Which institution is classified by the Reserve Bank of India in a group of scheduled commercial banks?
Question and options
Which institution is classified by the Reserve Bank of India in a group of scheduled commercial banks?
Regional rural bank
Reserve Bank of India
National Bank for Agriculture and Rural Development
State cooperative apex bank
Answer and explanation
Correct answer: A - Regional rural bank
The RBI classifies regional rural banks as a group of scheduled commercial banks. The RBI is the central bank, NABARD is a rural development bank, and state cooperative apex banks belong to the cooperative banking structure.
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