Challenger App

No.1 PSC Learning App

1M+ Downloads
Scheduled Bank means:

ABank included in the second schedule of the Reserve Bank of India Act

BA Bank included in the first Schedule of Reserve Bank

CNationalized Bank

DRegional Rural Bank

Answer:

A. Bank included in the second schedule of the Reserve Bank of India Act


Related Questions:

Which one of the following is considered as the 'Policy Rate' in the monitory policy statement of India?
How many members constitute the MPC?
What aims to withdraw or stabilize excess money supply created out of the foreign exchange market intervention ?
The method of note issue, central bank of the country is allowed to issue currency notes of a specified amount without presenting gold and silver to cover it.
Which among the following doesn't come under Direct instruments of Monetary policy of RBI ?