GK
BANKING AWARENESS AND SEBI
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Payments Bank
|
|
|
Scheduled bank
|
|
|
Non-scheduled banks
|
|
|
All of the above
|
Detailed explanation-1: -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.
Detailed explanation-2: -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. They also have membership in clearing houses.
Detailed explanation-3: -Can you explain this answer? A. Scheduled bank are included in the second schedule of RBI.