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Indian economy miscellaneous

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Indian economy miscellaneous
  1. Scheduled bank is a bank whichis
    1. Nationalised
    2. Not Nationalised
    3. Based in foreign Country
    4. Included in the second schedule of RBI
Correct Option: D

A scheduled bank, in India, refers to a bank which is listed in the 2ndSchedule 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 nationalized banks operating in India.


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