In India, the central bank’s function as the ‘lender of last resort’ usually refers to which of the following?

1. Lending to trade and industry bodies when they fail to borrow from other sources

2. Providing liquidity to the banks having a temporary crisis

3. Lending to governments to finance budgetary deficits

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With reference to ‘WaterCredit’, consider the following statements :

1. It puts microfinance tools to work in the water and Sanitation sector.

2. It is a global initiative launched under the aegis of the World Health Organization and the World Bank.

3. It aims to enable the poor people to meet their water needs without depending on subsidies.

Which of the statements given above are correct?

With reference to India, consider the following statements :

1. Retail investors through demat account can invest in ‘Treasury Bills’ and ‘Government of India Debt Bonds’ in primary market.

2. The Negotiated Dealing System Order Matching’ is a government securities trading platform of the Reserve Bank of India.

3. The ‘Central Depository Services Ltd.’ is jointly promoted by the Reserve Bank of India and the Bombay Stock Exchange.

Which of the statements given above is/are correct?

With reference to the Indian economy, demand-pull inflation can be caused/increased by which of the following?

1. Expansionary policies

2. Fiscal stimulus.

3. Inflation-indexing wages

4. Higher purchasing power

5. Rising interest rates

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