Short-term credit from the Reserve bank to state government:

CA Foundation · Business Economics · MTP · June 2024
Short-term credit from the Reserve bank to state government:
(A) A. RBI credit to states
(B) B. Commercial credit of RBI
(C) C. Ways and Means Advances
(D) D. Short term facility

Suggested Answer and Working Notes:

Correct Answer: Option (C)

C. Ways and Means Advances

Topics: Public Finance

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