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      Question

      Which of the following statements is correct? A.

      WMA were introduced to meet the long-term fund requirement of the central government B. Under the special WMA facility to state governments RBI provides them collateral free overdraft
      A a) Only A Correct Answer Incorrect Answer
      B b) Only B Correct Answer Incorrect Answer
      C c) Both A and B are correct Correct Answer Incorrect Answer
      D d) Both A and B are incorrect Correct Answer Incorrect Answer

      Solution

      The correct answer is D

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