In India ______ is referred to as the lender of the last resort.

SBI

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Central Bank

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RBI

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UTI

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Solution

The correct option is D RBI
In India RBI is referred to as the lender of last resort. Reserve Bank of India is the central bank of India. At the time of liquidity crisis faced by the commercial banks, RBI gives loans to the commercial banks to meet their financial crisis and thus, it acts as a lender of last resort.

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