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    Question

    The Reserve Bank of India has fixed the limit for Ways

    and Means Advances (WMA) - a temporary lending facility for the government for the second half of the financial year 2023-24 - Oct-Mar- at________ .The RBI may trigger fresh floatation of market loans when the Government of India utilises ______┬а of the WMA limit.┬а Fill in the blanks with the correct options-┬а
    A Rs.50000 crore ; 75% Correct Answer Incorrect Answer
    B Rs.65000 crore ; 60% Correct Answer Incorrect Answer
    C Rs.70000 crore; 80% Correct Answer Incorrect Answer
    D Rs.85000 crore ; 45% Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    ┬аRBI has decided, in consultation with the Government of India, that the limit for Ways and Means Advances (WMA) for the second half of the financial year 2023-24 (October 2023 to March 2024) will be тВ╣50,000 crore. The Reserve Bank of India may trigger fresh floatation of market loans when the Government of India utilises 75 per cent of the WMA limit.

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