Current Affairs · Monetary Policy & Fiscal Management
Regarding the operational framework and limits set for Ways and Means Advances (WMA) for the first half of the financial year 2026-27, which of the following statements is/are correct? 1. The Reserve Bank of India has fixed the WMA limit at ₹2,50,000 crore for the period covering April to September 2026 to address temporary cash flow mismatches. 2. While standard utilization of the WMA limit is charged at the prevailing Repo Rate, any usage beyond this limit is treated as an overdraft and incurs a penalty of Repo Rate plus 2%. 3. To manage market liquidity, the RBI is mandated to initiate the flotation of fresh market loans as soon as the government's WMA utilization reaches 50% of the sanctioned limit. Select the correct option:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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