Module: General Practice
Q6: What is the significance of being a Scheduled Bank in relation to the RBI Act, 1934?
✅ Correct Answer: B
Eligibility for loans from RBI.
Scheduled Banks are eligible for loans from the Reserve Bank of India (RBI) as per the RBI Act 1934.
This liquidity access is a major advantage within the Banking Structure in India.
Scheduled Banks are eligible for loans from the Reserve Bank of India (RBI) as per the RBI Act 1934.
This liquidity access is a major advantage within the Banking Structure in India.