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  • RBI gives licence to whom among the following for credit ...
Multiple choice

RBI gives licence to whom among the following for credit creation?

  1. Commercial banks

  2. Scheduled banks

  3. Co-operative banks

  4. Non-scheduled banks

  5. Nationalised banks

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

All scheduled banks must maintain a reserve capital of rupees 5 lakhs with reserve bank of India.

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