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?

A I
B II
C III
D All are correct
E None of the above
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