

McqMate
Q. |
Local Area Banks |
A. | are licensed under the Banking Regulation Act, 1956 |
B. | are eligible for inclusion in the Second Schedule to the Reserve bank of India Act, 1934 |
C. | Have minimum paid up capital of Rs. 5 crore with promoters’ contribution being at least Rs. 2 crore |
D. | all of the above |
E. | none of the above |
Answer» D. all of the above |
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