The Reserve Bank of India (RBI) acts as a bankers' bank. This would im – McqOptions

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1.	The Reserve Bank of India (RBI) acts as a bankers' bank. This would imply which of the following?1. Other banks retain their deposits with the RBI.2. The RBI lends funds to commercial banks in times of need.3. The RBI advises commercial banks on monetary matters.Select the correct answer using the codes given below:
A.	2 and 3 0nly
B.	1 and 2 only
C.	1 and 3 only
D.	1, 2 and 3
Answer» C. 1 and 3 only

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