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      Question

      What are Scheduled

      Banks?
      A Banks included in the 2nd schedule of the Reserve Bank of India Act – 1934 Correct Answer Incorrect Answer
      B Banks included in the 2nd schedule of the Banking Regulation Act 1949 Correct Answer Incorrect Answer
      C Banks included in the 2nd schedule of the Companies Act 1956 Correct Answer Incorrect Answer
      D Banks included in the 2nd schedule of the Bank Nationalization Act – 1969 Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      A scheduled bank, in India, refers to a bank which is listed in the 2nd Schedule of the Reserve Bank of India Act, 1934. Banks not under this Schedule are called non-scheduled banks. Scheduled banks are usually private, foreign and nationalized banks operating in India.

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