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    Question

    Which of the following statements is/are correct?

    1. The Reserve Bank of India (RBI) increased the Ways and Means Advances (WMA) limits for State governments and Union territories to ₹60,118 crore from ₹47,010 crore effective July 1. 2. The Special Drawing Facility (SDF) availed by States/UTs will continue to be linked to the quantum of investments in marketable securities issued by the government, including Auction Treasury Bills (ATBs). 3. The RBI was founded on April 1, 1935.
    A Only 1 Correct Answer Incorrect Answer
    B Only 2 Correct Answer Incorrect Answer
    C Both 1 and 2 Correct Answer Incorrect Answer
    D Both 1 and 3 Correct Answer Incorrect Answer
    E All 1, 2, and 3 Correct Answer Incorrect Answer

    Solution

    Statements 1 and 2 pertain to the recent increase in the WMA limits by the RBI and the linkage of SDF to marketable securities. Statement 3 is a static fact about the RBI's founding date.

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