Q. Ways and Means Advances (WMA) is a facility provided by the Reserve Bank of India (RBI) to:

[A] Provide long-term loans to state governments

[B] Finance infrastructure projects

[C] Help governments manage temporary mismatches in cash flows

[D] Regulate monetary policy

Answer: C
Notes:

Explanation – Ways and Means Advances (WMA) is a mechanism used by the Reserve Bank of India (RBI) to provide short-term financial assistance to the Indian government, specifically state governments. It helps them bridge temporary gaps between their receipts and expenditures.

Source: The Hindu

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