UPSC Civil Services Prelims 2017
Question 12 of 33Indian Economy
Which one of the following best describes the term ‘Broad Money (M3)’ in India?
ACurrency with the public only
BCurrency with the public plus demand deposits with banks
CCurrency with the public plus demand deposits plus time deposits with banks
DOnly time deposits with commercial banks
Correct Answer
The correct answer is hidden
Explanation
20 words hidden ... banking system, and time deposits with the banking system. It therefore captures a broader measure of liquidity than ... 19 words hidden