Question

What distinguishes Scheduled Banks from Non-Scheduled Banks in terms of central banking privileges?

• A. Scheduled Banks are exempt from CRR
• B. Non-Scheduled Banks can borrow directly from RBI
• C. Scheduled Banks are eligible to borrow under RBI’s bank rate policy
• D. Non-Scheduled Banks are authorized to handle government transactions

Answer 1

Answer:

C. Scheduled Banks are eligible to borrow under RBI’s bank rate policy

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