Banking and Financial Institution
Quick practice
Question 1 of 5
Under the Indian banking regulatory framework, what is the specific statutory requirement that officially classifies a bank as a "Scheduled Bank"?
The bank must be fully owned by the Government of India.
The bank must exclusively cater to the agricultural sector.
The bank must be listed on the Bombay Stock Exchange and the National Stock Exchange.
The bank must have its name included in the Second Schedule of the Reserve Bank of India Act, 1934.
Concepts
Indian Financial System
Reserve Bank of India
Banking Sector Reforms in India
Financial Markets
Financial Institutions
Digitisation of Banking Sectors
Insurance
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