Question
Consider the following statements about scheduled
banks. I. Banks that are listed under Schedule II of the Reserve Bank of India Act, 1934. II. The bank's paid-up capital and raised funds must be at least Rs. 5 lakh. III. These banks are liable for low interest loans from the RBI. Which statement is correct?Solution
- Bank credit grew by 10.09% to Rs 119.88 lakh crore and deposits by 10.06% to Rs 167.42 lakh crore in the fortnight ended on April 8, 2022.
- Bank advances stood at Rs 108.88 lakh crore and deposits at Rs 152.11 lakh crore, according to the RBI's Scheduled Banks' Statement of Position in India.
- In FY 2021-22, bank credit rose by 8.59% and deposit by 8.94%.
- Scheduled Banks Scheduled banks are those banks that are listed under Schedule II of the Reserve Bank of India Act, 1934. The bank's paid-up capital and raised funds must be at least Rs. 5 lakh to qualify as a scheduled bank. These banks are liable for low interest loans from the RBI.
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In the following question, four words are given, out of which only one word is correctly spelt. Find the correctly spelt word.
The political retoric of foreign aggression is backed up by very brisk policing at home.
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(a) Tariff (b) Tarriff
(c) Tarif (d) Tarrif
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Choose the correct spelling from the options given.
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