Question
EconomyMoney, RBI and InflationRBI Functions, Balance Sheet and IncomeMedium
Question details
- Type:
- Statement based
- Skill:
- Concept understanding
- Tags:
- RBI Functions, Balance Sheet and Income
- Related topics:
- Monetary Policy and Liquidity Management
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The Reserve Bank of India (RBI) acts as a bankers' bank. This would imply which of the following? 1. Other banks retain their deposits with the RBI. 2. The RBI lends funds to the commercial banks in times of need. 3. The RBI advises the commercial banks on monetary matters. Select the correct answer using the codes given below :
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Question 75 · RBI Functions, Balance Sheet and Income · Economy · UPSC Prelims 2012 (GS)