Multiple choice

Directions: Choose the correct option for the given question:

Who introduced the Banking Ombudsmen Scheme?

  1. ARBI

  2. SBI

  3. Ministry of Finance

  4. NABARD
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The Banking Ombudsman Scheme was introduced by the Reserve Bank of India (RBI). While option A says 'ARBI', this appears to be a typographical error for 'RBI'. RBI introduced this scheme in 1995 as part of its consumer protection mandate. SBI, Ministry of Finance, and NABARD do not introduce banking regulatory schemes.

Keep practicing — related questions