Consider the following statementsbegin{enumerate}item In Indian Commercial Banking System, the number of the Non-Scheduled Bank is more than the Scheduled Banks.item The Non-Scheduled Banks in India Commercial Banking System are less than the Scheduled Banks.item State Bank of India is a Non-Scheduled Banks.end{enumerate} Which of the statements given above is/are correct?

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Consider the following statements

A	Only 1
B	Only 2
C	Only 3
D	All of the above

Explanation:

Detailed explanation-1: -As described by RBI, there are 11 Non Scheduled State Cooperative Banks and 1500 Non-Scheduled Urban Co-operative Banks.

Detailed explanation-2: -Banks with a reserve capital of less than 5 lakh rupees qualify as non-scheduled banks. Unlike scheduled banks, they are not entitled to borrow from the RBI for normal banking purposes, except, in an emergency or abnormal circumstances.

There is 1 question to complete.