Economics · Money and Banking
In measuring money supply in India, M1 (Narrow Money) includes:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Currency, demand deposits, time deposits and government securities
- 2Only currency issued by the Central Bank
- 3All financial assets including stocks and bonds
- 4Currency with the public, demand deposits with banks, and other deposits with RBI✓
Correct answer
Currency with the public, demand deposits with banks, and other deposits with RBI
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