BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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In the 2nd Schedule of RBI Act 1934
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In the 2nd Schedule of BR Act 1949
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In the 2nd Schedule of NI Act 1881
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In the 2nd Schedule of Companies Act 1956
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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: -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-3: -By definition, any bank which is listed in the 2nd schedule of the Reserve Bank of India Act, 1934 is considered a scheduled bank. The Schedule consists of those banks which satisfy various parameters, criteria under clause 42 of this act.
Detailed explanation-4: -In 1934, banks included in the second schedule were called the scheduled bank, small industries development bank of India is known as small industry bank under the state bank of India act, Unit trust of India means a unit trust, built under the section3 of the unit trust of India act, 1963.