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Question

Which of the following schemes was formulated by the RBI?

A
Mahatma gandhi National rural employment guarantee scheme
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B
Rashtriya Swathya Bima Yojona
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C
Banking Ombudsman Scheme
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D
Jan Dhan Yojona
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Solution

The correct option is D Banking Ombudsman Scheme

Banking Ombudsman is a quasi judicial authority functioning under India’s Banking Ombudsman Scheme 2006, and the authority was created pursuant to a decision made by the Government of India to enable resolution of complaints of customers of banks relating to certain services rendered by the banks.


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