BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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II Schedule of Banking Regulation Act
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II Schedule of Constitution
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II Schedule of RBI Act
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All of the above
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Detailed explanation-1: -All banks which are included in the Second Schedule to the Reserve Bank of India Act, 1934 are Scheduled Banks. These banks comprise Scheduled Commercial Banks and Scheduled Co-operative Banks.
Detailed explanation-2: -Barclays Bank Plc. BNP Paribas China Trust Commercial Bank Shinhan Bank Citi Bank N.A. Calyon Bank Deutsche Bank DBS Bank Ltd. The Hongkong and Shanghai Banking Corporation Ltd. J.P. Morgan Chase Bank N.A. Krung Thai Bank Public Company Ltd.
Detailed explanation-3: -Scheduled Commercial Banks: Scheduled commercial banks are those banks that are registered under the second schedule of RBI Act, 1934. These include public sector banks, private sector banks, foreign banks, etc.
Detailed explanation-4: -Non-scheduled banks are those that do not adhere to the RBI’s regulations. They are not mentioned in the Second Schedule of the RBI Act, 1934, and are therefore deemed incapable of serving and protecting depositors’ interests.
Detailed explanation-5: -By definition, any bank which is listed in the 2nd schedule of the Reserve Bank of India Act, 1934 is considered a scheduled bank.