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      Question

      What is the name of the short-term advance given by the

      RBI to the government if it shows the negative balance?
      A ST Advance Correct Answer Incorrect Answer
      B Overdraft Advance Correct Answer Incorrect Answer
      C Wage and Means Advance Correct Answer Incorrect Answer
      D Working Capital Advance Correct Answer Incorrect Answer
      E None of the above Correct Answer Incorrect Answer

      Solution

      Wage and Means Allowance is the advance which the RBI extends as a short-term interest-bearing advance if the balance in the government account shows a negative position. The limit of this advance is decided and set at the beginning of each financial year.

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