GK
BANKING AWARENESS AND SEBI
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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National Bank
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Scheduled Bank
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Commercial Bank
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Cooperative Bank
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Detailed explanation-1: -Scheduled banks are those banks that are listed under Schedule II of the Reserve Bank of India Act, 1934 . The bank’s paid-up capital and raised funds must be at least Rs. 5 lakh to qualify as a scheduled bank. These banks are liable for low interest loans from the RBI.
Detailed explanation-2: -Can you explain this answer? A. Scheduled bank are included in the second schedule of RBI.
Detailed explanation-3: -Ans. Scheduled banks are those designated in Schedule II of the Reserve Bank of India Act of 1934. To qualify as a scheduled bank, the bank’s paid-up capital and raised funds must be at least Rs. 5 lakh. These banks are eligible for low-interest RBI loans.
Detailed explanation-4: -1 State Bank of India 1 Axis Bank Ltd. 2 Bank of Baroda 2 Catholic Syrian Bank Ltd. 3 Bank of India 3 City Union Bank Ltd. 4 Bank of Maharashtra 4 Development Credit Bank Ltd.