NP

NISM Series X-A

Investment Adviser (Level 1)

X-A chapters / Module 6: Operations, Regulatory Environment, Compliance and Ethics

Chapter 20. Grievance Redress Mechanism

Grievance redress across financial sectors: investment advisers and capital markets (SCORES 2.0, ODR), banking ombudsman, insurance and pension redress, and SAT appeals.

Total watch time 17 min · Hindi audio

Key topics

  • Consumer Protection Act and features of a good grievance system
  • IA and capital-market redress: SCORES 2.0 and ODR
  • Banking: BCSBI and RBI Integrated Ombudsman Scheme 2026
  • Insurance Ombudsman and IGMS
  • NPS and pension-scheme redress
  • Securities Appellate Tribunal and other forums

Chapter test

25 multiple-choice questions with explanations. Score 60% or more to complete this chapter.

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Practice questions are based on the NISM Series X-A workbook (February 2025), updated for later SEBI/RBI changes up to November 2026. Always check the latest NISM syllabus before your exam. Video lessons on YouTube ↗