Consider the following statements regarding banking and financial systems in India: Statement 1: The Reserve Bank-Integrated Ombudsman Scheme (RB-IOS) provides a single point of reference for resolving consumer complaints across banks, NBFCs, and payment system participants. Statement 2: The RBI framework for green deposits requires banks to maintain a dedicated ledger and provide third-party verification for the allocation of funds toward sustainable projects. Statement 3: Buy Now Pay Later (BNPL) services typically allow consumers to split purchases into interest-free installments, leveraging alternative data sources for real-time credit underwriting. Statement 4: Consumer safety provisions utilize biometric authentication for high-value transactions, integrating secure protocols across nationwide financial verification systems. Statement 5: Digital Banking Units (DBUs) are specialized fixed-point business hubs designed to provide a comprehensive range of self-service digital banking services. Which of the following describes the validity of these statements?

Question

Accepted Answer

All statements are correct.

Answer

Only Statements 1, 3, 5, and 6 are correct.

Answer

Only Statements 2, 3, 4, and 5 are correct.

Answer

Only Statements 1, 2, 4, and 5 are correct.

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