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BANKING AND MONETARY POLICY — Economics STD 12 Commerce — Question

Gujarat BoardEnglish MediumSTD 12 CommerceEconomicsBANKING AND MONETARY POLICY2 Marks
Question
What are scheduled banks?
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Answer

Scheduled banks are those companies which are listed in the $2nd$ schedule of the $RBI$ Act, $1934.$ Schedule banks can be classified into commercial banks and cooperative banks.

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