The correct answer is (a) First.
The First Schedule of the Reserve Bank of India Act, 1934, contains the names of the Scheduled Banks in India. Scheduled Banks are those banks that are included in the First Schedule of the Reserve Bank of India Act, 1934. They are required to maintain a certain amount of cash reserves with the Reserve Bank of India and to follow certain other regulations.
The Second Schedule of the Reserve Bank of India Act, 1934, contains the names of the Regional Rural Banks in India. Regional Rural Banks are a type of co-operative bank that was established in India in 1975. They are sponsored by commercial banks and state governments and are intended to provide banking services to rural areas.
The Third Schedule of the Reserve Bank of India Act, 1934, contains the names of the Local Area Banks in India. Local Area Banks are a type of co-operative bank that was established in India in 1996. They are intended to provide banking services to unbanked areas.
The Fourth Schedule of the Reserve Bank of India Act, 1934, contains the names of the Foreign Banks in India. Foreign Banks are banks that are incorporated outside India but have branches or offices in India. They are regulated by the Reserve Bank of India.