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Banking Term: Scheduled Banks

Feb 16, 2015 14:10 IST

    The bank which is included in the second schedule of RBI, Act, 1934 is called Scheduled Bank.

    The bank included in this list should fulfill two conditions

    • The paid up capital and collected funds of bank should not be less than Rs 5 lakh.
    • Any activity of the bank will not adversely affect the interest of depositors.

    Question

    Which of the following is not a scheduled commercial bank?

    A. HDFC

    B. NABARD

    C. IDBI

    D. SBI

    E. None of these

    Answer: A

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