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:
A2 and 3 only
B1 and 2 only
C1 and 3 only
D1, 2 and 3
Answer & Solution
Correct answer: D. 1, 2 and 3
UPSC CSE Prelims 2012 (GS-I, Set A), Q.75. Answer key: D (coaching consensus; UPSC did not publish an official 2012 AK separately on upsc.gov.in).
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