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With reference to Ways and Means Advances (WMA), consider the following statements:1. It is a facility for both the Centre and states to borrow from the RBI, to balance temporary mismatches in cash flows.2. Normal Ways and Means Advances are provided at lower interest rate than the repo rate.3. The interest levied for Special Drawing Facilities/Special WMA is equal to the repo rate.Which of the statements given above is/are correct?a)1 onlyb)1 and 2 onlyc)2 and 3 onlyd)1, 2 and 3Correct answer is option 'A'. Can you explain this answer? for UPSC 2025 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about With reference to Ways and Means Advances (WMA), consider the following statements:1. It is a facility for both the Centre and states to borrow from the RBI, to balance temporary mismatches in cash flows.2. Normal Ways and Means Advances are provided at lower interest rate than the repo rate.3. The interest levied for Special Drawing Facilities/Special WMA is equal to the repo rate.Which of the statements given above is/are correct?a)1 onlyb)1 and 2 onlyc)2 and 3 onlyd)1, 2 and 3Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to Ways and Means Advances (WMA), consider the following statements:1. It is a facility for both the Centre and states to borrow from the RBI, to balance temporary mismatches in cash flows.2. Normal Ways and Means Advances are provided at lower interest rate than the repo rate.3. The interest levied for Special Drawing Facilities/Special WMA is equal to the repo rate.Which of the statements given above is/are correct?a)1 onlyb)1 and 2 onlyc)2 and 3 onlyd)1, 2 and 3Correct answer is option 'A'. Can you explain this answer?.

Solutions for With reference to Ways and Means Advances (WMA), consider the following statements:1. It is a facility for both the Centre and states to borrow from the RBI, to balance temporary mismatches in cash flows.2. Normal Ways and Means Advances are provided at lower interest rate than the repo rate.3. The interest levied for Special Drawing Facilities/Special WMA is equal to the repo rate.Which of the statements given above is/are correct?a)1 onlyb)1 and 2 onlyc)2 and 3 onlyd)1, 2 and 3Correct answer is option 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for UPSC. Download more important topics, notes, lectures and mock test series for UPSC Exam by signing up for free.

Here you can find the meaning of With reference to Ways and Means Advances (WMA), consider the following statements:1. It is a facility for both the Centre and states to borrow from the RBI, to balance temporary mismatches in cash flows.2. Normal Ways and Means Advances are provided at lower interest rate than the repo rate.3. The interest levied for Special Drawing Facilities/Special WMA is equal to the repo rate.Which of the statements given above is/are correct?a)1 onlyb)1 and 2 onlyc)2 and 3 onlyd)1, 2 and 3Correct answer is option 'A'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of With reference to Ways and Means Advances (WMA), consider the following statements:1. It is a facility for both the Centre and states to borrow from the RBI, to balance temporary mismatches in cash flows.2. Normal Ways and Means Advances are provided at lower interest rate than the repo rate.3. The interest levied for Special Drawing Facilities/Special WMA is equal to the repo rate.Which of the statements given above is/are correct?a)1 onlyb)1 and 2 onlyc)2 and 3 onlyd)1, 2 and 3Correct answer is option 'A'. Can you explain this answer?, a detailed solution for With reference to Ways and Means Advances (WMA), consider the following statements:1. It is a facility for both the Centre and states to borrow from the RBI, to balance temporary mismatches in cash flows.2. Normal Ways and Means Advances are provided at lower interest rate than the repo rate.3. The interest levied for Special Drawing Facilities/Special WMA is equal to the repo rate.Which of the statements given above is/are correct?a)1 onlyb)1 and 2 onlyc)2 and 3 onlyd)1, 2 and 3Correct answer is option 'A'. Can you explain this answer? has been provided alongside types of With reference to Ways and Means Advances (WMA), consider the following statements:1. It is a facility for both the Centre and states to borrow from the RBI, to balance temporary mismatches in cash flows.2. Normal Ways and Means Advances are provided at lower interest rate than the repo rate.3. The interest levied for Special Drawing Facilities/Special WMA is equal to the repo rate.Which of the statements given above is/are correct?a)1 onlyb)1 and 2 onlyc)2 and 3 onlyd)1, 2 and 3Correct answer is option 'A'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice With reference to Ways and Means Advances (WMA), consider the following statements:1. It is a facility for both the Centre and states to borrow from the RBI, to balance temporary mismatches in cash flows.2. Normal Ways and Means Advances are provided at lower interest rate than the repo rate.3. The interest levied for Special Drawing Facilities/Special WMA is equal to the repo rate.Which of the statements given above is/are correct?a)1 onlyb)1 and 2 onlyc)2 and 3 onlyd)1, 2 and 3Correct answer is option 'A'. Can you explain this answer? tests, examples and also practice UPSC tests.