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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 ______  of the WMA limit. 

Fill in the blanks with the correct options- 

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

 RBI 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 ₹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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