Q. Local Area Banks (Solved)
1. are licensed under the Banking Regulation Act, 1956
2. are eligible for inclusion in the Second Schedule to the Reserve bank of India Act, 1934
3. Have minimum paid up capital of Rs. 5 crore with promoters’ contribution being at least Rs. 2 crore
4. all of the above
5. none of the above
- d. all of the above