Question
What is the maximum compensation amount the RBI
Ombudsman can award for consequential loss under the Ombudsman Scheme effective July 1, 2026?Solution
Under the Ombudsman Scheme coming into force on July 1, 2026, the RBI Ombudsman can award up to ₹30 lakh as compensation for consequential loss suffered by the complainant. This is distinct from the ₹3 lakh compensation cap for time loss and mental anguish.
Amit and Binod receive Rs.1400 for work of 7 days. If Amit is 4 times efficient than Binod, then find the daily wage received by Binod.
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If 3 men can finish a task in 4 days, and 4 women can complete the same task in 9 days, how many days will it take for a team of 2 men and 6 women worki...
A can copy 70 pages in 25 hours, A and B together can copy 135 pages in 25 hours. Then in how many hours B can copy 10 pages.
25% of the work done by Arjun in 6 days equals 50% of the work done by Karan in 3 days. If Arjun alone finishes the full work in 24 days, find the time ...
There are three content creators, 'P,' 'Q,' and 'R.' Creator 'P' can produce 32 short videos in 8 minutes, creator 'Q' takes 6 minutes to create 36 shor...
'B' can complete a task in 15 days, and when 'A' and 'B' collaborate, they can finish the same task in 8 days. 'A' initiated the work alone and worked f...
Anjali,' 'Bheem,' and 'Chetna' started a business together with initial investments of Rs. 3,875, Rs. (B + 2700), and Rs. 'B,' respectively. After 16 mo...
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