Reserve Bank of India RBI acts as the bankers' bank (central bank). Wh – McqOptions

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1.	Reserve Bank of India RBI acts as the bankers' bank (central bank). Which of the following does it mean? 1. Other banks keep their deposits with RBI. 2. RBI gives loans to commercial banks in times of need. 3. RBI advises commercial banks on monetary matters.
A.	2 and 3
B.	1 and 2
C.	1 and 3
D.	1,2 and 3
Answer» C. 1 and 3

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