Which of the following is NOT a part of the M1 definition of money ?
In India's monetary aggregates, narrow money M1 comprises currency with the public, demand deposits with banks, and other deposits with the RBI. Fixed deposits are time…
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Which of the following is NOT a part of the M1 definition of money ?
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Correct answer C
In India's monetary aggregates, narrow money M1 comprises currency with the public, demand deposits with banks, and other deposits with the RBI. Fixed deposits are time deposits and are not part of M1.
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RPSC Senior Teacher (Sanskrit Education)