APPSC Group 2 Mains 2019 Paper 3 · Question 112

Question 112 of the APPSC Group-II Mains 2019 Paper III (30 August 2019). Try it first, then open the answer and explanation.

1. Mains 2019 · P-III · Q112 · Economy (India & AP) · Money, Banking & Inflation

   Lender of last resort is a function of the

   అంతిమ ఋణదాత అనునది ఒక విధి:

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   Answer: RBI

   సమాధానం: ఆర్.బి.ఐ

   The central bank lends to banks in liquidity crises when no other source is available, which protects the financial system.

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