Question

Why was the Reserve Bank-Integrated Ombudsman Scheme, 2021

Q: Answer-Why was the Reserve Bank-Integrated Ombudsman Scheme, 2021 renamed in Hindi?

The RBI renamed the Reserve Bank-Integrated Ombudsman Scheme, 2021, in Hindi because the term लोकपाल conflicted with the Lokpal and Lokayuktas Act, 2013.

renamed in Hindi?

A The term conflicted with the Lokpal and Lokayuktas Act, 2013

B The RBI wanted to simplify the name for better public understanding

C The Government of India directed RBI to change the scheme’s structure

D The Supreme Court ruled against the previous name

E The Lokayuktas objected to the use of the term

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Why was the Reserve Bank-Integrated Ombudsman Scheme, 2021

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