements/s use/s th...
Subject
I The despotic king had to finally relinquish his right to the throne when his subjects came to the streets and refused to accept him a...
Formative
A word/phrase has been given in the question and used in the sentences
below. Identify the statements where the word has been used in a cont...
DUMP
Select the option that can be used as a one-word substitute for the given group of words.
A group of three novels or plays, each complete in itself
Select the word which means the same as the group of words given.
Branch of physics dealing with the properties of sound
