BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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In India there are four alternative measures of money supply:M1, M2, M3, and M4 of these M1=
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Currency with people
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Currency with people+ Demand deposdit
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Currency with people+ Demand deposdit+ Other deposit with RBI
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none of these
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Explanation:
Detailed explanation-1: -RBI publishes figures for four alternative measures of money supply, viz. M1, M2, M3 and M4.
Detailed explanation-2: -Central bank money is designated as M0 in money supply data, whereas commercial bank money is separated into M1 and M3 components. Post-office deposits are also included in the M2 and M4 components.
Detailed explanation-3: -Instead, the Reserve Bank of India has developed four alternative measures of money supply in India. These four alternative measures of money supply are labelled M1, M2, M3 and M4. The RBI will collect data and calculate and publish figures of all the four measures.
There is 1 question to complete.