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106

Q:

Lender of last resort is:

  • 1
    SBI
  • 2
    IDBI
  • 3
    NABARD
  • 4
    RBI
  • Show Answer
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Answer : 4. "RBI"
Explanation :

A lender of last resort is one you go to when you need money urgently and have exhausted all your other options. Banks generally turn to their lender as a last resort when they cannot get the funds they require for their daily business.

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