Multiple choice A bank is called a scheduled bank when ____________. its business has crossed the 1000 Crore mark its branch network is over 100 it is included in the second schedule of the RBI act when it complies with all of the 3 above options 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.