Economics · Banking and Monetary Policy
Which of the following statements is/are correct regarding banking and monetary policy in India? Statement I: A bank's main liability is the deposits it holds. Statement II: Open Market Operations (OMOs) involve the buying and selling of government bonds by the central bank. Statement III: The Bank Rate is the interest rate at which the RBI lends long-term funds to commercial banks.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Only Statement III
- 2All Statements I, II, and III✓
- 3Only Statements II and III
- 4Only Statements I and II
Correct answer
All Statements I, II, and III
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