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Banking & Finance MCQs - 2026-10-03

1.
What is the maximum compensation that can be awarded by the Ombudsman under the RBI's Integrated Ombudsman Scheme, 2021, for any loss suffered by the complainant, excluding compensation for mental agony and harassment?
A ₹10 lakh
B ₹15 lakh
C ₹20 lakh
D ₹25 lakh
2.
Under the RBI's Integrated Ombudsman Scheme, 2021, which of the following entities is NOT covered for grievance redressal?
A Scheduled Commercial Banks
B Non-deposit taking NBFCs with asset size below ₹50 crore
C Payment Banks
D Credit Information Companies
3.
Which scheme was introduced by the Reserve Bank of India (RBI) to integrate and enhance the customer grievance redressal mechanism across various regulated entities, effective from November 2021?
A Banking Ombudsman Scheme
B Financial Redressal Scheme
C Integrated Ombudsman Scheme
D Digital Transactions Grievance Scheme
4.
Which of the following entities is NOT eligible to promote a Small Finance Bank (SFB) under the RBI's current 'on-tap' licensing framework?
A Non-Banking Financial Companies (NBFCs)
B Payment Banks
C Large Industrial Houses
D Local Area Banks
5.
Under the RBI's current licensing framework for Small Finance Banks, what is the maximum period allowed for the promoter to reduce their shareholding to 26% of the paid-up voting equity capital?
A 5 years
B 10 years
C 12 years
D 15 years
6.
What is the minimum paid-up voting equity capital required for a new Small Finance Bank (SFB) under the current licensing framework introduced by the RBI?
A ₹100 crore
B ₹200 crore
C ₹500 crore
D ₹1000 crore
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