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RBI Grade B Phase 1 PYP >> Sep 8, 2024 - Shift 1 >> General Awareness

Question :

According to the RBI Internal Ombudsman Scheme, what is the minimum asset size for a Non-Banking Financial Company - Non-Deposit taking (NBFC-ND) to be required to appoint an internal ombudsman?

1. ₹2,000 crore

2. ₹3,000 crore

3. ₹4,000 crore

4. ₹5,000 crore

5. ₹10,000 crore

Correct Answer : 4
Solution :

• The RBI Internal Ombudsman Scheme mandates that Non-Banking Financial Companies (NBFC-NDs) with an asset size of ₹5,000 crore or more must appoint an internal ombudsman.

• The appointment of an internal ombudsman is aimed at improving grievance redressal mechanisms and enhancing transparency in the functioning of these NBFCs.

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Record Breaking Results in 2024-25 🎉

Niranjan Jain

Niranjan Jain

Rank #1

SBI PO

▶
Amit Mandal

Amit Mandal

Rank #1

IBPS PO

▶
S B Tanay Gaurav

S B Tanay Gaurav

Rank #1

RBI Gr. B

▶
Shubham Agrawal

Shubham Agrawal

Rank #1

SSC CGL

▶
Manjot Singh

Manjot Singh

Rank #1

SSC CGL (JSO)

▶
Rohit Chadhar

Rohit Chadhar

Rank #1

SSC CHSL

▶
Shekhar Kumar

Shekhar Kumar

Rank #8

RBI Gr. B

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