Multiple choice

A bank is called a scheduled bank when ____________.

  1. its business has crossed the 1000 Crore mark

  2. its branch network is over 100

  3. it is included in the second schedule of the RBI act

  4. when it complies with all of the 3 above options

  5. none of the above

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Yes, it’s the correct choice. If a bank is included in the second schedule of the RBI act then it is called a scheduled bank.