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Consider the following statement regarding ‘Ways and means advances’ (WMA) 1. It is a facility for both the Centre and States to borrow from the RBI 2. These borrowings are meant purely to help them to tide over long-term mismatches in cash flows of their receipts and expenditures. 3. The interest rate on WMA is the repo rate of the RBI The Correct statement is/are
This question appeared in the JKPSC Prelims 2022 examination (GS-I). It is Question 11 out of 100 questions in this paper.
This question was part of the JKPSC Prelims 2022 (GS-I). The JKPSC Prelims examination tests candidates on general studies, current affairs, and aptitude through multiple-choice questions.
Practice previous year questions from all JKPSC Prelims papers and compare patterns with UPSC Prelims PYQ to identify overlapping topics.