Question : The lender of the last Resort is:
Option 1: SBI
Option 2: IDBI
Option 3: NABARD
Option 4: RBI
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Answer (1)
26th Jan, 2024
Correct Answer: RBI
Solution : The correct option is RBI .
The term Lender of Last Resort describes the function of a central bank, such as the Reserve Bank of India (RBI), which offers financial support to commercial banks or other financial institutions experiencing financial crises or liquidity shortages, particularly during periods of economic stress.
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