πŸ“’ Too many exams? Don’t know which one suits you best? Book Your Free Expert πŸ‘‰ call Now!

  • google app store apple app store
  • βœ–

      Question

      What structural limitation separates the power of the

      RBI Deputy Ombudsman from the principal RBI Ombudsman?
      A The Deputy Ombudsman can only handle disputes up to β‚Ή5 Lakhs. Correct Answer Incorrect Answer
      B The Deputy Ombudsman can only handle cases involving non-bank PPI issuers. Correct Answer Incorrect Answer
      C The Deputy Ombudsman has limited powers to close complaints that are non-maintainable or resolved via basic settlement clauses. Correct Answer Incorrect Answer
      D The Deputy Ombudsman cannot conduct oral hearings. Correct Answer Incorrect Answer
      E The Deputy Ombudsman is not an officer of the Reserve Bank of India. Correct Answer Incorrect Answer

      Solution

      While a full Ombudsman can issue contested financial awards across all domains, a Deputy Ombudsman's administrative powers are legally confined to closing cases that fail basic admissibility tests or are settled via simple mutual conciliation agreements.

      Practice Next
      More Risk Management in Banks Questions
      ask-question