Economics · Money and Banking
In the context of the Indian economy, the monetary aggregate M1 (Narrow Money) comprises which components?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Currency and coins with the public only
- 2Currency and coins with the public + Total post office savings bank deposits
- 3Currency and coins with the public + Time deposits with commercial banks
- 4Currency and coins with the public + Demand deposits with commercial banks + 'Other' deposits with the RBI✓
Correct answer
Currency and coins with the public + Demand deposits with commercial banks + 'Other' deposits with the RBI
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