Economics · Indian Economy
Which of the following defines Non-Scheduled Banks in India?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Foreign banks operating in India
- 2Banks with a capital base of less than ₹5 lakhs
- 3Banks not included in the Second Schedule of the RBI Act, 1934✓
- 4Banks registered under the Companies Act, 1956
Correct answer
Banks not included in the Second Schedule of the RBI Act, 1934
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