Consider the following statements:1. RBI is known as the lender of last resort2. RBI acts as a banker to the commercial banks, Government of India and also to the State Governments3. Financing of budget deficits by the governments through Central Bank Borrowing is called Deficit Financing - Study24x7
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UPSC & State PSC
1008 followers study24x7 30 Nov 2020 03:56 PM study24x7 study24x7

Consider the following statements:
1. RBI is known as the lender of last resort
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A

1 and 2 only

B

1 and 3 only

C

2 and 3 only

D

1, 2 and 3

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