Q. Which of the following statements is/are correct, with respect to scheduled and non-scheduled banks of India? - Scheduled bank consists of only public sector banks and nationalised banks
- Foreign banks and regional rural banks are included in non- scheduled banks list.
- Scheduled banks are listed under second schedule of RBI act 1934, whereas non-scheduled banks are not listed under that schedule
Select the correct option from the codes given below:
Answer:
Only 3
Notes: Only 3
rd statement is correct. First statement is incorrect, as Scheduled banks include Public sector banks, private sector banks, foreign banks, regional rural banks and rural and urban cooperative societies. 2
nd statement is also incorrect as non-scheduled bank consists of only few local area banks not listed under RBI act 1934.