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    Question

    The 'Banking Ombudsman' can pass an award for

    compensation for mental agony/harassment up to: 
    A ₹1 Lakh Correct Answer Incorrect Answer
    B ₹5 Lakh Correct Answer Incorrect Answer
    C ₹10 Lakh Correct Answer Incorrect Answer
    D ₹20 Lakh Correct Answer Incorrect Answer
    E No such provision Correct Answer Incorrect Answer

    Solution

    While the total compensation for loss is up to ₹20 Lakh, the specific limit for mental agony/harassment is capped at ₹1 Lakh.

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