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. None of these
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
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