Economics · Banking Sector
Under which legislation is the term 'Scheduled Bank' officially defined in India?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Reserve Bank of India Act, 1934✓
- 2Negotiable Instruments Act, 1881
- 3Companies Act, 1956
- 4Banking Regulation Act, 1949
Correct answer
Reserve Bank of India Act, 1934
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