📝 Multiple Choice Question
Economics
Which of the following is function of the Reserve Bank of India? I. Issuing of currency II. Lender of last resort
A
Neither I nor II
B
Both I and II
C
Only I
D
Only II
Explanation
Under the RBI Act of 1934, the central bank holds the sole statutory authority to issue banknotes in India and simultaneously acts as the lender of last resort to commercial banks facing liquidity crises.
Report Issue
Discussion (0 Comments)
Leave a Comment
No comments yet. Be the first to comment!
📌 Related Questions
What was the child sex-ratio as per Census 2011 of India?...
Solve →According to Census of India 2011, what is the percentage of Hindu pop...
Solve →CORRECT statement According to policy, instead of importing vehicles...
Solve →According to Census of India 2011, India's population accounts for wha...
Solve →Which of the following is a qualitative instrument of monetary policy ...
Solve →