Which of the following is true about non-scheduled banks in India?
1. A non-scheduled bank does not have to maintain CRR with the RBI.
2. Also it cannot lend money from RBI under LAF.
3. The banks named under third schedule of RBI Act 1934, are non-scheduled banks.
1
Only 1 and 2
2
Only 1 and 3
3
Only 2 and 3
4
1, 2 and 3
5
Only 2