Join Examsbook
107 0

Q:

Lender of last resort is:

  • 1
    SBI
  • 2
    IDBI
  • 3
    NABARD
  • 4
    RBI
  • Show AnswerHide Answer
  • Workspace

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.

Are you sure

  Report Error

Please Enter Message
Error Reported Successfully