Banks which follow all the norms laid down by the RBI and meet certain stipulated conditions are called banks.

unscheduled

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scheduled

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Solution

The correct option is B scheduled
Banks which follow all the norms laid down by the RBI and meet certain conditions are called scheduled banks. Scheduled banks are listed in the 2nd Schedule of the Reserve Bank of India Act, 1934. They can be private, foreign or nationalised banks.

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Q2. Consider the following statements Basel III norms:

1. The Basel III norms stipulated a capital to risk-weighted assets of 8%.

2. Indian scheduled commercial banks are required to maintain a CAR of 9% while Indian public sector banks are emphasized to maintain a CAR of 12%.

Select the correct answer using the codes given:

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