Current Affairs Exam > Current Affairs Questions > Consider the following statements.1. Ways and...
Start Learning for Free
Consider the following statements.
1. Ways and Means Advances is a facility for both the Centre and States to borrow long terms funds, say more than one year from the RBI.
2. RBI has equal powers to regulate all Cooperative Banks at par with the commercial banks.
Which of the above statements is/are correct?
- a)1 only
- b)2 only
- c)Both 1 and 2
- d)Neither 1 nor 2
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
Consider the following statements.1. Ways and Means Advances is a faci...
What is Ways and Means Advances (WMA)?
It is a facility for both the Centre and states to borrow from the RBI. These borrowings are meant purely to help them to tide over temporary mismatches in cash flows of their receipts and expenditures. In that sense, they aren’t a source of finance per se. Section 17(5) of the RBI Act, 1934 authorises the central bank to lend to the Centre and state governments subject to their being repayable “not later than three months from the date of the making of the advance”.
RBI has equal powers to regulate Urban Cooperative Banks (not Rural Cooperative Banks) at par with the commercial banks.
Rural co-operative banks remain under the dual regulation of RBI and Registrar of Co-operative Societies.
Free Test
FREE
| Start Free Test |
Community Answer
Consider the following statements.1. Ways and Means Advances is a faci...
Explanation:
Statement 1: Ways and Means Advances (WMA) is a facility provided by the Reserve Bank of India (RBI) to both the Central Government and State Governments to meet their temporary mismatches in cash flow. It is a short-term borrowing facility, not a long-term borrowing facility. Therefore, statement 1 is incorrect.
Statement 2: The Reserve Bank of India (RBI) has regulatory powers over all the scheduled commercial banks, including cooperative banks. However, cooperative banks are subject to dual regulation, with the RBI having regulatory powers in addition to the Registrar of Cooperative Societies (RCS) in respective states. Therefore, statement 2 is incorrect.
Conclusion: Both statements 1 and 2 are incorrect.
Statement 1: Ways and Means Advances (WMA) is a facility provided by the Reserve Bank of India (RBI) to both the Central Government and State Governments to meet their temporary mismatches in cash flow. It is a short-term borrowing facility, not a long-term borrowing facility. Therefore, statement 1 is incorrect.
Statement 2: The Reserve Bank of India (RBI) has regulatory powers over all the scheduled commercial banks, including cooperative banks. However, cooperative banks are subject to dual regulation, with the RBI having regulatory powers in addition to the Registrar of Cooperative Societies (RCS) in respective states. Therefore, statement 2 is incorrect.
Conclusion: Both statements 1 and 2 are incorrect.
|
Explore Courses for Current Affairs exam
|
|
Similar Current Affairs Doubts
Top Courses for Current AffairsView all
Consider the following statements.1. Ways and Means Advances is a facility for both the Centre and States to borrow long terms funds, say more than one year from the RBI.2. RBI has equal powers to regulate all Cooperative Banks at par with the commercial banks.Which of the above statements is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'D'. Can you explain this answer?
Question Description
Consider the following statements.1. Ways and Means Advances is a facility for both the Centre and States to borrow long terms funds, say more than one year from the RBI.2. RBI has equal powers to regulate all Cooperative Banks at par with the commercial banks.Which of the above statements is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'D'. Can you explain this answer? for Current Affairs 2025 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about Consider the following statements.1. Ways and Means Advances is a facility for both the Centre and States to borrow long terms funds, say more than one year from the RBI.2. RBI has equal powers to regulate all Cooperative Banks at par with the commercial banks.Which of the above statements is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for Current Affairs 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements.1. Ways and Means Advances is a facility for both the Centre and States to borrow long terms funds, say more than one year from the RBI.2. RBI has equal powers to regulate all Cooperative Banks at par with the commercial banks.Which of the above statements is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'D'. Can you explain this answer?.
Consider the following statements.1. Ways and Means Advances is a facility for both the Centre and States to borrow long terms funds, say more than one year from the RBI.2. RBI has equal powers to regulate all Cooperative Banks at par with the commercial banks.Which of the above statements is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'D'. Can you explain this answer? for Current Affairs 2025 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about Consider the following statements.1. Ways and Means Advances is a facility for both the Centre and States to borrow long terms funds, say more than one year from the RBI.2. RBI has equal powers to regulate all Cooperative Banks at par with the commercial banks.Which of the above statements is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for Current Affairs 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements.1. Ways and Means Advances is a facility for both the Centre and States to borrow long terms funds, say more than one year from the RBI.2. RBI has equal powers to regulate all Cooperative Banks at par with the commercial banks.Which of the above statements is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'D'. Can you explain this answer?.
Solutions for Consider the following statements.1. Ways and Means Advances is a facility for both the Centre and States to borrow long terms funds, say more than one year from the RBI.2. RBI has equal powers to regulate all Cooperative Banks at par with the commercial banks.Which of the above statements is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'D'. Can you explain this answer? in English & in Hindi are available as part of our courses for Current Affairs.
Download more important topics, notes, lectures and mock test series for Current Affairs Exam by signing up for free.
Here you can find the meaning of Consider the following statements.1. Ways and Means Advances is a facility for both the Centre and States to borrow long terms funds, say more than one year from the RBI.2. RBI has equal powers to regulate all Cooperative Banks at par with the commercial banks.Which of the above statements is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'D'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
Consider the following statements.1. Ways and Means Advances is a facility for both the Centre and States to borrow long terms funds, say more than one year from the RBI.2. RBI has equal powers to regulate all Cooperative Banks at par with the commercial banks.Which of the above statements is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'D'. Can you explain this answer?, a detailed solution for Consider the following statements.1. Ways and Means Advances is a facility for both the Centre and States to borrow long terms funds, say more than one year from the RBI.2. RBI has equal powers to regulate all Cooperative Banks at par with the commercial banks.Which of the above statements is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'D'. Can you explain this answer? has been provided alongside types of Consider the following statements.1. Ways and Means Advances is a facility for both the Centre and States to borrow long terms funds, say more than one year from the RBI.2. RBI has equal powers to regulate all Cooperative Banks at par with the commercial banks.Which of the above statements is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'D'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice Consider the following statements.1. Ways and Means Advances is a facility for both the Centre and States to borrow long terms funds, say more than one year from the RBI.2. RBI has equal powers to regulate all Cooperative Banks at par with the commercial banks.Which of the above statements is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'D'. Can you explain this answer? tests, examples and also practice Current Affairs tests.
|
|
Explore Courses for Current Affairs exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup