question_answer

Reserve Bank of India is the lender of the last resort to scheduled commercial banks because

A)  the parties can approach RBI when their limits are exhausted

B)  they are not able to get loans from other banks

C)  KBl meets directly or indirectly all their reasonable demands for financial accommodation subject to certain terms and conditions which constitute its discount rate policy

D)  All of the above

E)  None of the above