Which of the following is used to signify broad money? - General Studies MCQ Indian Competitive Exams 2026 | ExamTest.live | ExamTest.live

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Which of the following is used to signify broad money?

A $M1$
B $M2$
C $M3$
D $M4$

Solution & Step-by-step Explanation

In India's monetary aggregates, M_{1} is classified as narrow money because of its high liquidity, whereas M_{3} is designated and widely referred to as broad money because it includes time deposits alongside liquid currency components.

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Which of the following is used to signify broad money?

A

M1

B

M2

C

M3

D

M4

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Economics Money Supply Monetary Aggregates

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