Multiple Choice Questions on RBI has fixed the Ways and Means Advances WMA for Central Government for the first half of the finan........... for General Knowledge ( All Exams) Preparation

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Multiple Choice Questions

RBI has fixed the Ways and Means Advances WMA for Central Government for the first half of the finan...........

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    RBI has fixed the Ways and Means Advances (WMA) for Central Government for the first half of the financial year 2020-21 at________

    Rs. 1,50,000 crore

    Incorrect Answer

    Rs. 1,20,000 crore

    Correct Answer

    Rs. 1,00,000 crore

    Incorrect Answer

    Rs. 1,70,000 crore

    Incorrect Answer
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    Explanation:
    • The Reserve Bank of India has fixed the Ways and Means Advances (WMA) for Central Government for the first half of the financial year 2020-21 (April 2020 to September 2020) at Rs. 1,20,000 crore.
    • The Reserve Bank may trigger fresh floatation of market loans when the Government of India utilizes 75% of the WMA limit. 

    By: Rohit Middha
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    MRINMOY SIKDER

    it will be 125000

    0 0 reply

    Rohit Middha

    The Question is about first half of FY21, so right answer is 120000 cr. The limits for ways and means advances (WMA) for the First half of the financial year 2020-21 (April 2020 to September 2020) was Rs 1,20,000 crore and for the second half of the financial year 2020-21 (October 2020 to March 2021) will be Rs 1,25,000 crore.

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