McqMate
| Q. |
Which of the following conditions must be fulfilled before a bank is included in the Second Schedule to the Reserve Bank of India Act? |
| A. | It must be a State co-operative bank or a company as defined in the Companies Act, 1956 or an institution notified by the Central Government in this behalf or a corporation or a company incorporated by or under any law in force in any place outside |
| B. | It must satisfy the Reserve Bank of India that its affairs are not being conducted in a manner detrimental to the interests of the depositors |
| C. | It must have a paid-up capital and reserves of an aggregate value of not less than Rs. 5 lakh |
| D. | Only (a) and (b) |
| E. | All of the above |
| Answer» E. All of the above | |
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