Question
EconomyMoney, RBI and InflationRBI Functions, Balance Sheet and IncomeMedium (editorial estimate)
Question details
- Type:
- Statement based
- Skill:
- Fact recall
- Tags:
- lender of last resort · RBI Functions, Balance Sheet and Income
Classification and difficulty are editorial labels. Explanations are awaiting review.
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In India, the central bank's function as the 'lender of last resort' usually refers to which of the following? 1. Lending to trade and industry bodies when they fail to borrow from other sources 2. Providing liquidity to the banks having a temporary crisis 3. Lending to governments to finance budgetary deficits Select the correct answer using the code given below.
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Question 15 · RBI Functions, Balance Sheet and Income · Economy · UPSC Prelims 2021 (GS)