Banking Sector In India

Finance (RBI)

Title

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Indian Economy - Understanding the basics of Indian economic system

“Scheduled bank” in India means a bank _____.

Incorporated under the Companies Act, 1956

Authorized to the Banking business

Governed by the Banking Regulation Act, 1949

Included in the Second schedule to the Reserve Bank of India Act 1934

“Scheduled bank” in India means a bank included in the Second schedule to the Reserve Bank of India Act 1934