Question
The elements given below are some of the parts of the M4
money supply of Indian economy (a) Broad money (M3) (b) All deposits with the post office savings bank (c) National savings certificate Choose the correct option which constitute M4Solution
The four measures of money supply are: · M1 = C + DD + OD · M2 = M1 + Saving deposits with the post office saving banks · M3 = M1 + Time deposits with the Banks · M4 = M3 + Total deposits with the post office saving organizations The new measures of money supply are: · NM1 = C + DD + OD · NM2 = NM1 + Short-term time deposits of residents (including and up to the contractual maturity of one year) NM3 = NM2 + Long-term time deposits of residents + Call/Term funding from financial institutions. M3 and M4 are broad measures of money supply whereas M1 and M2 are narrow measures of money supply.
Which of the following Articles of the Constitution of India adopted Hindi in Devanagari script as the official language of the Union?
What was the All-India Consumer Price Index (CPI) inflation rate for October 2024?
Which state had the highest sex ratio at birth in 2023, as per CRS data?
Semicon India 2022 a conference recently being inaugurated by Prime Minister Narendra Modi in which place?
Discount Brokerage platform Sky offers brokerage services at ₹20 per trade for intraday and delivery transactions across segments & additionally wil...
- The Indian government aims to reduce the cost of Green Hydrogen to how much per kg?
What are the broad contours of the Support for Poor Prisoners scheme?
What is the goal of Telangana’s 'Indira Saura Giri Jala Vikasam' scheme?
What is the aim of India's Cruise Bharat Mission, launched in September 2024?
India’s foreign exchange reserves recently touched a 19-month high. What was the total forex reserve as of March 2025?
