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      Question

      A scheduled commercial bank is one -

      A Included in the Banking Regulation Act, 194 Correct Answer Incorrect Answer
      B Included in the Second Schedule of the RBI Act 1934 Correct Answer Incorrect Answer
      C Given a banking licence by RBI Correct Answer Incorrect Answer
      D All three above Correct Answer Incorrect Answer
      E None of the above Correct Answer Incorrect Answer

      Solution

      A scheduled bank 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 nationalised banks operating in India.

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