Banking General Awareness Banking Regulation System of India Question Bank Banking Regulation System of India

  • question_answer
    The RBI known as lender of last resort because                                               [IBPS Clerk 2015]

    A)  it has to meet the credit need of citizens to whom no one else is willing to lend

    B)  banks lend to go to RBI as a last resort

    C)  it comes to help banks in times of crisis

    D)  All of the above

    E)  None of the above

    Correct Answer: C


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