Why is RBI called Lender of Last resort

Why is RBI Called Lender of Last Resort ? RBI is called Lender of Last resort or Banker to Banks. As a Banker to Banks, the Reserve Bank also acts as the ‘lender of the last resort’. It can come to the rescue of a bank that is solvent but faces…

R2 Code of Practices

R2 Code of Practices refers to set of activities that needs to be done by an Electronics Company related to Recycling. Once the company Follows all the required steps under R2 Practices, the Company becomes R2 Certified. What is Included in R2 Code of Practices :- An electronics recycling company…

Definition of State

As per the Indian Constitution Article 12 says that:- Definition In this part, unless the context otherwise requires, the State includes the Government and Parliament of India and the Government and the Legislature of each of the States and all local or other authorities within the territory of India or…

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