question_answer

Consider the following statements.

I. Scheduled Commercial Banks are those which have been included in the First Scheduled of RBI Act, 1934.

II. Non-Scheduled Commercial Banks are those which have been included in the Second Scheduled of RBI Act, 1934.

Which of the statement(s) given above is/are correct?

A)  Only I            

B)  Only II

C)  Both I and II                

D)  Neither I nor II

E)  Can't say