Scheduled bank in one which is registered under which one of the following schedules of RBI:

Q. Scheduled bank in one which is registered under which one of the following schedules of RBI:

A

Ist schedule

B

II'nd schedule

C

III'rd schedule

D

IV'th schedule

Solution:

Scheduled Banks in India refer to those banks which have been included in the Second Schedule of Reserve Bank of India Act, 1934.
RBI in turn includes only those banks in this Schedule which satisfy the criteria laid down vide section 42(6)(a) of the said Act.
Banks not under this Schedule are called Non-Scheduled Banks

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