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.

Keep practicing — related questions