Question

Non-Scheduled banks are those which are not included in the

• A. 1st Schedule
• B. 2nd Schedule
• C. 3rd Schedule
• D. 9th Schedule

Answer 1

Answer:

B. 2nd Schedule

Scheduled banks are included in the 2nd Schedule of the RBI Act, 1934. Banks not included in this schedule are called Non-Scheduled Banks, which do not enjoy certain privileges like access to RBI refinancing.