Which of the following is true about non scheduled banks in India i A non scheduled bank does not ha...........

Finance (RBI) Banking Sector In India

Which of the following is true about non-scheduled banks in India?

i. A non-scheduled bank does not have to maintain CRR with the RBI.

ii. Also it cannot lend money from RBI under LAF.

iii. The banks named under third schedule of RBI Act 1934, are non-scheduled banks.

Only i and iii are true

Only ii and iii are true

Only I and ii are true

All are true

Non-scheduled banks in India:
i. Does not have to maintain CRR with the RBI.
ii. Also it cannot lend money from RBI under LAF.

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