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.

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