RRB Officer Scale-2 & RRB PO FA Classes

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Banking Ombudsman & National Income MCQs

TOPICWISE MCQS DISCUSSION

Q.1. Banking Ombudsman Scheme was operative from which year?

a. 1995

b. 2002

c. 2006

d. 2019

Q.2. Which committee has recommended Banking Ombudsman?

a. Nagarajan

b. Rajeswar Rao

c. Usha Thorat

d. Suneeta Verma

Q.3. Which of the following appoint Banking Ombudsman Officer?

a. SEBI

b. GoI

c. Concerned Bank

d. RBI

Q.4. How many Banking Ombudsman Office in India?

a. 15

b. 22

c. 23

d. 25

Q.5 How much time a complainant has to give his Bank before

complaining in Banking Ombudsman?

a. 1 year

b. 30 days

c. 3 months

d. 90 days

Q.6 A complainant has to file his complain within ___ year/years in

Banking Ombudsman.

a. 1

b. 2

c. 3

d. 4

Q.7. What is the maximum compensation which a Banking

Ombudsman can help a complainant?

a. 10 lakh

b. 15 lakh

c. 20 lakh

d. 25 lakh

Q.8. Within what time does Banking Ombudsman has to give his

decision?

a. 15 days

b. 30 days

c. 45 days

d. 60 days

Q.9. What is the maximum compensation which a Banking

Ombudsman can help a complainant incase of Credit Card & Mental

Harassment?

a. 1 lakh

b. 1.5 lakh

c. 2.0 lakh

d. 2.5 lakh

Q.10. Which is the apex point in Banking Ombudsman?

a. Governor of RBI

b. High Court

c. Deputy Governor of RBI

d. DGM of RBI

Q.11. Within _____ , a complainant can file his complain against

Banking Ombudsman?

a. 15 days

b. 30 days

c. 45 days

d. 60 days

Q.12. Which are the banks that are covered under BO Scheme 2006?

a. Schedule Commercial bank

b. Schedule Primary Cooperative Bank

c. RRB

d. All of the above

Q.12. National Income is the total value of all ______ produced in a

Financial year.

a. Goods

b. Services

c. Both a & b

d. None of these

Q.13. National Income is calculated by

a. Finance Ministry

b. CSO

c. CAG

d. None of these

Q.14. What is the name of annual report of NI?

a. National Income Statistics

b. National Income Report

c. Annual Income Report

d. National Account Statistics

Q.15. National Income was calculated by first time in which year?

a. 1848

b. 1858

c. 1868

d. 1878

Q.17. What is the difference between Gross & Net in NI?

a. Depreciation

b. NFIA

c. Subsidy

d. Net Indirect Tax

Q.18. What is the difference between National & Domestic in NI?

a. Depreciation

b. NFIA

c. Subsidy

d. Net Indirect Tax

Q.19. What is the difference between Market Price & Factor Cost in

NI?

a. Depreciation

b. NFIA

c. Subsidy

d. Net Indirect Tax

Q.20. GDP is a monetary value of all final Goods & services produced

in an economy within a ______ territory of a county in FY

a. Domestic

b. National

c. Both

d. None of these

Q.21. Per Capita Income

a. GNP/ Population

b. GDP/ Population

c. NDP / population

d. NNP/ Population

Q.22 Which of the following is the method of National Income?

a. Product Method

b. Consumption Method

c. Income Method

d. All of the above

Q.23 Which of the following is the consumption formula?

a. C + G + Import

b. C + I + Import – Export

c. C + I + G + (X-M)

d. C + I + (X-M)

Q.24 What is the formula of GDP Deflector?

a. Nominal GDP/ Real GDP

b. Real GDP/ Nominal GDP

c. DPI/ Real GDP

d. DPI/ Nominal GDP

Q.25 BOS was first notified under section ____ of the Banking

Regulation Act 1949.

a. 22 A

b. 28 A

c. 35 A

d. 24 A

Q.26 The Annual Report of BOS 2019-20 covered which of the

following?

a. BOS

b. Ombudsman Scheme for NBFCs

c. Ombudsman Scheme for Digital Insurance

d. All of the above

Q.27 Full form of CMS?

a. Capital Monetary System

b. Complaint Management System

c. Complaint Monetary System

d. Capital Management System

Q.28 in 2019, how many Ombudsman schemes are being merged and

integrated into a single scheme.

a. 2

b. 3

c. 4

d. 5

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