Economics · Money and Banking
Assertion (A): M0 equals Currency in circulation plus Bankers' deposits with the RBI plus 'Other' deposits with the RBI. Reason (R): M4 equals M3 plus total deposits with post office savings bank (excluding National Savings Certificates).
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A is false but R is true
- 2A is true but R is false
- 3Both A and R are true but R is not the correct explanation of A✓
- 4Both A and R are true and R is the correct explanation of A
Correct answer
Both A and R are true but R is not the correct explanation of A
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