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Question

A scheduled bank is that bank which is _______.

A
nationalised
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B
not-nationalised
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C
based at foreign country
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D
included in the second schedule of R.B.I
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Solution

The correct option is D included in the second schedule of R.B.I

A scheduled bank, in India, refers to a bank which is listed in the 2nd Schedule of the Reserve Bank of India Act, 1934. Banks not under this Schedule are called non-scheduled banks. Scheduled banks are usually private, foreign and nationalised banks operating in India.


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