New Register here for RBI, SEBI & NABARD strategy workshop! April 9 at 7 PM

    Question

    Why was the Reserve Bank-Integrated Ombudsman Scheme, 2021

    renamed in Hindi?
    A The term conflicted with the Lokpal and Lokayuktas Act, 2013 Correct Answer Incorrect Answer
    B The RBI wanted to simplify the name for better public understanding Correct Answer Incorrect Answer
    C The Government of India directed RBI to change the scheme’s structure Correct Answer Incorrect Answer
    D The Supreme Court ruled against the previous name Correct Answer Incorrect Answer
    E The Lokayuktas objected to the use of the term Correct Answer Incorrect Answer

    Solution

    The RBI renamed the Reserve Bank-Integrated Ombudsman Scheme, 2021, in Hindi because the term ‘लोकपाल’ conflicted with the Lokpal and Lokayuktas Act, 2013.

    Practice Next

    Relevant for Exams: