Question

    The Ways and Means Advances (WMA) limit set by the RBI

    for the central government in the first half of the fiscal year 2024-25 is:
    A ₹1.25 lakh crore Correct Answer Incorrect Answer
    B ₹1.50 lakh crore Correct Answer Incorrect Answer
    C ₹1.75 lakh crore Correct Answer Incorrect Answer
    D ₹2.00 lakh crore Correct Answer Incorrect Answer
    E ₹2.25 lakh crore Correct Answer Incorrect Answer

    Solution

    The Ways and Means Advances (WMA) limit set by the RBI for the central government in the first half of the fiscal year 2024-25 is ₹1.50 lakh crore. WMA is a temporary loan facility provided by the RBI to the government to address short-term mismatches in receipts and payments, helping maintain financial stability and manage cash flow efficiently.

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