MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Earn 100

A complaint that is made to Ombudsman should not relate to an issue: 
(a) already settled by Ombudsman 
(b) pending with a court 
(c) already decided by a court 
(d) where the limitation period has expired.

Which of the following options is correct?

100% studentsanswered this correctly

Important Questions on Banking Law and Practice

MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 12
In case of credit cards, the Ombudsman can order compensation, as part of the Award for actual loss max Rs.1 lac. (True /false)
MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 13
Ombudsman plays the role of Arbitrator while settling the customer complaint under Ombudsman scheme (true / false).
MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 14
Details of unimplemented awards (for more than 3 months) are to be placed before the Board of Directors of the bank. (True/ False)
MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 15
Ombudsman can allow additional compensation to a customer up to Rs.1 lac for expenses, mental agony etc (True / false):
MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 1
Which of the following is not correct with regard to financial jurisdiction of various consumer courts under the Consumer Protection Act:
EASY
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 2
The limitation period for appeal against the order of one consumer court to another consumer court under the Consumer Protection Act is:
MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 3
A consumer wants to appeal against the decision of National Commission under the Consumer Protection Act. Where the appeal could be made and within what time period?
MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 4
Under Consumer Protection Act, appeal against the decision of the lower forum to the higher forum/commission can be made. Which of the following is not correct?