Schedule banks are those banks which are included in the ………….
A)Second schedule of the Reserve Bank of India Act 1934
B)Third schedule of the Reserve Bank of India Act 1934
C)Fifth schedule of the Reserve Bank of India Act 1934
D)None of the above

Question

Quizplus · Accepted Answer

Scheduled banks are those banks that are listed in the Second Schedule of the Reserve Bank of India Act, 1934. This listing provides these banks with the eligibility to avail loans on bank rate from the RBI, among other facilities.

Schedule Banks Are Those Banks Which Are Included in the …………