Banking General Awareness Reserve Bank of India Question Bank Reserve Bank of India Monetary Policy

  • question_answer
    RBI is the lender of last resort, what does it mean?

    A) RBI advances necessary credit against eligible securities.

    B) Commercial banks give fund to RBI

    C) RBI advances money to public whenever there is any emergency

    D) All the above

    E) None of these

    Correct Answer: A


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