What is meant by a scheduled bank?

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Q 1557867784.     What is meant by a scheduled bank?

A

The bank functioning under provisions of Banking Reg. Act 1949

B

A bank included in 2nd schedule of RBI Act, 1934

C

The bank incorporated under Banking Companies Act 1956

D

A bank authorised for banking functions

E

bank issued a license by RBI mentioning therein that it is a scheduled bank

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Solution
(Provided By a Student and Checked/Corrected by EXXAMM.com Team)

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