Banking Awareness Test for IBPS, RBI, SBI, NABARD & other Bank Examinations


Q.  Which of the following about money supply measures adopted in 1998 is wrong?

a. M1= currency with public +demand deposits with banking system + other deposits with RBI
b. M2= M1 + savings deposits of post office savings bank
c. M3= M1+ time deposits with banking system
d. None of the above


ANSWER: See Answer
 
Money supply is defined as the total quantity of money circulating in the economy at a particular time. There are three measures of money supply M1, M2, and M3.
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