Solved UPSC CDS/OTA Question
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Q · RBI and Its PoliciesMedium · 45s
Which of the following is the lender of last resort for banks in India?
TopicRBI and Its Policies
Question Typemultiple choice
DifficultyMedium
Marking+1 / −0.33
Test Duration30 min
Step-by-Step Solution
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The RBI provides emergency funding to banks, thus acting as the lender of last resort.
Final Answer: Option C - RBI