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    Question

    Which institution is known as the "lender of last

    resort".
    A Asian Development Bank (ADB) Correct Answer Incorrect Answer
    B World Bank Correct Answer Incorrect Answer
    C International Monetary Fund (IMF) Correct Answer Incorrect Answer
    D Reserve Bank of India (RBI) Correct Answer Incorrect Answer

    Solution

    The Reserve Bank of India is referred to as the "lender of last resort" because it provides financial support to banks that are facing financial difficulties.

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