The Reserve Bank of India is also called the lender of the last resort of Scheduled Commercial Banks because?

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Q 1549378213.     The Reserve Bank of India is also called the lender of the last resort of Scheduled Commercial Banks because?



A

RBI meets directly or indirectly all the reasonable demands for financial accommodation subject to terms and conditions of the discount rate policy of RBI

B

they are not able to get facilities from other Banks

C

Both of the above

D

Either (a) or (b)

E

None of the above

HINT


Solution
(Provided By a Student and Checked/Corrected by EXXAMM.com Team)

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