46. What is the maximum time period within which the Banking Ombudsman has to pass an award?
a) 30 days
b) 60 days
c) 90 days
d) 120 days
47. The jurisdiction of a Banking Ombudsman in India covers:
a) Complaints relating to deficiencies in banking services only
b) Complaints arising out of credit card operations only
c) Complaints relating to digital banking services only
d) All of the above
48. Which authority appoints the Banking Ombudsman in India?
a) Ministry of Finance
c) Supreme Court of India
d) Indian Banks’ Association
49. What is the maximum compensation that can be awarded by the Banking Ombudsman for loss of time, expenses, and mental agony?
a) Rs. 5,000
b) Rs. 10,000
c) Rs. 25,000
d) Rs. 50,000
50. Under the Banking Ombudsman Scheme, the period for filing an appeal against the Ombudsman’s decision is:
a) 30 days
b) 60 days
c) 90 days
d) 120 days
