Question: The Reserve Bank of India (RBI) acts as a bankers’ bank. This would imply which of the following?
- Other banks retain their deposits with the RBI.
- The RBI lends funds to the commercial banks in times of need.
- The RBI advises the commercial banks on monetary matters. Select the correct answer using the codes given below.
Options:
A) 2 and 3
B) 1 and 2
C) 1 and 3
D) All of these
Show Answer
Answer:
Correct Answer: D
BETA
