RBI is known as lender of last resort because
A. It has to meet the credit need of citizen to whom no one else willing to lend
B. Bank lend to go to RBI as a last resort
C. It comes to help banks in times of crisis
D. All of the above
Answer:C
RBI is known as lender of last resort because
A. It has to meet the credit need of citizen to whom no one else willing to lend B. Bank lend to go to RBI as a last resort C. It comes to help banks in times of crisis D. All of the above