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The sum of which of the following constitutes Broad Money in India ? I. Currency with the Public II. Demand deposits with banks III. Time deposits with banks IV. Other deposits with RBI

1997

The sum of which of the following constitutes Broad Money in India ? I. Currency with the Public II. Demand deposits with banks III. Time deposits with banks IV. Other deposits with RBI
Choose the correct answer using the codes given below :

(a)

I and II

(b)

I, II and III

(c)

I, II, III and IV

(d)

I, II and IV

Answer:

(c)

The sum of which of the following constitutes Broad Money in India ? I. Currency with the Public II. Demand deposits with banks III. Time deposits with banks IV. Other deposits with RBI

Explanation