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Question : The lender of the last Resort is:

Option 1: SBI

Option 2: IDBI

Option 3: NABARD

Option 4: RBI


Team Careers360 25th Jan, 2024
Answer (1)
Team Careers360 26th Jan, 2024

Correct Answer: RBI


Solution : The correct option is RBI.

The term Lender of Last Resort describes the function of a central bank, such as the Reserve Bank of India (RBI), which offers financial support to commercial banks or other financial institutions experiencing financial crises or liquidity shortages, particularly during periods of economic stress.

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