Economics · Banking and Monetary Policy
Which of the following statements about M1 (as per RBI definition) is/are CORRECT? 1. M1 = Currency with public + Demand deposits with commercial banks + Other deposits with RBI 2. M1 is known as transaction money 3. M1 includes net time deposits with banks Select the correct answer using the code given below:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 11, 2 and 3
- 21 and 3 only
- 32 and 3 only
- 41 and 2 only✓
Correct answer
1 and 2 only
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