GK
BANKING AWARENESS AND SEBI
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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For a scheduled bank the paid up capital and collected funds of bank should not be less than ____?
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Rs. 1 lakh
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Rs. 5 lakh
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Rs. 50 crore
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Rs. 1 crore
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Explanation:
Detailed explanation-1: -What is the minimum paid up capital a bank must have to be eligible for inclusion in the Second Schedule to the Reserve Bank of India Act, 1934? Explanation: Banks having paid up capital of at least Rs 5 lakh are eligible for inclusion in the Second Schedule to the Reserve Bank of India Act, 1934.
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