As the central bank of India, the Reserve Bank of India performs the crucial function of a 'lender of last resort', meaning it provides emergency funds to:
A.
Only foreign governments
B.
The general public directly
C.
Commercial banks facing a liquidity crisis when no other source is available
The RBI's role in supervising, regulating, and controlling the activities of commercial banks in India, including licensing, is known as its function as:
A.
Election authority
B.
Banker's bank and supervisor of the banking system
The Monetary Policy Committee (MPC) of the RBI, responsible for determining the policy repo rate, consists of six members, of whom three are RBI officials (including the Governor) and three are:
A.
Foreign central bank representatives
B.
Supreme Court judges
C.
External members appointed by the Government of India
