Module: General Practice
Q10: What is the primary criterion for a bank to be classified as a Non-Scheduled Bank in India?
✅ Correct Answer: D
Not listed in the second schedule of the RBI Act, 1934.
Non-Scheduled Banks are those that do not come under the regulation listed in the second schedule, a definition that separates them from the mainstream Banking Structure in India.
Non-Scheduled Banks are those that do not come under the regulation listed in the second schedule, a definition that separates them from the mainstream Banking Structure in India.