. What is a Scheduled bank?

(1) A bank having Rs. 1,000 crore deposits

(2) A bank included in the second schedule of the RBI act

(3) A bank having Rs. 100 crore deposits

(4) None

Answer Posted / manohar

Scheduled Banks in India constitute those banks which have been included in the Second Schedule of Reserve Bank of India(RBI) Act, 1934.

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