SarkariPYQ

SSC GD 2023 PYQ — Question 31

SSC GD Constable (English) - 27 Jan 2023 - Shift 2 • General Awareness • Q31

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All banks which are included in the ________Schedule to the Reserve Bank of India
Act, 1934 are Scheduled Banks.
 

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Correct answer: A

Explanation

The Correct answer is option 2 i.e.second.

  • The banks in the Indian banking system are sub categorized as Scheduled banks, Non-schedule banks, Private banks and Public banks.
  • All the banks which are listed in the second schedule to the Reserve Bank of India are the Scheduled banks. 
  • This list contains the names of banks that are eligible for the maintenance of Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR) with the Reserve Bank of India.