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: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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