Module: General Practice
Q5: What is the minimum paid reserve capital required for a bank to be considered a Scheduled Bank in India?
✅ Correct Answer: D
5 lakh rupees.
A bank must have a paid reserve capital of 5 lakh rupees to be considered a Scheduled Bank.
This capital requirement ensures stability within the Banking Structure in India.
A bank must have a paid reserve capital of 5 lakh rupees to be considered a Scheduled Bank.
This capital requirement ensures stability within the Banking Structure in India.