question_answer

Consider the following statements:

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

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

Which of the statements given above is/are correct?

A)  Only 1                         

B)  Only 2

C)  Both 1 and                  

D)  Neither 1 nor 2

E)  Can't say