{"id":32782,"date":"2024-04-15T09:06:44","date_gmt":"2024-04-15T09:06:44","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=32782"},"modified":"2024-04-15T09:06:44","modified_gmt":"2024-04-15T09:06:44","slug":"banking-ombudsman-scheme-is-applicable-to-the-business-of","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/banking-ombudsman-scheme-is-applicable-to-the-business-of\/","title":{"rendered":"Banking Ombudsman Scheme is applicable to the business of:"},"content":{"rendered":"<p>\r\n    <!-- Check if it's an AMP page -->\r\n            <!-- Non-AMP version -->\r\n        <div class=\"mcq-container\" data-quiz-id=\"quizState_6a98ac542e4c1\">\r\n                                            <div class=\"option\" data-option-key=\"option1\" data-is-correct=\"false\">\r\n                    All scheduled commercial banks excluding RRBs                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option2\" data-is-correct=\"true\">\r\n                    All scheduled commercial banks including RRBs                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option3\" data-is-correct=\"false\">\r\n                    Only Public Sector Banks                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option4\" data-is-correct=\"false\">\r\n                    Only Private Sector Banks                <\/div>\r\n                            \r\n            <!-- Feedback messages for non-AMP -->\r\n            <div class=\"feedback\" data-feedback=\"wrong\">Answer is Right!<\/div>\r\n            <div class=\"feedback\" data-feedback=\"right\">Answer is Wrong!<\/div>\r\n        <\/div>\r\n\r\n        <script>\r\n        document.addEventListener('DOMContentLoaded', function () {\r\n            var containers = document.querySelectorAll('.mcq-container');\r\n\r\n            containers.forEach(function(container) {\r\n                var options = container.querySelectorAll('.option');\r\n                var feedbackSelect = container.querySelector('[data-feedback=\"select\"]');\r\n                var feedbackWrong = container.querySelector('[data-feedback=\"wrong\"]');\r\n                var feedbackRight = container.querySelector('[data-feedback=\"right\"]');\r\n\r\n                options.forEach(function(option) {\r\n                    option.addEventListener('click', function() {\r\n                        var selectedOption = option.getAttribute('data-option-key');\r\n                        var isCorrect = option.getAttribute('data-is-correct') === 'true';\r\n\r\n                        \/\/ Remove previous selections\r\n                        options.forEach(function(opt) {\r\n                            opt.classList.remove('correct', 'incorrect');\r\n                        });\r\n\r\n                        \/\/ Add the correct\/incorrect class\r\n                        if (isCorrect) {\r\n                            option.classList.add('correct');\r\n                            feedbackRight.hidden = false;\r\n                            feedbackWrong.hidden = true;\r\n                        } else {\r\n                            option.classList.add('incorrect');\r\n                            feedbackRight.hidden = true;\r\n                            feedbackWrong.hidden = false;\r\n                        }\r\n\r\n                        \/\/ Hide select feedback\r\n                        feedbackSelect.hidden = true;\r\n                    });\r\n                });\r\n            });\r\n        });\r\n        <\/script>\r\n    \r\n    <!--more--><\/p>\n<p>The correct answer is: B. All scheduled commercial banks including RRBs.<\/p>\n<p>The Banking Ombudsman Scheme is a scheme that was introduced by the Reserve Bank of India in 1993 to provide a mechanism for redressal of grievances of customers of banks. The scheme is applicable to all scheduled commercial banks, including Regional Rural Banks (RRBs).<\/p>\n<p>The Banking Ombudsman is an independent authority who is appointed by the Reserve Bank of India to hear and decide complaints of customers of banks. The Ombudsman has the power to award compensation to customers who have been wronged by banks.<\/p>\n<p>The Banking Ombudsman Scheme is a very important scheme for the protection of the <div class=\"youtube-subscribe-container\">\r\n        <a href=\"https:\/\/www.youtube.com\/channel\/UCNHT8lW-JmLC68rjBfZhdkg?sub_confirmation=1\" target=\"_blank\" class=\"youtube-subscribe-button\">\r\n            <span class=\"youtube-icon\">\r\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 576 512\">\r\n                    <path d=\"M549.7 124.1c-6.3-23.7-24.8-42.3-48.3-48.6C458.8 64 288 64 288 64S117.2 64 74.6 75.5c-23.5 6.3-42 24.9-48.3 48.6-11.4 42.9-11.4 132.3-11.4 132.3s0 89.4 11.4 132.3c6.3 23.7 24.8 41.5 48.3 47.8C117.2 448 288 448 288 448s170.8 0 213.4-11.5c23.5-6.3 42-24.2 48.3-47.8 11.4-42.9 11.4-132.3 11.4-132.3s0-89.4-11.4-132.3zm-317.5 213.5V175.2l142.7 81.2-142.7 81.2z\"\/>\r\n                <\/svg>\r\n            <\/span>\r\n            Subscribe on YouTube\r\n        <\/a>\r\n    <\/div> interests of customers of banks. The scheme has been very successful in resolving complaints of customers and has helped to improve the customer service of banks.<\/p>\n<p>Here is a brief explanation of each option:<\/p>\n<ul>\n<li>Option A: All scheduled commercial <div class=\"telegram-channel-container\">\r\n        <a href=\"https:\/\/t.me\/pscnotes2025\" target=\"_blank\" class=\"telegram-channel-button\">\r\n            <span class=\"telegram-icon\">\r\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 496 512\">\r\n                    <path fill=\"white\" d=\"M248,8C111,8,0,119,0,256s111,248,248,248s248-111,248-248S385,8,248,8z M362,177L320,367c-3,14-10,18-20,14l-56-41l-27,26 c-3,3-5,5-10,5l4-63L323,196c5-5-1-7-8-3l-98,62l-42-13c-9-3-10-9,2-14l162-63C351,160,365,164,362,177z\"\/>\r\n                <\/svg>\r\n            <\/span>\r\n            Join Our Telegram Channel\r\n        <\/a>\r\n    <\/div> banks excluding RRBs. This option is incorrect because the Banking Ombudsman Scheme is applicable to all scheduled commercial banks, including RRBs.<\/li>\n<li>Option B: All scheduled commercial banks including RRBs. This option is correct because the Banking Ombudsman Scheme is applicable to all scheduled commercial banks, including RRBs.<\/li>\n<li>Option C: Only Public Sector Banks. This option is incorrect because the Banking Ombudsman Scheme is applicable to all scheduled commercial banks, including private sector banks.<\/li>\n<li>Option D: Only Private Sector Banks. This option is incorrect because the Banking Ombudsman Scheme is applicable to all scheduled commercial banks, including public sector banks.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Join Our Telegram Channel Subscribe on YouTube<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[699],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Banking Ombudsman Scheme is applicable to the business of:<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/banking-ombudsman-scheme-is-applicable-to-the-business-of\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta 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