Direction: In the question given below, a passage is given followed by some statements. Read the passage and answer the questions that follow.

According to the notification issued by the RBI, the rules have been changed by the Central (RBI) on the complaint of the customers taking lockers in the bank. Customers frequently keep reporting thefts from bank lockers. Such customers seldom receive an acceptable resolution for the stolen products, despite their best efforts. But now in case of any untoward incident with the goods kept in the locker, the concerned bank will compensate the customer up to 100 times the locker rent. In the order given by RBI, it was said that banks will have to put the list of empty lockers, and waiting list numbers for the locker on the display. On accessing the locker, an alert will be given to you through e-mail and SMS through the bank. Banks have the right to take the locker rent for a maximum period of three years at a time. If the locker rent is Rs 2000, then the bank cannot charge you more than Rs 6000, excluding other maintenance charges. Every person entering the locker room and bank staff are required to be monitored by CCTV cameras. Apart from this, the bank will have to keep 180 days (6 months) of CCTV footage safe. The police will be able to investigate with the help of CCTV footage in case of theft or any other mishap.

Which of the following statement contradicts the above notification and rules issued by RBI?

I). There will be more transparency in the locker system.

II). Banks will still get away from the theft incident by saying that he is not responsible in any way.

III). Customers will be safeguarded against fraud.

IV). The safety and convenience of the customers will be overlooked.

1
Only I
2
Only I and III
3
All except II.
4
Only II and IV
5
Only III.

Sponsored

hivanix.in

Visit

This quiz is brought to you by hivanix.in

🌐 Web App Development

Quick Navigation