wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Byju's Answer
Standard XI
Business Studies
Traditional Business vs eBusiness
Which of the ...
Question

Which of the following was the reason Reserve Bank of India Drafted circular for Public comments on “Limited Liability” for customers?

A
Frauds in Internet Banking and Card transactions
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
B
Misbehaviour of Customers in Banking
No worries! We‘ve got your back. Try BYJU‘S free classes today!
C
Fraudulent in availing Loans
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
Wrong declaration of Information
No worries! We‘ve got your back. Try BYJU‘S free classes today!
E
Unnecessary collection of penalties by the banks
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution

The correct option is A Frauds in Internet Banking and Card transactions
RBI had come up with a Draft Circular for public comments on “Limited Liability” for customers in case of frauds in Internet Banking and Card transactions.

flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Consumer Side and Business Side of e-Business
BUSINESS STUDIES
Watch in App
explore_more_icon
Explore more
Traditional Business vs eBusiness
Standard XI Business Studies
Join BYJU'S Learning Program
book_image
AI Tutor
book_image
Textbooks
book_image
Question Papers
book_image
Install app
CrossIcon