RBI is lender of last resort which reveals
A. RBI advances money to public whenever there is any emergency
B. Commercial banks give fund to the RBI
C. RBI advances necessary credit against eligible securities to financial institutions
D. All of the above
Answer: Option C
Related Questions on Banking Awareness miscellaneous
A. Bombay Stock Exchange
B. Delhi Stock Exchange
C. Calcutta Stock Exchange
D. Bangalore Stock Exchange
Which of the following is not a function of General Insurance?
A. Cattle Insurance
B. Crop Insurance
C. Fire Insurance
D. Medical Insurance
Liability- side of the balance-sheet comprises:
A. Capital and reserve
B. Long-term liabilities
C. Current liabilities
D. All of the above
Join The Discussion