Multiple choice

Who introduced the Banking Ombusmen Scheme?

  1. Ministry of Finance

  2. NABARD

  3. RBI

  4. None
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The Banking Ombudsman Scheme was introduced by the Reserve Bank of India (RBI) in 2006 to provide a grievance redressal mechanism for banking customers. Option C is correct as RBI regulates the banking sector and introduced this consumer protection scheme. Neither the Ministry of Finance nor NABARD introduced this specific scheme.

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