Question

Difference between scheduled employment and non scheduled employment

Answer 1

Key differences between the Scheduled Banks and Non- Scheduled Banks are;

1. Scheduled banks follow the rules made by the RBI while Non-scheduled banks do not follow the rules made by the RBI.

2. Scheduled banks are eligible for inclusion in the second schedule to the Reserve Bank of India Act, 1934 while Non-scheduled banks are not included in the second schedule.

3. Scheduled banks are allowed to borrow money from RBI for regular banking purposes while Non-scheduled banks are not allowed.

4. Scheduled banks can become a member of clearing house while Non-scheduled banks can't.

5. Scheduled banks and Non-scheduled banks both need to maintain the Cash Reserve Ratio but Scheduled banks have to deposit this amount in the RBI while Non-scheduled banks can deposit this amount with themselves.

So from the above description it became clear that Scheduled banks and Non-Scheduled Banks are different not only in their functioning but also in the regulations made by the RBI. Scheduled banks do care about the interests of the depositors while Non-Scheduled Banks don’t do so because they are bound to follow the guidelines of RBI.



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Answer 2

Explanation:

The employment and unemployment figures are taken from the data on employment and unemployment collected by National Sample Survey Organization NSSO through five year surveys. NSSO is an organization which comes under the Ministry of Statistics, Planning and Programme implementation,Government of India.