Indian Financial System
Quick practice
Question 1 of 3
Under the Indian banking regulatory framework, what is the specific statutory requirement that officially classifies a bank as a "Scheduled Bank"?
A
The bank must be fully owned by the Government of India.
B
The bank must be listed on the Bombay Stock Exchange and the National Stock Exchange.
C
The bank must have its name included in the Second Schedule of the Reserve Bank of India Act, 1934.
D
The bank must exclusively cater to the agricultural sector.
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