BANKING & FINANCE
RBI
RBI sets ₹50,000 crore limit for Ways and Means Advances.
RBI fixed ₹50,000 crore for Central Government.
Limit is for short-term financing facility.
Facility: Ways and Means Advances (WMA).
Period: October 2026 to March 2027.
🎯 Key Point: RBI set ₹50,000 crore WMA limit for Central Government.
Limit is for short-term financing facility.
Facility: Ways and Means Advances (WMA).
Period: October 2026 to March 2027.
🎯 Key Point: RBI set ₹50,000 crore WMA limit for Central Government.
Key Facts / Static GK
WMA Full Form: Ways and Means Advances
RBI Established: 1 April 1935
RBI Nationalized: 1 January 1949
RBI Established: 1 April 1935
RBI Nationalized: 1 January 1949
Practice Quiz — 2 October 2026
Q1. Who has been approved by RBI as the next MD & CEO of Kotak Mahindra Bank for a three-year term starting January 1, 2027?
Answer: (C) Anup Kumar Saha — The RBI has approved Anup Kumar Saha's appointment as MD & CEO of Kotak Mahindra Bank for a three-year term, effective January 1, 2027. He will succeed Ashok Vaswani.
Q2. Who has been approved by RBI as the Managing Director & Chief Executive Officer of HDFC Bank for a three-year term?
Answer: (C) Anup Bagchi — The RBI has approved the appointment of Anup Bagchi as the Managing Director & Chief Executive Officer of HDFC Bank for a three-year term. He will succeed Sashidhar Jagdishan.
Q3. Who has been named as the new brand ambassador for Hyundai Motor India Limited?
Answer: (B) Sheetal Devi — Hyundai Motor India Limited has appointed World No. 1 Para Archer and Arjuna Awardee Sheetal Devi as its new brand ambassador.
Q4. Which state recently announced plans to develop a world-class Olympic City and a separate Motor Sports City?
Answer: (D) Tamil Nadu — Tamil Nadu Chief Minister C. Joseph Vijay announced that the State will develop a world-class Tamil Nadu Olympic City in Chennai and a separate Motor Sports City.
Q5. What is the total outlay approved by the Union Cabinet for the Green Energy Corridor Phase-III scheme?
Answer: (D) ₹1,86,405 crore — The Union Cabinet approved the Green Energy Corridor Phase-III scheme with a total outlay of ₹1,86,405 crore, to be completed by Financial Year 2032-33.
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