The Reserve Bank of India works as a lender of the last resort (LOLR). Which among the following is the correct statement in this context?

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Question:The Reserve Bank of India works as a lender of the last resort (LOLR). Which among the following is the correct statement in this context?

1.RBI meets all the demands of the commercial banks in times of difficulties

2.RBI meets all the reasonable demands of the commercial banks in times of difficulties

3.RBI is the last lender to the Government at the centre and the states

4.RBI grants loans to the banks and also the Governments in states

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  1. The Reserve Bank of India works as a lender of the last resort (LOLR). Which among the following is the correct statement in this context?
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