I. Banking Ombudsman is a quasi-judicial authority having powers to summon, the banks and the customers both in case of dispute. |
II. The Banking Ombudsman are appointed by the President of India and are retired judges of the High or Supreme Courts. |
III. The decisions/judgements given by the Banking Ombudsman cannot be taken to any court of justice as their decisions are last in case of bank related problems disputes. |
A) Only I
B) Only II
C) Only III
D) All of these
E) None of these
Correct Answer: C
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