Which of the following statement is correct? 1. Commercial banks are advised in the monetary matters by the RBI. 2. Commercial banks retain their deposits with the Reserve Bank of India 3. In times of need the Reserve Bank lends funds to the commercial banks. Select the correct answer below

Which of the following statement is
correct?
1. Commercial banks are advised in
the monetary matters by the RBI.
2. Commercial banks retain their
deposits with the Reserve Bank
of India
3. In times of need the Reserve Bank
lends funds to the commercial
banks.
Select the correct answer below

1). 2 and 3 only
2). 1 and 2 only
3). 1 and 3 only
4). 1, 2 and 3

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