Economics · Money Supply
Which of the following correctly defines the monetary aggregate M2 in the Indian economy?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1M2 = Currency held by the public + Demand deposits + Other deposits with RBI
- 2M2 = M3 + Total deposits with Post Office Savings Organizations (excluding NSC)
- 3M2 = M1 + Time deposits of all commercial banks
- 4M2 = M1 + Savings deposits with Post Office savings banks✓
Correct answer
M2 = M1 + Savings deposits with Post Office savings banks
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