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Q:

Which among the following statements is not true about the Banking Ombudsman (BO)?

  • 1
    BO was first setup in UK.
  • 2
    He hears customers ' complaints against banks
  • 3
    Tenure of BO is 3 years at a time.
  • 4
    RBI started this scheme in 1995.
  • 5
    None of these
  • Show Answer
  • Workspace

Answer : 4. "RBI started this scheme in 1995. "

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