RBI known as lender of last resort because: | Faculties

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Mr. Dubey

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📊 Banking and Finance

Q. RBI known as lender of last resort because:

(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

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✅ Correct Answer: (C) It comes to help banks in times of crisis

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