Question

    NBFC Deposits are added in which of the

    following?
    A L1 Correct Answer Incorrect Answer
    B L2 Correct Answer Incorrect Answer
    C L3 Correct Answer Incorrect Answer
    D NM3 Correct Answer Incorrect Answer

    Solution

    Liquidity Aggregates: L1 = M3 + All deposits of post office saving banks excluding National Savings Certificates (NSCs) L2 = L1 +  Term Deposits with Term Lending Institutions and Refinancing institutions (FIs) + Term borrowing by Refinancing Institutions + Certificate of Deposits issued by Fls. L3 = L2 +  Public Deposit of Non-Banking Finance Companies (NFBCS)

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