Which of the following Is also known as the ‘lender of the last resort’?

Correct option is C

The correct answer is (c) RBI.
 The Reserve Bank of India (RBI) is known as the 'lender of the last resort'.
 This term refers to the role of the central bank in providing financial assistance to banks or financial institutions facing severe financial difficulty or on the verge of collapse.
 When no other financial institution is willing to provide credit, the RBI steps in to ensure the stability of the financial system.
 By acting as the lender of the last resort, the RBI helps to maintain confidence in the banking system and prevent bank runs.
 This function is crucial for ensuring the overall stability and liquidity of the financial markets in India.
 The RBI also supervises and regulates the banking sector to ensure its soundness and resilience.
Facts related to RBI:
 The RBI was established on 1st April 1935 in accordance with the Reserve Bank of India Act, 1934.
 It is the central banking institution of India, which controls the issuance and supply of the Indian rupee.
 The RBI plays a key role in the development strategy of the Government of India.
 It manages the country's main payment systems and works to promote its economic development.
 The RBI's headquarters are located in Mumbai, Maharashtra.