Economics · Monetary Policy
In the Reserve Bank of India's monetary aggregates framework, what does M4 refer to?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1M1 + Savings deposits with Post Office savings banks
- 2M3 + Total deposits with Post Office savings organisations (excluding NSC)✓
- 3Currency in circulation + Demand deposits with banks
- 4M2 + Time deposits with commercial banks
Correct answer
M3 + Total deposits with Post Office savings organisations (excluding NSC)
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