Current Affairs · Banking & Financial Regulations
Regarding the operational parameters and limits for Ways and Means Advances (WMA) and Overdraft (OD) facilities for the Government of India for the first half of the financial year 2026-27, which of the following statements is/are correct? 1. The WMA limit for the period covering April to September 2026 is fixed at ₹1,50,000 crore. 2. The Reserve Bank of India initiates the fresh floatation of market loans when the Government utilizes 75% of the WMA limit. 3. The interest rate for Ways and Means Advances is the Repo Rate, and for Overdrafts, it is two percent above the Repo Rate. 4. The WMA limit is fixed for the six-month period and cannot be revised by the RBI under any circumstances. Select the correct option:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 11, 2, 3, and 4
- 21, 2, and 3 only✓
- 32 and 3 only
- 41 and 2 only
Correct answer
1, 2, and 3 only
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Current Affairs?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Banking & Financial Regulations MCQs →Want more practice questions on Banking & Financial Regulations?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Current Affairs · Banking & Financial Regulations