Question
What is the primary objective of the Banking Ombudsman
Scheme introduced by the RBI?Solution
The Banking Ombudsman Scheme was introduced by the Reserve Bank of India (RBI) in 1995 under the Banking Regulation Act, 1949. Its objective is to offer a quick, cost-effective resolution for complaints regarding banking services. The scheme simplifies the grievance redress process by providing a centralized mechanism for customers to register complaints, aiming for a speedy and satisfactory resolution. The Banking Ombudsman, appointed by the RBI, handles complaints through settlement or by issuing an award. The scheme has been revised multiple times, with the latest revision in 2017.
OUTLANDISH
Identify the highlighted part of speech, choose the correct answer
The student procrastinated too long and failed to finish the projectÂ
...From the options given below, select the option which states the correct combination of correct sentences.
- The fact is...
Most children remain ______ school between the age of seven and ten.
The satellite is functioning very well (A)/ and in another four days till now, (B)/ it will be placed into their (C)/ specified slot in the Geo-Synchron...
Select the statement that can logically complete the paragraph given below.
  That human beings often continue to pour money into bad project...
"An interview after the campaign ends (is the normal) for every candidate and every campaigner in every election," he said.
(As soon after the players arrived) in decorated cars, the ceremony began with traditional African drummers and dancers blowing conch shells.
Select the correctly punctuated sentence from the options below.
As a result of the unrellenting focus (A)/ on the anguished knocks (B)/ at the doors of the highest court, (C)/ the other inadequacies of the system (D)...
