With reference to the Ombudsman Scheme for Non-Banking Financial Companies, 2018, consider the following statements.

1) The NBFC Ombudsman is appointed by the Reserve Bank of India.

2) The scheme does not cover NBFCs that are authorized to accept deposits.

Which of the above is/are correct?

With reference to Peer to Peer (P2P) lending, consider the following statements.

1) It enables individuals to borrow and lend money without any financial institution as an intermediary.

2) A hallmark of P2P lending is that it does not involve any collateral.

3) All P2P platforms are considered banking financial companies and regulated by the RBI.

Which of the above is/are correct?

Peer to Peer (P2P) lending is a

1) Form of crowd-funding

2) Does not carry any interest rate

3) Platform that can be used online

Select the correct answer using the codes below.

Consider the following about Indian Post Payments Bank (IPPB).

1) It will be a public-private venture partially owned by the Government of India via the Department of Posts (DoP).

2) It will focus on low-cost, low-risk, technology led solutions to extend access to formal banking.

3) All post offices across the country will function as customer access points for IPPB.

Select the correct answer using the codes below.

Consider the following statements.

Assertion (A): If all the account-holders of all commercial banks want their deposits back at the same time, the banks will not be satisfy all these obligations.

Reason (R): The total amount of deposits held by all commercial banks in the country is much larger than the total size of their reserves.

In the context of the above, which of these is correct?