Rapid revision
Test one fact at a time:open a card, recall the direct answer, then practise it in MCQ format.
Which banks in India are listed under the second schedule of the RBI Act, 1934?
What are the two conditions Under section 42 (6) (a) of the RBI Act, a bank must satisfy to be considered a Scheduled Bank?
Direct Answer
Paid reserve capital of 5 lakh rupees and conduct not harmful to depositors' interests
How many non-scheduled banks are currently in operation in India?
Which act defines the banks that are not included in the Reserve Bank of India (RBI) Act, 1934, and are thus considered Non-Scheduled Banks?
What is the minimum paid reserve capital required for a bank to be considered a Scheduled Bank in India?
What is the significance of being a Scheduled Bank in relation to the RBI Act, 1934?
Which banks are not eligible for loans from RBI for their day-to-day general requirements?
Which section of the Banking Regulation Act, 1949, defines the banks that are not included in the RBI Act, 1934?
What is the primary criterion for a bank to be classified as a Non-Scheduled Bank in India?
What is the primary classification of scheduled banks in India?
Why is the State Bank of India recognized as a separate category of Scheduled Commercial Banks (SCBs)?
Which group in India includes Nationalized banks and the State Bank of India?
What characterizes private sector banks in India?
How are foreign banks present in India?
When were Regional Rural Banks (RRBs) established in India, and what is their primary objective?
What is the area of operation of Regional Rural Banks (RRBs) in India?
Who are the joint owners of Regional Rural Banks (RRBs) in India?
In what proportion is the issued capital of a Regional Rural Bank (RRB) shared among its owners?
Which bank holds the distinction of being the first Regional Rural Bank in India?
What distinguishes co-operative banks in terms of ownership and membership?
How are co-operative banks often established in terms of community or interest?
Direct Answer
By persons from the same local or professional community or with a common interest