The Reserve Bank of India (RBI) acts as a bankers' bank. This would imply which of the following?1.Other banks retain their deposits with the RBI.2.The RBI lends funds to the commercial banks in times of need.3.The RBI advises the commercial banks on monetary matters.Select the correct answer using the codes given below :

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The Reserve Bank of India (RBI) acts as a bankers' bank. This would imply which of the following?
1.Other banks retain their deposits with the RBI.
2.The RBI lends funds to the commercial banks in times of need.
3.The RBI advises the commercial banks on monetary matters.
Select the correct answer using the codes given below :

2 and 3 only

1 and 2 only

1 and 3 only

1, 2 and 3

Next Question

Which of the following measures would result in an increase in the money supply in the economy?
1.Purchase of government securities from the public by the Central Bank
2.Deposit of currency in commercial banks by the public
3.Borrowing by the government from the Central Bank
4.Sale of government securities to the public by the Central Bank
Select the correct answer using the codes given below :

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