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      Question

      Under the RBI Ombudsman Scheme, what is the maximum

      compensation that can be awarded for consequential loss suffered by a complainant?┬а
      A тВ╣10 lakh Correct Answer Incorrect Answer
      B тВ╣20 lakh Correct Answer Incorrect Answer
      C тВ╣25 lakh Correct Answer Incorrect Answer
      D тВ╣30 lakh Correct Answer Incorrect Answer
      E тВ╣50 lakh Correct Answer Incorrect Answer

      Solution

      The RBI Ombudsman or Deputy Ombudsman is empowered to award compensation up to тВ╣30 lakh for any consequential loss suffered by a complainant due to deficiency in service by a regulated entity. This provision enhances consumer protection and accountability.┬а

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