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Indian Economy MCQ
1. The Reserve Bank of India works as a lender of the last resort (LOLR). Which among the following is the correct statement in this context?
(A): (A) RBI meets all the demands of the commercial banks in times of difficulties
(B): (B) RBI meets all the reasonable demands of the commercial banks in times of difficulties
(C): (C) RBI is the last lender to the Government at the centre and the states
(D): (D) RBI grants loans to the banks and also the Governments in states
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