HomeTestsSearchRankProfile
mediumMCQIndian Competitive Exams2026Indian Polity & Economy
1 mark

Which of the following monetary aggregates is used to denote broad money in the Indian economy?

  1. A
    M 1
  2. B
    M 2
  3. C
    M 3
  4. D
    M 4

Solution & Step-by-step Explanation

According to the empirical classification of money supply by the Reserve Bank of India, is called narrow money, whereas is designated as broad money as it includes currency, demand deposits, and time deposits with the banking system.

Practice this question

Try it yourself before checking the explanation above.

Which of the following monetary aggregates is used to denote broad money in the Indian economy?
A
M 1
B
M 2
C
M 3
D
M 4

Share This Question

Related Questions

Ready for a Full Test?

Practice with timed mock tests and track your performance across Indian Polity & Economy.

Discussion