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<html><body><h2 id="content-id-9072438516-2"><b>Current Affairs Questions Overview</b></h2><p>Current Affairs Questions have a good weightage in the Ssc Cgl Exam and the type of question asked in Ssc Cgl exam is similar to the question mentioned below. It has been solved and explained by KD Live Experts under the guidance of Neetu Mam and they have tried to elaborate the concept used in Current Affairs Questions.</p><h2 id="content-id-7918046253-3"><b>Question On Current Affairs </b></h2>The Reserve Bank of India issued the Reserve Bank – Integrated Ombudsman Scheme (RB-IOS), 2026 to strengthen and simplify the grievance redress mechanism for customers of regulated financial entities. 
Consider the following statements regarding RB-IOS 2026:
Statement 1: RB-IOS 2026 supersedes the Reserve Bank – Integrated Ombudsman Scheme, 2021 and will come into effect from 1 April 2026. 
Statement 2: The Scheme applies to all Commercial Banks, Regional Rural Banks, Co-operative Banks, eligible NBFCs with customer interface or deposit acceptance, Non-bank PPI Issuers, and Credit Information Companies.
Statement 3: Under RB-IOS 2026, there is no limit on the dispute amount, and the RBI Ombudsman can award compensation up to â&#130;¹30 lakh for consequential loss. 

Which of the statements given above is/are correct?
<div class="row show--dificulty--bar" style="margin-top:8px;"><div class="col-sm-6 show--dificulty--bar" style="display:inline-flex !important;border-right:0.1px solid #eee;"><h3 style="font-size:12px !important;">Difficulty : Easy </h3></div><div class="col-sm-6 show--dificulty--bar" style="display:inline-flex;"><h3 style="font-size:12px !important;"> Average Time : 57 Seconds </h3></div></div><h2 id="content-id-6912837540-4"><b> Current Affairs Questions Options</b></h2><ol><li><p>Statement 1 only</p>
</li><li><p>Statements 1 and 2 only</p>
</li><li><p>Statements 2 and 3 only</p>
</li><li><p>Statements 1 and 3 only</p>
</li><li><p>Statements 1, 2 and 3</p>
</li></ol> <h2 id="content-id-3814760295-5"><b> Current Affairs Questions Solution</b></h2><p>The correct answer is <strong>Option 3 </strong>i.e.<strong> Statements 2 and 3 only.</strong></p>

<p>The Reserve Bank of India (RBI) has introduced the <strong>Reserve Bank – Integrated Ombudsman Scheme (RB-IOS) 2026</strong>, a revamped grievance redressal framework aimed at making complaint resolution easier and more streamlined for customers of banks and financial institutions.</p>

<p>The RB-IOS 2026 replaces the earlier Reserve Bank – Integrated Ombudsman Scheme, 2021 and will take effect from July 1, 2026.</p>

<p><strong>Coverage of the Scheme</strong></p>

<p>The Scheme will apply to services offered by the following regulated entities:</p>

<ul>
	<li>
	<p>All Commercial Banks, Regional Rural Banks (RRBs), State Co-operative Banks, Central Co-operative Banks, Scheduled Primary (Urban) Co-operative Banks, and Non-Scheduled Primary Urban Co-operative Banks with deposit size of â&#130;¹50 crore or more, based on the audited balance sheet of the previous financial year.</p>
	</li>
	<li>
	<p>All Non-Banking Financial Companies (NBFCs)—excluding Housing Finance Companies, Core Investment Companies, Infrastructure Debt Fund-NBFCs, NBFC–Infrastructure Finance Companies, Non-Operative Financial Holding Companies, Primary Dealers, and Mortgage Guarantee Companies—provided they are either deposit-taking entities or have customer interface with asset size of â&#130;¹100 crore or more, as per the latest audited balance sheet.</p>
	</li>
	<li>
	<p>All Non-bank Prepaid Payment Instrument (PPI) Issuers.</p>
	</li>
	<li>
	<p>Credit Information Companies.</p>
	</li>
</ul>

<p><strong>Key Features</strong></p>

<ul>
	<li>
	<p>There is no cap on the disputed amount that can be brought before the RBI Ombudsman. The Ombudsman or Deputy Ombudsman can attempt settlement or pass an award regardless of the claim size.</p>
	</li>
	<li>
	<p>The maximum compensation for consequential loss has been increased to â&#130;¹30 lakh, up from â&#130;¹20 lakh earlier.</p>
	</li>
	<li>
	<p>Additionally, compensation of up to â&#130;¹3 lakh (earlier â&#130;¹1 lakh) may be granted for loss of time, expenses incurred, harassment, or mental distress suffered by the complainant.</p>
	</li>
	<li>
	<p>The RBI will set up a Centralised Receipt and Processing Centre (CRPC) at one or more locations to receive and process complaints under the Scheme.</p>
	</li>
	<li>
	<p>The RBI may appoint one or more of its officers as RBI Ombudsman and Deputy Ombudsman to discharge responsibilities under the Scheme. Such appointments will generally be for a term of three years at a time.</p>
	</li>
</ul>
<h2 id="content-id-7583914620-6"><b> Current Affairs Questions Tips and Tricks</b></h2><img loading="lazy" src="https://study.kdcampus.live/questions-blog-pdf/Current_Affairs_Questions_Tips_and_Tricks.png" alt="Current Affairs Questions Tips and Tricks" height="260" width="480"><ol><li>Try to solve Current Affairs Questions without taking any help from the solutions.</li><li>Current Affairs Questions require proper usage of concept so firstly read the question thoroughly and then use the right concept. </li><li>In case you're not able to solve the question in less than 30 seconds in the exam then you should skip the question and move to the next question.</li></ol><h3><b>Daily Current Affairs </b></h3><img loading="lazy" src="https://study.kdcampus.live/questions-blog-pdf/Daily_Current_Affairs.png" alt="Daily Current Affairs" height="260" width="480"><p>KD Live is providing Current Affairs on a daily basis for SSC and a current affairs quiz too for the practice. 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The correct answer is Option 3 i.e. Stat - Current Affairs Questions are asked in Ssc Cgl exams and your question has been explained by experts like Neetu Mam.

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