Question
What is the maximum time period given to the states to
repay the Ways and Means Advances extended to them by the RBI?Solution
Ways and Means Advances are extended by the Reserve Bank of India to the states in order to help them meet the temporary mismatch in the cash flow. The states can repay the advance within a maximum period of 90 days. WMA is guided by the Section 17(5) of the RBI Act 1934.
Choose the most appropriate option for lank no. 2
Select the most appropriate meaning of the given idiom.
Break new ground
Select the most appropriate option to fill in blank.
Find the appropriate word.
According to the author rupee is not the only currency that is losing its value against dollar. How does this fact affect India?
Find the appropriate word.
Find the appropriate word.
Choose the most appropriate word to fill the blank (b)
Fill in blank 48 with the most appropriate word.
Choose the most appropriate word for blank no. (i)
