Question

Which of the following schemes was formulated by the RBI?

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

Answer 1

Answer: (C)

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.