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BANKING AND MONETARY POLICY — Economics STD 12 Commerce — Question

Gujarat BoardEnglish MediumSTD 12 CommerceEconomicsBANKING AND MONETARY POLICY1 Mark
Question
What is Scheduled Bank?
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Answer

Those Banks $($companies$)$ which are listed in the 2nd schedule of the $RBI$ Act a $1934$ are called Scheduled Banks.

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