Consider the following statementsbegin{enumerate}item Scheduled Commercial Banks are those which have been included in the First Scheduled of RBI Act, 1934.item Non-Scheduled Commercial Banks are those which have been not included in the Second Scheduled of RBI Act, 1934.item Punjab National Bank is a 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 2
B	Only 2 and 3
C	Both 1 and 2
D	All of the above

Explanation:

Detailed explanation-1: -Bank of Ceylon Bank of Nova Scotia Bank of Tokyo – Mitsubishi Ltd. 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.

Detailed explanation-2: -(i) Yes Bank has been included in the Second Schedule to the Reserve Bank of India Act, 1934 with effect from 19th August 2004.

Detailed explanation-3: -Meaning of Scheduled Bank The banks in the Indian banking system are sub categorized as Scheduled Banks, Non-Schedule Banks, Private Banks and Public Banks. Scheduled banks are those banks that are listed under Schedule II of the Reserve Bank of India Act, 1934.

There is 1 question to complete.