Which of the following correctly explains Ways and Means Advance ?

  • It comes under section 17(5) of RBI Act, 1934
  • It provides to the States banking with it to help them to tide over temporary mismatches in the cash flow of their receipts and payments.
  • There are two types of WMA-normal and special
  • Both (1) and (3)
  • All of the above

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Which of the following correctly explains Ways and Means Advance ?
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