BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Scheduled Banks of India are those banks, which are?
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Included in First Schedule of RBI Act, 1934
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Not included in First Schedule of RBI Act, 1934
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Included in Second Schedule of RBI Act, 1934
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Not included in Second Schedule of RBI Act, 1934
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Explanation:
Detailed explanation-1: -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.
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