What is the limit of WMA fixed by RBI for States Governments and UTs with effect from April 2022? Options: A . &nbspRs 35,210 crore B . &nbspRs 47,010 crore C . &nbspRs 52,101 crore D . &nbspRs 49,000 crore

What is the limit of WMA fixed by RBI for States Governments and UTs with effect

Question

What is the limit of WMA fixed by RBI for States Governments and UTs with effect from April 2022?

Options:

A . Rs 35,210 crore

B . Rs 47,010 crore

C . Rs 52,101 crore

D . Rs 49,000 crore

Answer: Option B

The Reserve Bank has decided to reduce the Ways and Means Advances (WMA) for States Governments and Union Territories (UTs) from Rs 51,560 crore to Rs 47,010 crore, considering the improvement in the pandemic situation.

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