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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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