Q.  For redressal of complaints against non-banking financial companies (NBFCs), the Reserve Bank of India (RBI) launched the ‘Ombudsman Scheme’ for NBFCs. In this respect, a complainant can appeal to ombudsman only if she had not received any reply within a period of _________ after the NBFC received her representation.

Q.  For redressal of complaints against non-banking financial companies (NBFCs), the Reserve Bank of India (RBI) launched the 'Ombudsman Scheme' for NBFCs. In this respect, a complainant can appeal to ombudsman only if she had not received any reply within a period of _________ after the NBFC received her representation. A. fifteen days B. six weeks … Continue reading Q.  For redressal of complaints against non-banking financial companies (NBFCs), the Reserve Bank of India (RBI) launched the ‘Ombudsman Scheme’ for NBFCs. In this respect, a complainant can appeal to ombudsman only if she had not received any reply within a period of _________ after the NBFC received her representation.

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Q. Which of the following agencies is associated with the business of mutual fund sector as a regulator? 

Answer: C. SEBI The business of Mutual Funds in India is regulated by the Securities & Exchange Board of India (SEBI). SEBI (Mutual Funds) Regulations, 1996 and certain other guidelines have been issued by SEBI that sets uniform standards for all mutual funds in India.  Mutual funds, either promoted by public or by private sector … Continue reading Q. Which of the following agencies is associated with the business of mutual fund sector as a regulator? 

RBI issued new 500 and 2000 rupee note

After the Prime Minister Narendra Modi made the  old 500 and 1000 Indian currency  notes illegal in an announcement on 8th November 2016, Reserve Bank of India, India's central banking institution, which controls the monetary policy of the Indian rupee, released the details of the new currency note of Rs. 500 and Rs. 2000. Salient … Continue reading RBI issued new 500 and 2000 rupee note