With reference to the measures of Monetary and Liquidity Aggregates in India, consider the following statements:1. M1 refers to Currency with the public plus demand deposits with the banking system plus other deposits with the RBI.2. M2 refers to M1 plus savings deposits of post office savings banks.3. M3 refers to M2 plus time deposits with the banking system.Which of the statements given above is/are correct?a)1 onlyb)1 and 2 onlyc)2 and 3 onlyd)1, 2 and 3Correct answer is option 'B'. Can you explain this answer?

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With reference to the measures of Monetary and Liquidity Aggregates in India, consider the following statements:
1. M1 refers to Currency with the public plus demand deposits with the banking system plus other deposits with the RBI.
2. M2 refers to M1 plus savings deposits of post office savings banks.
3. M3 refers to M2 plus time deposits with the banking system.
Which of the statements given above is/are correct?

a)
1 only
b)
1 and 2 only
c)
2 and 3 only
d)
1, 2 and 3

Correct answer is option 'B'. Can you explain this answer?

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With reference to the measures of Monetary and Liquidity Aggregates in...

Statement 1 is correct: M1 = Currency with the public + Demand deposits with the banking system + ‘Other’ deposits with the RBI.
Statement 2 is correct: M2 = M1 + Savings deposits of post office savings banks.
Statement 3 is not correct: M3 = M1+ Time deposits with the banking system = Net bank credit to the Government + Bank credit to the commercial sector + Net foreign exchange assets of the banking sector + Government’s currency liabilities to the public – Net nonmonetary liabilities of the banking sector.

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With reference to the measures of Monetary and Liquidity Aggregates in India, consider the following statements:1. M1 refers to Currency with the public plus demand deposits with the banking system plus other deposits with the RBI.2. M2 refers to M1 plus savings deposits of post office savings banks.3. M3 refers to M2 plus time deposits with the banking system.Which of the statements given above is/are correct?a)1 onlyb)1 and 2 onlyc)2 and 3 onlyd)1, 2 and 3Correct answer is option 'B'. Can you explain this answer?

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With reference to the measures of Monetary and Liquidity Aggregates in India, consider the following statements:1. M1 refers to Currency with the public plus demand deposits with the banking system plus other deposits with the RBI.2. M2 refers to M1 plus savings deposits of post office savings banks.3. M3 refers to M2 plus time deposits with the banking system.Which of the statements given above is/are correct?a)1 onlyb)1 and 2 onlyc)2 and 3 onlyd)1, 2 and 3Correct answer is option 'B'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about With reference to the measures of Monetary and Liquidity Aggregates in India, consider the following statements:1. M1 refers to Currency with the public plus demand deposits with the banking system plus other deposits with the RBI.2. M2 refers to M1 plus savings deposits of post office savings banks.3. M3 refers to M2 plus time deposits with the banking system.Which of the statements given above is/are correct?a)1 onlyb)1 and 2 onlyc)2 and 3 onlyd)1, 2 and 3Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to the measures of Monetary and Liquidity Aggregates in India, consider the following statements:1. M1 refers to Currency with the public plus demand deposits with the banking system plus other deposits with the RBI.2. M2 refers to M1 plus savings deposits of post office savings banks.3. M3 refers to M2 plus time deposits with the banking system.Which of the statements given above is/are correct?a)1 onlyb)1 and 2 onlyc)2 and 3 onlyd)1, 2 and 3Correct answer is option 'B'. Can you explain this answer?.

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