Multiple choice

The Government takes “Ways and Means Advances” from _____. 

  1. RBI

  2. IDBI

  3. SBI

  4. ICICI
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Ways and Means Advances are short-term loans the government takes from the RBI to meet temporary financial gaps. This is a constitutional provision allowing the government to borrow from the central bank. IDBI, SBI, and ICICI are commercial or development banks, not authorized to give these specific advances to the government.

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