Question : ___________ is known as lender of last resort
Option 1: RBI
Option 2: Ministry of Finance
Option 3: Department of Revenue
Option 4: Central Bank of India
Correct Answer: RBI
Solution : The correct answer is (a). RBI
The Reserve Bank of India (RBI) is commonly known as the lender of last resort. As the central bank of India, the RBI plays a crucial role in maintaining stability and confidence in the financial system. One of the key functions of the RBI is to act as a lender of last resort to banks and other financial institutions.
By providing liquidity to banks, the RBI helps ensure that they can meet their payment obligations, maintain confidence, and avoid panic or contagion effects. The lender of last resort function is an important tool in managing financial crises and ensuring the smooth functioning of the banking sector.
Question : Which of the following is also known as the 'lender of the last resort'?
Option 1: SEBI
Option 2: RRBs
Option 3: RBI
Option 4: SBI
Question : The ___________ is the highest monetary authority in the country.
Option 1: Ministry of Finance
Option 2: Reserve Bank of India (RBI)
Option 3: State Bank of India (SBI)
Option 4: Central Government
Question : The lender of the last Resort is:
Option 1: SBI
Option 2: IDBI
Option 3: NABARD
Option 4: RBI
Question : In India, coins are issued by:
Option 1: State Bank of India
Option 3: Reserve Bank of India
Option 4: Department of Revenue
Question : Which organization is responsible for implementing the rural development programs in India?
Option 1: Reserve Bank of India (RBI)
Option 3: Ministry of Rural Development
Option 4: Planning Commission
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