📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    âš¡ Month End Offer - Flat 52% Off On All Courses! Enroll Now âš¡
    00:00:00 AM Left

    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.

    Practice Next
    More Banking System in India Questions

    Relevant for Exams:

    ask-question