In India, the central banks function as the lender of last resort usually refers to which of the following? 1. Lending to trade and industry bodies when they fail to borrow from other sources 2. Providing liquidity to the banks having a temporary crisis 3

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Q: (IAS/2021)
In India, the central bank’s function as the lender of last resort’ usually refers to which of the following?
1. Lending to trade and industry bodies when they fail to borrow from other sources
2. Providing liquidity to the banks having a temporary crisis
3. Lending to governments to finance budgetary deficits
Select the correct answer using the code given below.
AnyChart Trial Version

question_subject: 

Economics

question_exam: 

IAS

stats: 

0,119,93,16,119,60,17

keywords: 

{'central bank': [0, 0, 1, 2], 'last resort': [0, 0, 0, 1], 'lender': [0, 0, 1, 2], 'banks': [5, 6, 5, 25], 'budgetary deficits': [0, 1, 0, 2], 'india': [8, 1, 7, 13], 'function': [11, 2, 3, 13], 'governments': [1, 0, 0, 0], 'temporary crisis': [0, 0, 0, 1]}