📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

  • google app store apple app store
  • ✖

      Question

      What is the WMA (Ways and Means Advances) limit for the

      Central Government as of 2024-25?
      A ₹50,000 crore Correct Answer Incorrect Answer
      B ₹1 lakh crore Correct Answer Incorrect Answer
      C ₹1.5 lakh crore Correct Answer Incorrect Answer
      D ₹2 lakh crore Correct Answer Incorrect Answer
      E ₹2.5 lakh crore Correct Answer Incorrect Answer

      Solution

      The WMA limit for the Central Government was set at ₹1.5 lakh crore for the first half of FY 2024-25 (April-September 2024) by the RBI. WMA is a short-term borrowing facility to meet temporary mismatches in government finances.

      Practice Next
      ask-question