What is the limit of WMA fixed by RBI for States Governments and UTs with effect from April 2022?

• A. Rs 52,101 crore
• B. Rs 49,000 crore
• C. Rs 47,010 crore
• D. Rs 35,210 crore

Answer: (C)

The Reserve Bank has decided to reduce the Ways and Means Advances (WMA) for States Governments and Union Territories (UTs) from Rs 51,560 crore to Rs 47,010 crore, considering the improvement in the pandemic situation.