In India, the central bank’s function as the ‘lender of last resort’ usually refers to which of the following:
1.Lending to trade and industry bodies when they fail to borrow from other sources.
2.Providing liquidity to the banks having a temporary crisis.
3.Lending to governments to finance budgetary deficits.
Select the correct answer using the code given below:
Economics › RBIxFunctions
Options
Answer
(B)