Economics · Banking in India
In India, a Scheduled Bank is one which is:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1under the direct administrative control of the Reserve Bank of India.
- 2included in the Second Schedule of the Banking Regulation Act, 1949.
- 3included in the Second Schedule of the Reserve Bank of India Act, 1934.✓
- 4included in the Second Schedule of the Indian Constitution.
Correct answer
included in the Second Schedule of the Reserve Bank of India Act, 1934.
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