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      Question

      In which year was the Reserve Bank - Integrated

      Ombudsman Scheme (RB-IOS) launched, and what is the maximum compensation limit for loss suffered? 
      A 2019; ₹10 Lakh Correct Answer Incorrect Answer
      B 2021; ₹20 Lakh Correct Answer Incorrect Answer
      C 2022; ₹25 Lakh Correct Answer Incorrect Answer
      D 2023; ₹30 Lakh Correct Answer Incorrect Answer
      E 2020; ₹15 Lakh Correct Answer Incorrect Answer

      Solution

      The RB-IOS was launched in November 2021. The Ombudsman has the power to award compensation up to ₹20 lakh for the actual loss suffered by the complainant.

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