In India, the RBI has adopted the narrow and broad concepts of money supply. Which of the following are…
In RBI's money supply measures, Narrow Money (\(M_1\)) consists of Currency with the public (\(C\)) + Demand deposits of Commercial/Cooperative Banks (\(DD\)) + Other…
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In India, the RBI has adopted the narrow and broad concepts of money supply. Which of the following are the components of narrow money supply?
Answer and explanation
Correct answer D
In RBI's money supply measures, Narrow Money () consists of Currency with the public () + Demand deposits of Commercial/Cooperative Banks () + Other deposits with the RBI ().
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RPSC Statistical Officer