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Banking Awareness Test 68
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Banking Awareness Test 68
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  • Question 1/10
    1 / -0

    National Housing Bank (NHB), a wholly owned subsidiary of the central bank, was established in 1988 under the _________

    Solutions

    National Housing Bank (NHB), a wholly owned subsidiary of the central bank, was established in 1988 under the National Housing Bank Act, 1987.

     

  • Question 2/10
    1 / -0

    National Housing Bank (NHB), is an apex financial institution for housing, having headquarters in ______

    Solutions

    National Housing Bank (NHB), a wholly owned subsidiary of RBI, was set up by an Act of Parliament in 1987 having headquarters in New Delhi.

     

  • Question 3/10
    1 / -0

    The Banking Ombudsman Scheme was introduced under __________ of the Banking Regulation Act, 1949 by RBI with effect from 1995.

    Solutions

    The Banking Ombudsman Scheme was introduced under Section 35 A of the Banking Regulation Act, 1949 by RBI with effect from 1995.

     

  • Question 4/10
    1 / -0

    Which of the following is/are covered under the Banking Ombudsman Scheme, 2006?

    Solutions

    All Scheduled Commercial Banks, Regional Rural Banks and Scheduled Primary Co-operative Banks are covered under the the Banking Ombudsman Scheme, 2006.

     

  • Question 5/10
    1 / -0

    The Banking Ombudsman is a senior official appointed by the ___________

    Solutions

    The Banking Ombudsman is a senior official appointed by the Reserve Bank of India to redress customer complaints against deficiency in certain banking services.

     

  • Question 6/10
    1 / -0

    How many Banking Ombudsmen have been appointed?

    Solutions

    Fifteen Banking Ombudsmen have been appointed with their offices located mostly in state capitals.

     

  • Question 7/10
    1 / -0

    What is the maximum amount of compensation under Banking Ombudsman scheme 2006?

    Solutions

    The amount, if any, to be paid by the bank to the complainant by way of compensation for any loss suffered by the complainant is limited to the amount of Rs 10 lakh.

     

  • Question 8/10
    1 / -0

    Any person can file a complaint before the the Banking Ombudsman, if the reply is not received from the bank within a period of _________

    Solutions

    One can file a complaint before the Banking Ombudsman if the reply is not received from the bank within a period of one month.

     

  • Question 9/10
    1 / -0

    How much amount to be charged by the Banking Ombudsman for filing and resolving customers’ complaints?

    Solutions

    The Banking Ombudsman does not charge any fee for filing and resolving customers’ complaints.

     

  • Question 10/10
    1 / -0

    The Indian Banks’ Association (IBA) is an association of Indian banks and financial institutions having headquarters in ________

    Solutions

    Indian Banks’ Association (IBA), formed in 1946 as a representative body of management of banking in India. It is head-quartered in Mumbai. IBA is managed by a managing committee, and the current managing committee consists of one chairman, 3 deputy chairman, 1 honorary secretary and 26 members.

     

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