UPSC Civil Services Prelims 2011
Question 8 of 53Indian Economy
Which one of the following best describes ‘broad money (M3)’ in India?
ACurrency with the public only
BCurrency with the public plus demand deposits only
CCurrency with the public plus demand deposits and time deposits with the banking system
DOnly time deposits with commercial banks
Correct Answer
The correct answer is hidden
Explanation
15 words hidden ... public, demand deposits, and time deposits with the banking system. It is broader than narrow money and provides a ... 14 words hidden