Economics · Money and Banking
Under the monetary aggregates in India, M1 is equal to which of the following?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Currency in circulation + Bankers' deposits with RBI
- 2Currency with the public + Demand deposits with the banking system + 'Other' deposits with RBI✓
- 3Demand deposits with the banking system + 'Other' deposits with RBI
- 4Currency with the public + Demand deposits with the banking system
Correct answer
Currency with the public + Demand deposits with the banking system + 'Other' deposits with RBI
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