Question : A bank that has a paid-up capital of ______ and above qualifies for the scheduled bank category listed in the RBI Act 1934.
Option 1: Rs. 1 lakh
Option 2: Rs. 2 lakhs
Option 3: Rs. 5 lakhs
Option 4: Rs. 4 lakhs
New: SSC CHSL Tier 2 answer key released | SSC CHSL 2024 Notification PDF
Recommended: How to crack SSC CHSL | SSC CHSL exam guide
Don't Miss: Month-wise Current Affairs | Upcoming government exams
Correct Answer: Rs. 5 lakhs
Solution : The correct option is Rs. 5 lakhs .
A bank with a paid-up capital of Rs. 5 lakh and above qualifies for the scheduled bank category under the Reserve Bank of India Act, 1934. Scheduled banks are eligible for various privileges and facilities, including access to central banking services, as outlined by the Reserve Bank of India.
Related Questions
Know More about
Staff Selection Commission Combined High ...
Result | Eligibility | Application | Admit Card | Answer Key | Preparation Tips | Cutoff
Get Updates Brochure
Your Staff Selection Commission Combined Higher Secondary Level Exam brochure has been successfully mailed to your registered email id “”.
