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    Question

    Which of the following statements is correct? A.

    WMA were introduced to meet the long-term fund requirement of the central government B. Under the special WMA facility to state governments RBI provides them collateral free overdraft
    A a) Only A Correct Answer Incorrect Answer
    B b) Only B Correct Answer Incorrect Answer
    C c) Both A and B are correct Correct Answer Incorrect Answer
    D d) Both A and B are incorrect Correct Answer Incorrect Answer

    Solution

    The correct answer is D

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