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Consider the following statements:1. RBI in consultation with Union Government on 1 April2014 capped the Ways and Means Advances (WMA limits for the first half of the new financial year 2014-15(April 2014-Sep 2014) at 35000 crore rupees.2. The second half of the limit would be fixed inSeptember 2014.3. This notification of Reserve Bank of India (RBI) is aimed at triggering fresh flotation of market loans whenthe government utilises 75 percent of the WMA limit.Consider the above statements and choose the correctoption.

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Consider the following statements:1. RBI in consultation with Union Government on 1 April2014 capped the Ways and Means Advances (WMA limits for the first half of the new financial year 2014-15(April 2014-Sep 2014) at 35000 crore rupees.2. The second half of the limit would be fixed inSeptember 2014.3. This notification of Reserve Bank of India (RBI) is aimed at triggering fresh flotation of market loans whenthe government utilises 75 percent of the WMA limit.Consider the above statements and choose the correctoption.






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