Question Description
What is true of RBI's direction on 'Customer Protection — Limiting Liability of Customer's in unauthorised electronic Banking Transactions?I. If the customers report to the banks regarding the loss they suffer through online banking transactions within three days then the amount involved will be credited to their accounts within a time period of 10 days.II. There will be 'zero liability of a customer' in case of third party breach where the deficiency lies neither with the bank nor with the customer but elsewhere in the system.III. In cases of customer reporting the third party fraud with a delay of four to seven working days, then the liability of customer in such cases would be upto Rs. 50,000.a)I, II, III are correctb)II and III are correctc)I and II are correctd)I and III are correctCorrect answer is option 'C'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about What is true of RBI's direction on 'Customer Protection — Limiting Liability of Customer's in unauthorised electronic Banking Transactions?I. If the customers report to the banks regarding the loss they suffer through online banking transactions within three days then the amount involved will be credited to their accounts within a time period of 10 days.II. There will be 'zero liability of a customer' in case of third party breach where the deficiency lies neither with the bank nor with the customer but elsewhere in the system.III. In cases of customer reporting the third party fraud with a delay of four to seven working days, then the liability of customer in such cases would be upto Rs. 50,000.a)I, II, III are correctb)II and III are correctc)I and II are correctd)I and III are correctCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is true of RBI's direction on 'Customer Protection — Limiting Liability of Customer's in unauthorised electronic Banking Transactions?I. If the customers report to the banks regarding the loss they suffer through online banking transactions within three days then the amount involved will be credited to their accounts within a time period of 10 days.II. There will be 'zero liability of a customer' in case of third party breach where the deficiency lies neither with the bank nor with the customer but elsewhere in the system.III. In cases of customer reporting the third party fraud with a delay of four to seven working days, then the liability of customer in such cases would be upto Rs. 50,000.a)I, II, III are correctb)II and III are correctc)I and II are correctd)I and III are correctCorrect answer is option 'C'. Can you explain this answer?.

Solutions for What is true of RBI's direction on 'Customer Protection — Limiting Liability of Customer's in unauthorised electronic Banking Transactions?I. If the customers report to the banks regarding the loss they suffer through online banking transactions within three days then the amount involved will be credited to their accounts within a time period of 10 days.II. There will be 'zero liability of a customer' in case of third party breach where the deficiency lies neither with the bank nor with the customer but elsewhere in the system.III. In cases of customer reporting the third party fraud with a delay of four to seven working days, then the liability of customer in such cases would be upto Rs. 50,000.a)I, II, III are correctb)II and III are correctc)I and II are correctd)I and III are correctCorrect answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for UPSC. Download more important topics, notes, lectures and mock test series for UPSC Exam by signing up for free.

Here you can find the meaning of What is true of RBI's direction on 'Customer Protection — Limiting Liability of Customer's in unauthorised electronic Banking Transactions?I. If the customers report to the banks regarding the loss they suffer through online banking transactions within three days then the amount involved will be credited to their accounts within a time period of 10 days.II. There will be 'zero liability of a customer' in case of third party breach where the deficiency lies neither with the bank nor with the customer but elsewhere in the system.III. In cases of customer reporting the third party fraud with a delay of four to seven working days, then the liability of customer in such cases would be upto Rs. 50,000.a)I, II, III are correctb)II and III are correctc)I and II are correctd)I and III are correctCorrect answer is option 'C'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of What is true of RBI's direction on 'Customer Protection — Limiting Liability of Customer's in unauthorised electronic Banking Transactions?I. If the customers report to the banks regarding the loss they suffer through online banking transactions within three days then the amount involved will be credited to their accounts within a time period of 10 days.II. There will be 'zero liability of a customer' in case of third party breach where the deficiency lies neither with the bank nor with the customer but elsewhere in the system.III. In cases of customer reporting the third party fraud with a delay of four to seven working days, then the liability of customer in such cases would be upto Rs. 50,000.a)I, II, III are correctb)II and III are correctc)I and II are correctd)I and III are correctCorrect answer is option 'C'. Can you explain this answer?, a detailed solution for What is true of RBI's direction on 'Customer Protection — Limiting Liability of Customer's in unauthorised electronic Banking Transactions?I. If the customers report to the banks regarding the loss they suffer through online banking transactions within three days then the amount involved will be credited to their accounts within a time period of 10 days.II. There will be 'zero liability of a customer' in case of third party breach where the deficiency lies neither with the bank nor with the customer but elsewhere in the system.III. In cases of customer reporting the third party fraud with a delay of four to seven working days, then the liability of customer in such cases would be upto Rs. 50,000.a)I, II, III are correctb)II and III are correctc)I and II are correctd)I and III are correctCorrect answer is option 'C'. Can you explain this answer? has been provided alongside types of What is true of RBI's direction on 'Customer Protection — Limiting Liability of Customer's in unauthorised electronic Banking Transactions?I. If the customers report to the banks regarding the loss they suffer through online banking transactions within three days then the amount involved will be credited to their accounts within a time period of 10 days.II. There will be 'zero liability of a customer' in case of third party breach where the deficiency lies neither with the bank nor with the customer but elsewhere in the system.III. In cases of customer reporting the third party fraud with a delay of four to seven working days, then the liability of customer in such cases would be upto Rs. 50,000.a)I, II, III are correctb)II and III are correctc)I and II are correctd)I and III are correctCorrect answer is option 'C'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice What is true of RBI's direction on 'Customer Protection — Limiting Liability of Customer's in unauthorised electronic Banking Transactions?I. If the customers report to the banks regarding the loss they suffer through online banking transactions within three days then the amount involved will be credited to their accounts within a time period of 10 days.II. There will be 'zero liability of a customer' in case of third party breach where the deficiency lies neither with the bank nor with the customer but elsewhere in the system.III. In cases of customer reporting the third party fraud with a delay of four to seven working days, then the liability of customer in such cases would be upto Rs. 50,000.a)I, II, III are correctb)II and III are correctc)I and II are correctd)I and III are correctCorrect answer is option 'C'. Can you explain this answer? tests, examples and also practice UPSC tests.