Q. The Banking Ombudsman Scheme was introduced under which of the following acts?
Answer: Banking Regulation Act , 1949
Notes: The Banking Ombudsman Scheme was introduced under the Banking Regulation Act, 1949. This act provides the framework for the regulation of banks in India and was amended to include the Banking Ombudsman Scheme in 2006, aimed at addressing customer complaints and grievances against banks. The scheme enhances consumer protection in the banking sector.