A) Ways and Means Advances (WMA)
B) Inflation Indexed Bonds (IIB)
C) Open Market Operations (OMO)
D) Marginal Liquidity Facility (MLF)
E) Liquidity Adjustment Facility (LAP)
Correct Answer: A
Solution :
To tide over temporary mismatches in the cash flow of receipts and payments, the Reserve Bank provides Ways and Means Advances (WMAs) to the Central and State Governments under the RBI Act, 1934. WMAS are repayable not later than three months from the date of making that advance.
You need to login to perform this action.
You will be redirected in
3 sec
