Reserve Bank of India is the lender of the last resort to scheduled commercial banks because

Question

TuteeHUB · Accepted Answer

NA

TuteeHUB · Answer

the parties can approach RBI when their limits are exhausted

TuteeHUB · Answer

they are not able to get loans from other banks

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All of the above

TuteeHUB · Answer

None of the given options is true

1.	Reserve Bank of India is the lender of the last resort to scheduled commercial banks because
A.	the parties can approach RBI when their limits are exhausted
B.	they are not able to get loans from other banks
C.	All of the above
D.	None of the given options is true
Answer» E.

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